A historic property, once home to the Hollywood Art Center School, is on the market for just under $7 million.
The 3-acre estate at 2025-2027 North Highland Avenue is billed to prospective buyers as having the potential for as large as an 80-unit multifamily building or a hotel with the same room count.
The seller is an LLC tied to a California registered agent, according to property records.
The Oppenheim Group’s Catherine Agro and Jason Oppenheim have the listing.
The property consists of a main house, carriage house and guest house that was previously used as a classroom and studio space, according to Los Angeles Planning Commission documents. The property was designated a historic-cultural monument in 2020.
The mansion has six beds and three baths, while the outdoors include a 100-seat amphitheater looking out onto the Hollywood sign, hiking trails and waterfalls.
The Mission Revival-style property was originally designed for the artist Otto Classen by Dennis & Farwell Architects, the firm behind the Magic Castle and many other Southern California residences built at the turn of the century.
Henry and Mona Lue Lovins, founders of the Hollywood Art Center School, later acquired the property in the 1940s. They moved the school, which was founded in 1912 originally as the Southwest Academy of Art in Downtown Los Angeles, to the Hollywood site, offering programs on fine arts, fashion, costume design, commercial art and illustration, according to a website dedicated to the history of the school that’s maintained by the Lovins’ granddaughter Elizabeth Lovins.
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Hollywood Art Center School students and faculty had a hand in projects such as animation for Disney’s “Fantasia” and the University of Southern California’s Tommy Trojan statue.