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.
List By Jordan Petito Keller Williams Beverly Hills
Directions: Two blocks east of La Cienega Blvd and one block south of Sunset Blvd.
Interior Features
Full Baths: 0
Exterior Features
Is New Construction: No
Water Source: Public
Septic or Sewer: Other
Has Garage: No
Parking Spaces: 0
Lot Size in Acres: 0.344
Approximate Size (Sq. Ft.): 0
Lot Size in Sq. Ft.: 14,986
Zoning: WDR4*
Has View: Yes
View Description: City Lights, Hills
Additional Information
Property Type: LL
Year Built: 0
APN: 5555003032
Status: Active
Is Aged Restricted: No
HOA Fee: $0
Lot Square Feet Source: Estimated
Listing Agent CA DRE #: 2023714
List Date: 04/05/2022
$ per month Year Fixed. % Interest Rate.
Principal + Interest:
$
Monthly Tax:
$
Monthly Insurance:
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Based on information from CSMAR, CRMLS, and/or CLAW, and/or CRISNet MLS as of March 28, 2024 2:06 AM PT. The information being provided by CSMAR, CRMLS and/or CLAW and/or CRISNet MLS is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. Any information relating to a property referenced on this website comes from the Internet Data Exchange ('IDX') program of CSMAR, CRMLS and/or CLAW, and/or CRISNet MLS. This website may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. Any information relating to a property, regardless of source, including but not limited to square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR, CRMLS and/or CLAW, and/or CRISNet MLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. IDX powered by iHomefinder, Inc.
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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.
Property Details
Location Information+
County
Los Angeles
MLS Area
West Hollywood Vicinity
Latitude
34.09263
Longitude
-118.374225
Directions
Two blocks east of La Cienega Blvd and one block south of Sunset Blvd.
Interior Features+
Full Baths
0
Exterior Features+
Is New Construction
No
Water Source
Public
Septic or Sewer
Other
Has Garage
No
Parking Spaces
0
Lot Size in Acres
0.344
Approximate Size (Sq. Ft.)
0
Lot Size in Sq. Ft.
14,986
Zoning
WDR4*
Has View
Yes
View Description
City Lights, Hills
Additional Information+
Property Type
LL
Year Built
0
APN
5555003032
Status
Active
Is Aged Restricted
No
HOA Fee
$0
Lot Square Feet Source
Estimated
Listing Agent CA DRE #
2023714
List Date
04/05/2022
List By Jordan Petito Keller Williams Beverly Hills
(CA DRE # shown above if in IDX data)
Based on information from CSMAR, CRMLS, and/or CLAW, and/or CRISNet MLS as of March 28, 2024 2:06 AM PT. The information being provided by CSMAR, CRMLS and/or CLAW and/or CRISNet MLS is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. Any information relating to a property referenced on this website comes from the Internet Data Exchange ('IDX') program of CSMAR, CRMLS and/or CLAW, and/or CRISNet MLS. This website may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. Any information relating to a property, regardless of source, including but not limited to square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR, CRMLS and/or CLAW, and/or CRISNet MLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. IDX powered by iHomefinder, Inc.