$10,900,000
1229 Olive Drive, West Hollywood 90069
14,986
Lot Size
Listing Agent
Jordan Petito - Keller Williams Beverly HillsThe 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.
Facts & Features
| MLS® # | 22143836 |
|---|---|
| Price | $10,900,000 |
| Bathrooms | 0.00 |
| Lot Size | 14,986 |
| Type | Land |
| Status | Active |
Community Information
| Address | 1229 Olive Drive |
|---|---|
| Area | C10 - West Hollywood Vicinity |
| City | West Hollywood |
| County | Los Angeles |
| Zip Code | 90069 |
Amenities
| View | City Lights, Hills |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
Additional Information
| Date Listed | April 5th, 2022 |
|---|---|
| Days on Market | 745 |
| Zoning | WDR4* |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jordan Petito |
|---|---|
| Office | Keller Williams Beverly Hills |