1029 N Orange Grove
Property Description
Prime West Hollywood triplex featuring three units across two separate buildings, offering immediate income and compelling long-term potential. The property presents an excellent opportunity for investors, multigenerational ownership, or a future owner-user seeking to occupy one residence while generating income from the others, subject to existing tenancies and applicable regulations. Outdoor areas include a spacious shared courtyard and covered patio, while garages-currently rented separately from the residential units-provide additional income. Photos taken from the garage rooftop illustrate the potential west-to-east outlook, including views toward the Hollywood Sign that may be achievable with future three-story development. According to preliminary information from the City of West Hollywood, the site may offer potential for up to five approximately 1,500-square-foot units, plus two additional affordable units, subject to zoning, density-bonus requirements, design review, tenant protections and all governmental approvals. Buyers should independently verify all development possibilities. Ideally located in the heart of West Hollywood, just moments from celebrated restaurants, shopping, nightlife, entertainment and everyday conveniences. A rare opportunity to acquire an income-producing property with additional garage revenue and significant future upside in one of Los Angeles' most desirable rental markets.
Broker Details
Century 21 EDVA (818) 371-1665
MLS ID: F210007903 State License Number: 01252271
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,699,900 |
| No. of Units: | 3 |
| Year Built: | 1930 |
| Opportunity Zone: | No |
| Price per unit: | $566,633 |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 4 |
ID: 3yd-MRMLSCA-SR26161664
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
1311-15 Pacific Beach Dr
San Diego, California
347 Branch Street
San Luis Obispo, CaliforniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout