West Hollywood, CA 90069 8570 Holloway Drive
$3,500,000
19 more
Presented By: Max Berger with Compass;
Home Details
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.
Presented By: Max Berger with Compass;
Interior Features for 8570 Holloway Drive
Bedrooms
Total Bedrooms6
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths6
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
FlooringTile, Wood
Heating Y/NYes
Street SuffixDrive
Total Stories2
General for 8570 Holloway Drive
Additional Parcels Y/NNo
AppliancesDishwasher, Refrigerator, Dryer, Washer
Attached Garage No
Carport Y/NNo
CityWest Hollywood
CountyLos Angeles
Days on Market8
DirectionsWalking distance to the Sunset Strip, the subject property is located 2 blocks south of La Cienega Blvd. and Sunset Blvd.
Garage Spaces3.0
Garage Y/NYes
Gross Income0.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Interior FeaturesCeilingFans
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7710.0
MLS AreaC10 - West Hollywood Vicinity
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameHolloway
Total Units3
ViewNone
View Y/NNo
Waterfront Y/NNo
Year Built1939
ZoningWDR4*
Exterior for 8570 Holloway Drive
Building Area Total4003.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.177
Lot Size Area7710.0
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesDoorMulti, DoorSingle, Garage
SpaNo
Total Parking3.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480