2041 Grace Avenue
Los Angeles, CA, 90068
$3,600,000
MLS: 26666543
Beds
4
Baths
4
Sq Ft
4,034
Lot
0.22 ac
Year Built
1922
MLS #
26666543
Days on Market
33
Listed
Mar 19, 2026
Description
Set within the historic hillside enclave of Whitley Heights, known for its rich architectural history and close-knit community, this is a neighborhood where residents stay, connect, and take pride in their surroundings. Built in 1922 by H. L. Wilson, this expansive Mediterranean-style estate captures all the glamour and romance of a bygone era. Situated high above the city on an extremely rare double lot teeming with fruit, elm and magnolia trees, this historic home is an entertainer's dream boasting impressive outdoor spaces, spacious rooms with high ceilings, breathtaking views of Los Angeles, and walled and gated grounds for added privacy. The entry opens to a formal living room, captivating upon arrival and drawing one outward to panoramic city skyline views. Light moves gently throughout the day, settling into a soft, luminous dusk. Formal dining sits just beyond, with French doors opening to a private garden with seating and fire pit, creating an effortless indoor-outdoor flow. A true cook's kitchen, centered by an island, offers ample cabinetry and a quaint breakfast nook with built-in banquette. A generous den/media room and a dedicated office open to a terrace with seamless flow to the grounds, complete with pool, spa, and meditation alcove. Up a classic turret staircase, the upper level reveals a dreamy primary suite with a decorative fireplace, overlooking the grounds and the city beyond, with views stretching from DTLA to the ocean. Two additional bedrooms and a full bath complete this level. A lower level offers added flexibility with a bonus room currently used as a home gym, a private guest suite with bath and separate entrance, plus generous storage. Spend your days lounging by the solar-heated pool in a lush garden and your nights enjoying drinks in a prohibition-style speakeasy. A rare expression of Old Hollywood glamour in an iconic hillside setting.
Location
Los Angeles, Los Angeles County, CA 90068
Open on Google Maps ↗Listed by: Karen Lower · Compass
Payment estimate
$25,307
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $360,000 · Loan: $3,240,000
- Principal & Interest
- $19,907
- Property tax (1.25%)
- $3,750
- Homeowners insurance
- $300
- Mortgage insurance
- $1,350
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 $126,000 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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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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