8570 Holloway Drive presents a unique and generational investment opportunity in the heart of West Hollywood, where prime location meets untapped potential. Nestled on a 7,708 SF lot zoned R4B, 8570 Holloway currently comprises a front duplex and a vacant one-bedroom above the garages, presenting a unique opportunity for income generation while pursuing further development. The true allure of this property lies in its development potential. According to a BrickWork development report, the future owner can develop up to 8 units “by right” or an impressive 14 units by utilizing density bonus incentives. In addition, the existing front duplex presents the perfect win-win opportunity. It is well-maintained by current ownership, allowing the future owner to generate income while undergoing the planning and development process.
Vacant Sunset Strip Triplex on 7,708 SF R4B Lot
8570 Holloway Drive, West Hollywood
Property Details
Price $3,500,000
Year Built 1939
# of Units 3
Price P/ Unit $N/A
Sq. ft. 4,003 SF
Price p/ Sq. ft. $N/A
Current Cap Rate N/A%
Proforma Cap Rate N/A%
Lot Size 7,708 SF
Zoning R4B
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About the Property
