Active
8570 Holloway Drive
West Hollywood CA, 90069
$3,500,000
$874.34 per sqft
Active
6 Beds
6 Baths
4,003 sqft
Residential
Built in 1939
Listed by Max Berger with Compass 310-230-5478
8570 Holloway Drive presents a unique and generational investment opportunity in the heart of West Hollywood, where prime location meets untapped potential. This charming triplex, situated one block south of the iconic Sunset Strip at the intersection of Sunset Blvd and La Cienega Blvd, offers investors a blank canvas with immense promise. Nestled on a 7,708 SF lot zoned R4B, 8570 Holloway currently comprises a front duplex and a vacant one-bedroom above the garages, presenting a unique opportunity for income generation while pursuing further development. The true allure of this property lies in its development potential. According to a BrickWork development report, the future owner can develop up to 8 units "by right" or 14 units by utilizing density bonus incentives (buyer to verify). In addition, the existing front duplex presents the perfect win-win opportunity. It is well-maintained by current ownership, allowing the future owner to generate income while undergoing the planning and development process. The front duplex features (1) two-story 3-bdrm. and 2.5-bath unit and (1) two-story 2-bdrm. and 2.5-bath unit. Each charming residence features spacious living and dining rooms perfect for entertainment, skylights and wrap-around picture windows that allow for plenty of natural light, a shared deck overlooking a lush and well-landscaped backyard, and an office space. Please note, the front duplex may be delivered VACANT upon COE. 8570 Holloway is a rare find in the highly sought-after West Hollywood market. With its prime location, untapped potential, and iconic allure of West Hollywood, the property combines immediate income potential with the promise of substantial future gains through development.
24363935
MLSⓇ ID
March 1, 2024
Listed
March 28, 2024
Updated
Map
8570 Holloway Drive
West Hollywood CA, 90069
Interior Features
Total Stories
2
Bedrooms
6 Beds
Bathrooms
6 Baths
Interior Features
Ceiling Fan(s)
Appliances
Dishwasher, Refrigerator, Dryer, Washer
Floor Description
Tile, Wood
Fireplace
Yes
Fireplace Description
Living Room
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.18 Acres
Other Property Details
Area Name
C10 - West Hollywood Vicinity
Days on Market
8
Garage
Yes
Garage Spaces
3
Parking
Door-Multi, Door-Single, Garage
Parking Total
3
View
No
View Description
None
County
Los Angeles
Pool
No
Zoning
WDR4*
Buyer Agency Compensation
2%
Listing Contact: 310-230-5478
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/28/2024 at 3:18 PM UTC