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1229 N Olive Dr, West Hollywood, CA 90069

List Price: $8,699,999On Market FlagOn market
Jun 19, 20252,288 sqft3 beds2 baths
Listed by: Travis Parker
License #: 01915398
Phone #: 310-600-2128
Sotheby's International Realty
Source:
CRMLS Logo
MLS #: 25552559

Property Description

Two Side-by-side parcels in West Hollywood, 1229-1235 N. Olive Dr, offering over 15,000 sq ft with 100 ft of frontage. Multiple pathways exist for visionary developers taking advantage of West Hollywood's R4B zoning. These parcels are nestled in a prime location mere moments from the iconic Sunset Strip and neighboring landmarks like the The Pendry, The One Hotel, and LA's world-class entertainment, dining, and shopping. A generational opportunity to build the future of West Hollywood in one of the world's most coveted locations. A By-Right Luxe Development (21 Units, 4 Story), Density Bonus (28 Units, 5 Story) and an All-Affordable Housing option (7 Story), are all on the table with the city's recent game changing development initiatives (See WEHO Minutes). Contact LA1 for info about this exciting new proposed framework. Please do not disturb occupants or walk onsite unattended.
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Kevin Kretzmer
Kevin Kretzmer

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Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
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TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

-$7,299

TurboHome Estimated Value

$4,106,700

$1,795 sqft

High Valuation
$4,312,035
$1885/sqft
Normal Valuation
$4,106,700
$1795/sqft
Low Valuation
$3,901,365
$1705/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1795/sqft$4,106,700

Neighborhood

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Comparative Value

$2.85M

$3.25M

$3.75M

$8.70M

1501 Rising Glen Rd, Los Angeles, CA 90069

Sale Price: $2,852,780

Selected Comparable

8540 Franklin Ave, Los Angeles, CA 90069

Sale Price: $2,900,000

Selected Comparable

1270 N Wetherly Dr, Los Angeles, CA 90069

Sale Price: $3,245,000

Selected Comparable

1444 N Genesee Ave, Los Angeles, CA 90046

Sale Price: $3,400,000

Selected Comparable

8871 Collingwood Dr, Los Angeles, CA 90069

Sale Price: $3,750,000

Selected Comparable

1229 N Olive Dr, West Hollywood, CA 90069

List Price: $8,699,999

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
1229 N Olive Dr, West Hollywood, CA 90069

1229 N Olive Dr, West Hollywood, CA 90069

List: $8,699,999

Listed: 6/19/2025

Area:2,288 sqft
Price/sqft:$3,802
Beds:3
Baths:2
Year Built:—
Lot Size:7,451

Comparable Properties

COMPARABLE
Choose comps
1270 N Wetherly Dr, Los Angeles, CA 90069

1270 N Wetherly Dr, Los Angeles, CA 90069

Sale: $3,245,000

8/4/2025 • 0.80 mi

Area:2,160 sqft
Price/sqft:$1,502
Beds:3
Baths:3
Year Built:—
Weight:22.2%
8540 Franklin Ave, Los Angeles, CA 90069

8540 Franklin Ave, Los Angeles, CA 90069

Sale: $2,900,000

4/23/2025 • 0.51 mi

Area:2,241 sqft
Price/sqft:$1,294
Beds:3
Baths:3
Year Built:—
Weight:22.0%
1444 N Genesee Ave, Los Angeles, CA 90046

1444 N Genesee Ave, Los Angeles, CA 90046

Sale: $3,400,000

1/14/2025 • 1.00 mi

Area:2,208 sqft
Price/sqft:$1,540
Beds:3
Baths:3
Year Built:—
Weight:20.0%
1501 Rising Glen Rd, Los Angeles, CA 90069

1501 Rising Glen Rd, Los Angeles, CA 90069

Sale: $2,852,780

6/18/2025 • 0.71 mi

Area:2,782 sqft
Price/sqft:$1,025
Beds:3
Baths:3
Year Built:—
Weight:18.9%
8871 Collingwood Dr, Los Angeles, CA 90069

8871 Collingwood Dr, Los Angeles, CA 90069

Sale: $3,750,000

4/18/2025 • 0.60 mi

Area:2,422 sqft
Price/sqft:$1,548
Beds:2
Baths:3
Year Built:—
Weight:16.8%

Nearby Listings

6 similar properties within 5 miles

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TurboHome Est. Value:

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Property placeholder2630 Creston Dr, Los Angeles, CA 90068
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Property placeholder10375 Wilshire Blvd 1B, Los Angeles, CA 90024
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TurboHome Est. Value:

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