Active
8730 Holloway Dr
West Hollywood CA, 90069
$5,800,000
$539.84 per sqft
Active
16 Beds
16 Baths
10,744 sqft
Multi-family
Built in 1950
We are pleased to present the exclusive listing of 8730-8736 Holloway Drive. The properties built in 1950 consist of two eight (8) unit buildings (with their own APN#'s) side by side totaling sixteen (16) units with a total of 10,744 rentable square feet on a 12,014 square foot lot. The property offers a compelling investment opportunity in one of the most sought-after areas of Los Angeles, steps to the iconic Sunset Strip. The buildings feature a mix of renovated and standard one-bedroom, one-bathroom apartments. Seven of the units have been fully renovated with high-end finishes such as stainless-steel appliances, hardwood floors, quartz countertops, and updated fixtures, while the remaining nine units offer standard features. With six of the 16 units currently vacant, there is significant upside potential for the investor to quickly lease up these units and generate immediate cash flow. The property also offers ample parking with 12 covered spaces and four surface spaces, a valuable amenity in this urban area. Of note, the soft story retrofit has been completed. Located a 10-minute walk from the Sunset Strip, residents enjoy proximity to an array of entertainment, dining, and nightlife options, including famous venues like Soho House, Rainbow Bar & Grill, The Roxy Theatre, and Sunset Plaza. The neighborhood also offers excellent access to grocery stores like Whole Foods, Trader Joe's, and Ralph's, making it an attractive area for renters seeking convenience and a vibrant lifestyle. The building's community amenities, including controlled entry access and on-site laundry, further enhance its appeal to tenants. West Hollywood's strong rental demand and the area's high desirability as a cultural and entertainment hub offer significant potential for rental growth. The property's location in such high-demand area ensures a steady stream of potential tenants, and the vacancy rate presents a solid opportunity for the investor to capitalize on lease-up potential. Overall, this property offers strong potential for both short-term income through the lease-up of vacant units and long-term value appreciation as West Hollywood continues to grow and attract both renters and investors. The combination of its prime location, desirable unit features, and proximity to key West Hollywood landmarks makes 8730-8736 Holloway Dr an attractive investment opportunity in one of LA's most vibrant neighborhoods.
24-468333
MLSⓇ ID
December 2, 2024
Listed
December 5, 2024
Updated
Map
8730 Holloway Dr
West Hollywood CA, 90069
Interior Features
Total Stories
2
Bedrooms
16
Total Bathrooms
16
Appliances
Ceiling Fan
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.28 Acres
Other Property Details
Area Name
West Hollywood Vicinity
Days on Market
8
Garage
No
Parking
Controlled Entrance
Parking Total
16
View
No
County
Los Angeles
Pool
No
Zoning
WDR4*
Listed by Eliyahu Appel with Marcus & Millichap
Listing Contact: 818-390-4181
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Umansky Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 12/5/2024