Est. cap rate

1.1%

Assumed rent, all units

$9,990/mo

Units

3

Price per unit

$1,750,000

Est. annual NOI

$59,940

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

5,821 sqft

Lot size

11,816 sqft

Year built

1937

Stories

2

Garage spaces

6

Heating

Central

Cooling

Central Air,Ductless

Pool

None

Status

Active

Days on market

1

MLS #

247531704

About this property

8620 Holloway Drive presents an exceptionally rare development opportunity in the heart of West Hollywood, ideally positioned between iconic Sunset Boulevard and Santa Monica Boulevard. Situated on an oversized approximately 11,816 square foot lot, the property offers a combination of scale, location, views, and development potential that is increasingly difficult to find in this highly desirable area. The property is currently configured as a triplex with a front duplex and separate rear residence, along with a six car garage and additional carport parking, providing flexibility for an investor, owner user, or developer while plans for the future are considered. Zoned for multi unit residential development, the expansive parcel offers an incredible canvas for a luxury multifamily or design focused residential project that can take advantage of the property’s elevation and impressive surrounding views. The location is equally compelling, tucked into one of West Hollywood’s most sought after residential pockets while remaining just moments from the energy and amenities of both Sunset Boulevard and Santa Monica Boulevard. World class dining, nightlife, shopping, fitness, entertainment, and everyday conveniences are all within close proximity, creating an exceptional urban lifestyle setting. With its oversized lot, existing triplex configuration, substantial parking, strong development potential, impressive views, and irreplaceable location

Location

8620 Holloway Drive

West Hollywood, Los Angeles, CA, 90069