8570 Holloway Drive, West Hollywood

$3,500,000

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6 Beds
5 Baths
4,003 Sqft
.18 Acre
3 Garages

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.

Essential Information

MLS® #
24363935
Price
$3,500,000
Bedrooms
6
Bathrooms
5.00
Square Footage
4,003
Acres
0.18
Year Built
1939
Type
Residential Income
Status
Active

Community Information

Address
8570 Holloway Drive
Area
C10 - West Hollywood Vicinity
City
West Hollywood
County
Los Angeles
Zip Code
90069
Senior Community
N

Amenities

Parking Spaces
3
# of Garages
3
View
None

Parking

Door-Multi, Door-Single, Garage

Garages

Door-Multi, Door-Single, Garage

Interior

Interior
Tile, Wood
Interior Features
Ceiling Fan(s)
Heating
Wall Furnace
Fireplace
Yes
Fireplaces
Living Room
# of Stories
2
Stories
Two

Appliances

Dishwasher, Refrigerator, Dryer, Washer

Additional Information

Date Listed
March 1st, 2024
Days on Market
77
Zoning
WDR4*

Listing Details

Agent
Max Berger
Office
Compass

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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Max Berger - Compass

Based on information from California Regional Multiple Listing Service, Inc. as of May 17th, 2024 at 7:45am 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.