Price$10,900,000
StatusActive
Acres
0.344
CountyLos Angeles
Property TypeLots and Land
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).
County
Los Angeles
Price Before Reduction
11500000
Price Reduction Date
2022-06-30T17:08:38+00:00
Price/SqFt
727.35
Property Type
Lots and Land
Zoning
WDR4*
Lot Size Area
14986
Lot Size Source
Estimated
Lot Size Square Feet
14986
Sewer
Other
View
yes
View Type
City Lights, Hills
MLS Area Major
C10 - West Hollywood Vicinity
Association
no
Days On Market
268
List Agent State License
02023714
Lot Size Units
Square Feet
New Construction
no
Parcel Number
5555003032
Land Value
11500000
Land Value Percent
100
Special Listing Conditions
Standard
© 2023. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Any correspondence from IDX pages are routed to Hurwitz James Company or one of their associates. Last updated Tuesday, February 7th, 2023.
Based on information from CARETS as of Tuesday, February 7th, 2023 05:19:31 PM. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.
#IDX-primaryPhoto,#idx-details-header,#IDX-listingMediaLinksListed by: Jordan Petito, DRE #02023714 from Keller Williams Beverly Hills 310-432-6400
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