1942 Grace Avenue 118
Los Angeles, CA, 90068
$695,000
MLS: 26667565
Beds
2
Baths
2
Sq Ft
1,257
Lot
1.16 ac
Year Built
1982
MLS #
26667565
Days on Market
25
Listed
Mar 25, 2026
Description
Welcome to resort living in the heart of the Hollywood Hills! This stylish 2-bed, 2-bath condo offers rare privacy with only one shared wall, creating a peaceful retreat above the city. Inside, a light-filled living room with soaring ceilings, warm wood floors, and a cozy fireplace sets the tone, flowing seamlessly to your private enclosed patio, perfect for morning coffee or unwinding under the evening lights. The updated kitchen is both modern and functional, featuring sleek finishes, stainless steel appliances, ample cabinetry, and convenient in-unit laundry. The spacious primary suite serves as a true escape, complete with a walk-in closet and a spa-like bath with a soaking tub. The second bedroom offers flexibility for guests, a home office, or a creative space. There are two side-by-side gated parking spots with elevator access, multiple guest spots, and shared storage. Additional highlights include central heat and air and access to an impressive collection of amenities, including a pool, spa, gym, tennis court, and racquetball. Best of all, this convenient location is close to everything, including restaurants and shops on Cahuenga, nightlife, as well as major TV and film studios, Runyon Canyon, and the Hollywood Bowl, offering the perfect balance of city energy and tranquil hillside living.
Location
Los Angeles, Los Angeles County, CA 90068
Open on Google Maps ↗Listed by: Sarah Jackson · Compass
Payment estimate
$5,128
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $69,500 · Loan: $625,500
- Principal & Interest
- $3,843
- Property tax (1.25%)
- $724
- Homeowners insurance
- $300
- Mortgage insurance
- $261
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $24,325 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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