1229 Olive Drive, West Hollywood

$10,900,000

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0 Bed
0 Bath
.34 Acre
0 Garage

The sale of 1229 & 1235 N Olive Dr. consist of two parcels total 14,986 SF of land in prime luxurious West Hollywood. Perfect for a developer, this opportunity is extremely rare, zoned WDR4, with two single-family residences that will be delivered vacant at the close of escrow. Enjoy one of Los Angeles's most coveted West Hollywood neighborhood. This ultra luxurious neighborhood features a walk score of 91 making it a walker's paradise. Featured in West Hollywood are prominent hotels, famous restaurants, entertainment and nightlife scenes, as well as boutique shopping. Listing price is for two lots. Both 1229 and 1235 N Olive are being sold together for a total of $11,500,000 with a total of 14,986 SF. Olive Drive has development potential for explosive views. Build up to 17 units by-right or 27 units with 5-stories utilizing the statewide density increase bonus (Buyer to verify). 1229 N Olive Drive only can purchase separately for $5,450,000.

Essential Information

MLS® #
22143836
Price
$10,900,000
Bathrooms
0.00
Acres
0.34
Type
Land
Status
Active

Community Information

Address
1229 Olive Drive
Area
C10 - West Hollywood Vicinity
City
West Hollywood
County
Los Angeles
Zip Code
90069
Senior Community
N

Amenities

View
City Lights, Hills

Additional Information

Date Listed
April 5th, 2022
Days on Market
776
Zoning
WDR4*

Listing Details

Agent
Jordan Petito
Office
Keller Williams Beverly Hills
Property History
Price Reduced from $11,500,000 to $10,900,000

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1235 Olive Drive, West Hollywood

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MLS® # 22143871

Jordan Petito Keller Williams Beverly Hills
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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Jordan Petito - Keller Williams Beverly Hills

Based on information from California Regional Multiple Listing Service, Inc. as of May 20th, 2024 at 4:55pm PDT. 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, 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.