8730 Holloway Dr West Hollywood, CA 90069
16-unit multifamily property in West Hollywood with value-add potential.
Lot size:
0.28 AcresProperty Features for 8730 Holloway Dr
General Information
- Lot size
- 0.28 Acres
Building Details
- Year built
- 1950
Source: Paloma Realty Partners, Inc.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
West Hollywood Multifamily Value-Add Opportunity
Located in the heart of West Hollywood, 8730-8736 Holloway Drive presents a 16-unit multifamily property. This offering includes two adjacent eight-unit buildings on separate APNs, totaling 10,744 square feet of rentable space on a 12,014 square foot lot. The property features a mix of renovated and classic one-bedroom units, with seven current vacancies. The property includes 16 parking spaces, with 12 covered and 4 open spaces. Each unit has its own water heater, and all units are separately metered for gas and electricity. The property is situated near popular hotspots, contributing to high demand among renters.
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- West Hollywood
- County
- Los Angeles
- State
- California
- Longitude
- -118.382
- Latitude
- 34.0942
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 16-unit multifamily property in West Hollywood with value-add potential.
Where is this apartment building located?
The property is located at 8730 Holloway Dr West Hollywood, CA.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: - Prime West Hollywood location, steps from the Sunset Strip.; - Value-add opportunity with 7 current vacancies for immediate lease-up potential.; - Potential to capitalize on premium West Hollywood rental rates ($2,750 - $3,250 for similar units).