Thank you
Jordan Petito
Keller Williams Beverly Hills
310-432-6400
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. Property is available for Lease at $18,500 per month.
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Total Baths: 0
Full Baths: 0
Half Baths: 0
Sewer : Other
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.344
Lot Size Source: Estimated
Lot Size Square Feet: 14986
Original List Price: 10,900,000
Listing Contract Date: 2022-04-05
Listing Agreement: Seller Reserved
Parcel Number: 5555003033
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C10 - West Hollywood Vicinity
Postal Code Plus 4: 2706
Directions: Two blocks east of La Cienega Blvd and one block south of Sunset Blvd.
Zoning: WDR4*
Source Property Type: Land
Area: C10 - West Hollywood Vicinity
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
8420 Sunset Boulevard #.., West Hollywood, CA,90069 | $3,600,000 | 2 | 2 | 2,726 | -- |
9255 Doheny Road #706, West Hollywood, CA,90069 | $2,980,000 | 2 | 3 | 1,672 | 32163 Sqft |
1229 N Olive Drive, West Hollywood, CA,90069 | $10,900,000 | -- | -- | -- | 14986 Sqft |
1223 Larrabee Street #4, West Hollywood, CA,90069 | $1,395,000 | 1 | 2 | 1,576 | 6999 Sqft |
1023 Hancock Avenue #114, West Hollywood, CA,90069 | $614,900 | 1 | 1 | 671 | 31001 Sqft |
1659 Marlay Drive, West Hollywood, CA,90069 | $10,500,000 | 6 | 8 | 7,049 | 21546 Sqft |
843 1/2 Westbourne Drive, West Hollywood, CA,90069 | $2,425,000 | 6 | -- | 3,240 | 6644 Sqft |
8787 Shoreham Drive #B7, West Hollywood, CA,90069 | $395,000 | -- | 1 | 304 | 48008 Sqft |
Woods Dr., West Hollywood, CA,90069 | $225,000 | -- | -- | -- | 4974 Sqft |
1030 N Kings Road #207, West Hollywood, CA,90069 | $1,275,000 | 2 | 2 | 1,060 | 20290 Sqft |
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ByOwner last updated this listing 04/29/2024 @ 05:25
MLS: 22143871
LISTED BY: Jordan Petito, Keller Williams Beverly Hills
SOURCE: CRMLS
Buyer Agency Compensation: 1.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.