$3,500,000
Active
70 Days Online
6 Beds6 Baths4,003 SQFT
Active

8570 Holloway Drive West Hollywood, CA 90069

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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.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyLos Angeles
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site69 Days
  • MLS StatusActive
  • MLS ID Number24363935
  • Home Size Source N/A
  • Year Built1939
  • Lot Size0.177 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking Garage - Two DoorGarage - Single Door
  • Parking Spaces 3
  • Number of Stories 22
  • Acreage 0.177
  • Garage Spaces 3
  • Zoning WDR4*
  • Listing Conditions Standard

Interior Features

  • Heating Wall Furnace
  • Appliances DishwasherRefrigerator
  • Flooring WoodTile
  • Interior Ceiling Fan(s)
  • Fireplace Features Living Room
  • Laundry Features Washer IncludedDryer Included
  • Fireplace Yes

Exterior Features

  • View None

Community Features

  • Senior Community No
  • MLS Area C10 - West Hollywood Vicinity

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Monthly Payment (Est.)

$18,798
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