Active
1229 N OLIVE Drive
West Hollywood CA, 90069
$10,900,000
$727.35 per sqft
Active
0.34 Acres
Land
Listed by Jordan Petito with 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.
22143836
MLSⓇ ID
April 5, 2022
Listed
March 28, 2024
Updated
Map
1229 N OLIVE Drive
West Hollywood CA, 90069
Exterior/Building Features
Lot Size
0.34 Acres
Sewer
Other
Other Property Details
Area Name
C10 - West Hollywood Vicinity
Days on Market
688
Garage
No
Parking Total
0
View
Yes
View Description
City Lights, Hills
County
Los Angeles
Water Source
Public
Pool
No
Zoning
WDR4*
Buyer Agency Compensation
1.5%
Listing Contact: 310-432-6400
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/28/2024 at 3:14 PM UTC