West Hollywood, CA 90069
$1,499,000
Positioned in the highly desirable Norma Triangle / West Hollywood neighborhood, just moments from Beverly Hills, this WDR3-zoned property presents an exceptional opportunity for developers and investors seeking a head start in one of LA's most sought-after markets. Significant preliminary work has already been completed, including a permitted foundation retrofit, a brand-new permitted roof, professional interior and exterior demolition, and comprehensive asbestos and lead abatement. The property has been cleared out, creating a blank canvas for the next phase of construction while saving the incoming owner valuable time on initial site preparation. An extensive architectural and engineering package is included, featuring plans for a single family main residence and ADU, structural calculations, an updated survey, as-built drawings, and a drainage plan. The property's WDR3 zoning and existing improvements offer the opportunity to explore multiple development strategies, including reconfiguring the existing structure, pursuing a multi-unit residential concept, or utilizing the included plans to explore a detached ADU above the garage. The previous tenants were voluntarily bought out through Cash for Keys agreements, and the property is not subject to an Ellis Act withdrawal. A compelling opportunity to build upon the work already completed and explore the potential of this premier West Hollywood location.
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Listed by Nicholas Sandler, The Agency