1235 North Olive Drive

West Hollywood, CA 90069

$10,900,000
Price
14,986 / 0.34
Lot Size / Acres

Description

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,...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 is available for Lease at $18,500 per month.
  1. Listed by Jordan Petito • DRE #02023714 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 1235 North Olive Drive

Water Front
None
Zoning
WDR4*
Cross Streets
Olive/Fountain
Parcel Number
5555003033
Area
West Hollywood Vicinity (C10)
Lot Size Area
14986
Source Lot Size Area
Estimated
Present Use
Single Family

Location

Listing Courtesy of Keller Williams Beverly Hills, Jordan Petito, DRE #02023714
Add your commute
LISTING UPDATED: 04/09/2024 09:34 AM

Property Details for 1235 North Olive Drive

StatusActive
MLS #22-143871
Days on Market751
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.34 AC
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Jordan Petito, DRE #02023714
Add your commute

Building Information for 1235 North Olive Drive

Lot Size0.34 AC

Payment Calculator

$59,720 per month

30 year fixed, 7.25% Interest

Principal and Interest

$59,486

Property Taxes

$234

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1235 North Olive Drive

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
  • Water: Public
  • Sewer: On Site
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.34
  • Lot Size Square Feet: 14986
  • Telephone: 1.0
  • Cable: 1.0
  • Gas: On Site
  • Land Value: $11,500,000.00
  • Land Value Percent: 100.00%
  • Units Per Acre: Over 40 Units/Acre
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 04-06-2022

Property History for 1235 North Olive Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1235 North Olive Drive

Taxable ValueLand$145,139Additions$13,163Total$158,302
Tax Record2023$2,803 ($234 / month)
Home Facts
Beds3Total Finished SqFt2,553 SqFtAbove Grade Finished SqFt2,553 SqFtLot Size7,535 SqFtStyleSingle Family ResidenceYear Built1923ZoningWDR4*CountyLOS ANGELESAPN5555-003-033

Schools near 1235 North Olive Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
West Hollywood Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

West Hollywood Opportunity School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1235 North Olive Drive is a 0.34 ac of land for sale in West Hollywood, CA 90069. This property was listed for sale on April 5, 2022 by Keller Williams Beverly Hills, it's currently listed at $10,900,000. This listing's school district is Los Angeles Unified School District. Nearby schools include West Hollywood Elementary School, Hubert Howe Bancroft Middle School and Fairfax Senior High School. 1235 North Olive Drive is a 0-bed, 0-bath, 0.34 ac of land on a 14,986 sq. ft. / 0.34 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Jordan Petito, DRE #02023714

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.