Land For Sale

$10,900,000

1229 OLIVE Drive, West Hollywood, California 90069

14,986 Sqft
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About This Property
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.
Snapshot
Price : $10,900,000
Acreage : 14,986 Sqft
Residential : For Sale
Listing ID : 22143836
Status : Active
Address :

1229

OLIVE

Drive

City : West Hollywood
County : Los Angeles
State : California
Zipcode : 90069
Street : OLIVE
Street Number : 1229
Street Suffix : Drive
PropertySubType : Single Family Residence
Building
View : City lights, hills
New Construction YN : 0
MLS
Street Dir Prefix : N
LA Last Name : Petito
ListAgentStateLicense : 02023714
Special Listing Conditions : Standard
High School : Other
LA First Name : Jordan
Courtesy of : Keller Williams Beverly Hills
Parcel Number : 5555003032
Land
Conforms To Zoning : WDR4*
Listing
Days On Market : 444
Money
Price Per Square Foot : 727.35
Structures
Spa Construction : None
ParkingTotal : 0
Systems
Sewer : Other
Water Source : Public
What is Nearby?
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For Sale
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