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

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.

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