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    8961 Crescent Dr Los Angeles, CA 90046

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    For Sale
    $89,000

    Two adjacent vacant lots in prime West Hollywood area.

    Lot size:
    0.07 Acres

    Property Features for 8961 Crescent Dr

    General Information

    Lot size
    0.07 Acres

    Source: Coldwell Banker Envision

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Hollywood Hills Development Opportunity

    This offering presents a rare development opportunity in the West Hollywood Hills, featuring two adjacent vacant lots totaling approximately 6,000 square feet with a 60-foot frontage. Situated in a prime West Hollywood location, the property benefits from nearby utilities. This is a developer's special package, with both lots being sold together under APN numbers 5563-003-042 and 5563-003-043.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Clothing Store Building Supply Gym & Fitness Auto Repair Shop Kitchen & Bath Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.38642
    Latitude
    34.10979

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    FAQs

    What type of property is this?
    Land - Two adjacent vacant lots in prime West Hollywood area.
    Where is this land located?
    The property is located at 8961 Crescent Dr Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: - Rare West Hollywood Hills development opportunity.; - Two adjacent vacant lots (approx. 6,000 SF total, 60' frontage).; - Prime West Hollywood location.
    (323) 572-3682
    Request Owner's contact information
    8961 Crescent Dr Los Angeles, CA 90046
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    Los Angeles, CA 90046
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8961 Crescent Dr Los Angeles, CA 90046
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