1235 N Olive Dr, WEST HOLLYWOOD, CA

$9,500,000

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0.34

Acres

About 1235 N Olive Dr

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 $10,900,000 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.

Features of 1235 N Olive Dr

MLS® # 22-143871
Price $9,500,000
Acres 0.34
Type Lot-Land
Status Active

Community Information

Address 1235 N Olive Dr
Area West Hollywood Vicinity
City WEST HOLLYWOOD
County Los Angeles
State CA
Zip Code 90069

Amenities

View None
Is Waterfront No
Waterfront None

Additional Information

Date Listed April 5th, 2022
Days on Market 832
Zoning WDR4*
Foreclosure No
RE / Bank Owned No

Listing Details

AgentJordan Petito (02023714)
OfficeKeller Williams Beverly Hills

Listing Map

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