1235 North Olive Drive West Hollywood, CA ^$ 10,900,000

1235 North Olive Drive

^$ 10,900,000

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1235 North Olive Drive

West Hollywood, CA, 90069

^$ 10,900,000

Studio Baths0.0

Monthly Estimate*

^$ 76,140

1235 North Olive Drive, West Hollywood, CA 90069 - Image 1

1235 North Olive Drive, West Hollywood, CA 90069 - Image 2

1235 North Olive Drive, West Hollywood, CA 90069 - Image 3

1235 North Olive Drive, West Hollywood, CA 90069 - Image 4

1235 North Olive Drive, West Hollywood, CA 90069 - Image 5

Studio

Lots and Land for sale in West Hollywood, CA

for $10,900,000. The lot size is 0.34.

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 $11,500,000 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.

Lots and Land Active

Price

^$ 10,900,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Lot Size

0.34

Town/City

West Hollywood

County/Region

Los Angeles

MLS | Web ID

0022143871

Features

General

Zoning WDR4*

County Los Angeles

New Construction No

Property Type D

HOA / Comm Assn No

Status Active

City West Hollywood

Buyer Agent Compensation 1.50

View Y/N No

Senior Community Y/N No

MLS Area C10 - West Hollywood Vicinity

Lot Size Square Feet 14986.0

Street Name OLIVE

Standard Status Active

Buyer Agent Compensation Type %

Exterior

Water Source None

Lot Size Area 14986.0

Lot Size Acres 0.34

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Street Suffix Drive

Total Baths 0

* Excluded Features

List By

Jordan Petito

Listing Agent

Keller Williams Beverly Hills

Broker

Affordability Calculator

$76,140

Per Month

Monthly Principal & Interest: $76,140
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in West Hollywood, CA

Average List Price ^$4,734,167

Percent of Sale Price 57%

About West Hollywood, CA

35,971 Population

1% Since 2002

^$69,697 Median Income

43.33 Median Age

4% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/30/2022	$10,900,000	-5.22%	Price Down
4/6/2022	$11,500,000		Listed Price

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1235 North Olive Drive, West Hollywood, CA, 90069 is a Lots and Land for sale at $10,900,000 with a lot size of 0.34. 1235 North Olive Drive is a studio with 0.0 baths. The property's zip code is 90069 which is in West Hollywood, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/9/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1235 North Olive Drive

Lots and Land for sale in West Hollywood, CA

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