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$3,500,000
6 bed
4,003 Sqft
7,710 Sqft lot

8570 Holloway Drive, West Hollywood, California 90069

  • Residential Income Property Type
  • 80 Days Time on market
  • $874 Price per sqft
  • 1939 Year Built
Property Description

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.

Basic Details
Residential Income
Buy
24363935
$3,500,000
6
4,003 Sqft
1939
7,710 Sqft
Active
Condos/Co-ops
Features
: Wall Furnace
: Living Room
: Dryer, Dishwasher, Refrigerator, Washer
3
$0
Address
CA
Los Angeles
West Hollywood
90069
8570 Holloway Drive
8570
Drive
0
W119° 37' 16.5''
N34° 5' 25.2''
Additional Information
80
2
2
6
: Two
3
4,003 Sqft
0 Sqft
0 Sqft
: Ceiling Fan(s)
0.18 Sqft
7,710 Sqft
1
0 Sqft
WDR4*
4339004002
$0
$0
$0
$0
1
$0
$0
0 Sqft
0 Sqft
$0
1
01/03/2024 12:16:46
$0
: Standard
Walking distance to the Sunset Strip, the subject property is located 2 blocks south of La Cienega Blvd. and Sunset Blvd.
Destrahan
Harry Hurst
Compass
Max Berger
CLW-X81461
CLW-C135509
$0
: Tile, Wood
1
1
0
0
1
1
2
3
0
US-06037-N-4339004002-R-N
01/03/2024 20:21:42
Holloway
C10 - West Hollywood Vicinity
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