8570 Holloway Drive
8570 Holloway Drive
$3,500,000
6
6
4,003
4,003
$874
Listed By Compass
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...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.
Listing Agent
Property Details for 8570 Holloway Drive
Zoning
WDR4*
Cross StreetsWestmount Dr. and Holloway Dr.
Parcel Number4339004002
Total Units3.0
Living Area4003
Source Living AreaVendor Enhanced
AreaWest Hollywood Vicinity (C10)
Vacancy Rate100%
Location
LISTING UPDATED: 03/09/2024 12:01 AM
Property Details for 8570 Holloway Drive
Status | Active |
---|---|
MLS # | 24-363935 |
Days on Market | 81 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1939 |
Lot Size | 0.18 AC / 7,710 SF |
County | Los Angeles County |
Location
Building Information for 8570 Holloway Drive
Stories2Residences-Year Built1939Building Size-Lot Size0.18 AC / 7,710 SF
Payment Calculator
$19,455 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 8570 Holloway Drive
Property History for 8570 Holloway Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8570 Holloway Drive
Taxable ValueLand$103,418Additions$96,277Total$199,695
Tax Record2023$4,248 ($354 / month)
Home Facts
Total Finished SqFt4,003 SqFtAbove Grade Finished SqFt4,003 SqFtLot Size7,708 SqFtStyleTriplexYear Built1939ZoningWDR4*CountyLOS ANGELESAPN4339-004-002
Schools near 8570 Holloway Drive
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 |
Rating | School | Distance |
---|---|---|
West Hollywood Elementary School PublicK to 5 | ||
Hubert Howe Bancroft Middle School Public6 to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
West Hollywood Opportunity School Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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