6
See all 6 photos
$5,250,000
Est. payment /mo
16 Beds
16 Baths
10,744 SqFt
Price Dropped by $250K
8730 Holloway DR West Hollywood, CA 90069
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,744 sqft
Price per Sqft $488
MLS Listing ID 25586183
Bedrooms 16
HOA Y/N No
Year Built 1950
Lot Size 0.280 Acres
Property Description
Paloma Realty Partners is proud to present 8730-8736 Holloway Drive, a 16-unit value-add multifamily offering located in the heart of West Hollywood just steps from the world-famous Sunset Strip. This is a rare opportunity to acquire two adjacent eight-unit buildings on separate APNs totaling 10,744 SF of rentable space, situated on a 12,014 SF lot. The property features a mix of renovated and classic one-bedroom units, with seven current vacancies. Investors have immediate lease-up potential and the ability to capitalize on West Hollywood's premium rental rates, which range from $2,750 to $3,250 for similar units. The property comes with 16 parking spaces(12 covered, 4 open) and is located close to popular hotspots, keeping the neighborhood in high demand among affluent renters. Each unit has its own water heater, and all units are separately metered for gas and electricity.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR4*
Interior
Heating None
Fireplace No
Appliance Dishwasher, Dryer, Washer
Exterior
Parking Features Covered
Total Parking Spaces 16
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4339009001
Special Listing Condition Standard
Listed by Adam Kanizo Paloma Realty Partners, Inc.
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