8730 Holloway Drive

West Hollywood, CA 90069

$5,800,000
Price
16
Beds
16
Baths
10,744 Sq. Ft.
$540 / Sq. Ft.
10,744
Sq. Ft.
$540
per Sq. Ft.

Description

We are pleased to present the exclusive listing of 8730-8736 Holloway Drive. The properties built in 1950 consist of two eight (8) unit buildings (with their own APN#'s) side by side totaling sixteen (16) units with a total of 10,744 rentable square feet on a 12,014 square foot lot. The property offers a compelling investment opportunity in one of the most sought-after areas of Los Angeles, steps to the iconic Sunset Strip. The buildings feature a mix of renovated and standard one-bedroom, one-bathroom...We are pleased to present the exclusive listing of 8730-8736 Holloway Drive. The properties built in 1950 consist of two eight (8) unit buildings (with their own APN#'s) side by side totaling sixteen (16) units with a total of 10,744 rentable square feet on a 12,014 square foot lot. The property offers a compelling investment opportunity in one of the most sought-after areas of Los Angeles, steps to the iconic Sunset Strip. The buildings feature a mix of renovated and standard one-bedroom, one-bathroom apartments. Seven of the units have been fully renovated with high-end finishes such as stainless-steel appliances, hardwood floors, quartz countertops, and updated fixtures, while the remaining nine units offer standard features. With six of the 16 units currently vacant, there is significant upside potential for the investor to quickly lease up these units and generate immediate cash flow. The property also offers ample parking with 12 covered spaces and four surface spaces, a valuable amenity in this urban area. Of note, the soft story retrofit has been completed. Located a 10-minute walk from the Sunset Strip, residents enjoy proximity to an array of entertainment, dining, and nightlife options, including famous venues like Soho House, Rainbow Bar & Grill, The Roxy Theatre, and Sunset Plaza. The neighborhood also offers excellent access to grocery stores like Whole Foods, Trader Joe's, and Ralph's, making it an attractive area for renters seeking convenience and a vibrant lifestyle. The building's community amenities, including controlled entry access and on-site laundry, further enhance its appeal to tenants. West Hollywood's strong rental demand and the area's high desirability as a cultural and entertainment hub offer significant potential for rental growth. The property's location in such high-demand area ensures a steady stream of potential tenants, and the vacancy rate presents a solid opportunity for the investor to capitalize on lease-up potential. Overall, this property offers strong potential for both short-term income through the lease-up of vacant units and long-term value appreciation as West Hollywood continues to grow and attract both renters and investors. The combination of its prime location, desirable unit features, and proximity to key West Hollywood landmarks makes 8730-8736 Holloway Dr an attractive investment opportunity in one of LA's most vibrant neighborhoods.
  1. Listed by Eliyahu Appel • DRE #01918652 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 8730 Holloway Drive

Zoning
WDR4*
Parcel Number
4339009001
Total Units
16.0
Living Area
10744
Source Living Area
Owner
Area
West Hollywood Vicinity (C10)
Vacancy Rate
37.5
Lot Size Area
12014
LISTING UPDATED: 12/05/2024 12:01 AM

Property Details for 8730 Holloway Drive

StatusActive
MLS #24-468333
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.28 AC / 12,014 SF
CountyLos Angeles County

Building Information for 8730 Holloway Drive

Stories2Residences-Year Built1950Building Size-Lot Size0.28 AC / 12,014 SF

Property Information for 8730 Holloway Drive

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 1 Bedroom Ap
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $431,809
  • Net Operating Income: $292,665.00
  • Gross Income: $431,809
  • Cap Rate: 5.05%
  • Gross Rent Multiplier: $13.09
  • Vacancy Allow Dollar: $13,296.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 139144
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.28
  • Lot Size Square Feet: 12014
Parking Details
Parking Details
  • Parking Garage: Controlled Entrance
  • Total Parking: 16
  • Covered Parking: 12
  • Open Other Spaces Total: 4
  • Parking Features: Controlled Entrance
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Equipment: Ceiling Fan
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-02-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,836.00
  • Unit Actual Rent: $18,362.00
  • Unit Projected Rent: $30,950.00
  • Like Units: 10
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,095.00
  • Unit Actual Rent: $18,570.00
  • Unit Projected Rent: $18,570.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $669,309.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $2,677,243.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $3,346,552.00

Property History for 8730 Holloway Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8730 Holloway Drive

Taxable ValueLand$2,730,787Additions$683,495Total$3,414,282
Tax Record2024$42,778 ($3,565 / month)
Home Facts
Total Finished SqFt5,372 SqFtAbove Grade Finished SqFt5,372 SqFtLot Size5,808 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningWDR4*CountyLOS ANGELESAPN4339-009-001

Schools near 8730 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.

Similar Homes

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8730 Holloway Drive is a multi-family home for sale in West Hollywood, CA 90069. This property was listed for sale on November 27, 2024 by Marcus & Millichap, it's currently listed at $5,800,000. It has been on the market for a total of 14 days and was last sold on September 30, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include West Hollywood Elementary School, Hubert Howe Bancroft Middle School and Fairfax Senior High School. 8730 Holloway Drive is a 16-bed, 16-bath, 10,744 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Eliyahu Appel, DRE #01918652

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.