1235 OLIVE Drive

West Hollywood, CA 90069

$10,900,000

Listed Price
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shower Baths

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straighten $727 / sqft

calendar_month Built

Property Description

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 1235 OLIVE Drive
City West Hollywood
State CA
Zip 90069
County Los Angeles
Listing Agent Jordan Petito DRE#02023714
Courtesy Of Keller Williams Beverly Hills
MLS 22143871
List Price $10,900,000
Status Active
Type Land
Structure Size N/A
Lot Size 14,986
DOM 756

Exterior Information

Maps

Listing information courtesy of: Jordan Petito, Keller Williams Beverly Hills . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 29th, 2024 at 10:46 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.