Active

8570 Holloway Dr

West Hollywood CA, 90069

$3,500,000


$874.34 per sqft

Active

6 Beds

4,003 sqft

Residential

Built in 1939

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.

24-363935

MLS ID

March 1, 2024

Listed

April 5, 2024

Updated

Map

8570 Holloway Dr
West Hollywood CA, 90069

Interior Features

Total Stories

2


Bedrooms

6 Beds


Appliances

Built-Ins, Ceiling Fan, Dishwasher, Dryer, Hood Fan, Range/Oven, Refrigerator, Washer


Laundry Description

Laundry Area


Floor Description

Wood, Tile


Fireplace

Yes


Fireplace Description

Living Room


Cooling

Yes


Cooling Description

Ceiling Fan, Window Unit(s)


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.18 Acres

Other Property Details

Area Name

West Hollywood Vicinity


Days on Market

8


Garage

Yes


Garage Spaces

3


Parking

Garage - 2 Car, Garage - 1 Car


Parking Total

3


View

No


View Description

None


County

Los Angeles


Pool

No


Zoning

WDR4*

Listed by Max Berger with Compass
Listing Contact: 818-321-4972 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Ramey Ward | CA DRE# 01456908 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/5/2024

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