1229 N OLIVE Drive West Hollywood, CA ^$ 10,900,000

1229 N OLIVE Drive

^$ 10,900,000

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1229 N OLIVE Drive

West Hollywood, CA, 90069

^$ 10,900,000

Studio Baths0.0

Monthly Estimate*

^$ 76,140

Listed by Keller Williams Beverly Hills

1229 N OLIVE Drive, West Hollywood, CA 90069 - Image 1

1229 N OLIVE Drive, West Hollywood, CA 90069 - Image 2

1229 N OLIVE Drive, West Hollywood, CA 90069 - Image 3

1229 N OLIVE Drive, West Hollywood, CA 90069 - Image 4

1229 N 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 0.344.

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.

Lots and Land Active

Price

^$ 10,900,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Lot Size

0.344

Town/City

West Hollywood

County/Region

Los Angeles

MLS | Web ID

22143836

Days on Market

753

Features

General

Sewer Other

Zoning WDR4*

View CityLights Hills

County Los Angeles

New Construction N

Property Type Land

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Two blocks east of La Cienega Blvd and one block south of Sunset Blvd.

City West Hollywood

View Y/N Y

Senior Community Y/N N

MLS Area C10 - West Hollywood Vicinity

Lot Size Square Feet 14986.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name OLIVE

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 688

Standard Status Active

Exterior

Water Source Public

Total Parking 0.0

Lot Size Area 14986.0

Spa N

Lot Size Acres 0.344

Lot Size Units SquareFeet

Lot Size Source Estimated

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Drive

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 1229

* Excluded Features

List By

Keller Williams Beverly Hills

Broker

(310) 734-2245

Phone

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.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/12/2023	$10,900,000		Listed Price

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1229 N OLIVE Drive, West Hollywood, CA, 90069 is a Lots and Land for sale at $10,900,000 with a lot size of 0.344. 1229 N 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1229 N OLIVE Drive

Lots and Land for sale in West Hollywood, CA

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