8730 Holloway Drive, West Hollywood, CA 90069 - Berkshire Hathaway HomeServices California Properties

8730 Holloway Drive, West Hollywood, CA 90069

$5,500,000 Approx. USD 16 beds, 16 baths
10,744 sqft

Listing Agent


Eliyahu Appel | eappel@marcusmillichap.com
Lic#: 01918652
Broker: Courtesy of Marcus & Millichap

Agent Remarks

We are pleased to present the exclusive listing of 8730-8736 Holloway Drive. The properties built in 1950 consist of two eight (8) unit buildings (with their own APN#'s) side by side totaling sixteen (16) units with a total of 10,744 rentable square feet on a 12,014 square foot lot. The property offers a compelling investment opportunity in one of the most sought-after areas of Los Angeles, steps to the iconic Sunset Strip. The buildings feature a mix of renovated and standard one-bedroom, one-bathroom apartments. Seven of the units have been fully renovated with high-end finishes such as stainless-steel appliances, hardwood floors, quartz countertops, and updated fixtures, while the remaining nine units offer standard features. With seven of the 16 units currently vacant, there is significant upside potential for the investor to quickly lease up these units and generate immediate cash flow. The property also offers ample parking with 12 covered spaces and four surface spaces, a valuable amenity in this urban area. Of note, the soft story retrofit has been completed. Located a 10-minute walk from the Sunset Strip, residents enjoy proximity to an array of entertainment, dining, and nightlife options, including famous venues like Soho House, Rainbow Bar & Grill, The Roxy Theatre, and Sunset Plaza. The neighborhood also offers excellent access to grocery stores like Whole Foods, Trader Joe's, and Ralph's, making it an attractive area for renters seeking convenience and a vibrant lifestyle. The building's community amenities, including controlled entry access and on-site laundry, further enhance its appeal to tenants. West Hollywood's strong rental demand and the area's high desirability as a cultural and entertainment hub offer significant potential for rental growth. The property's location in such high-demand area ensures a steady stream of potential tenants, and the vacancy rate presents a solid opportunity for the investor to capitalize on lease-up potential. Overall, this property offers strong potential for both short-term income through the lease-up of vacant units and long-term value appreciation as West Hollywood continues to grow and attract both renters and investors. The combination of its prime location, desirable unit features, and proximity to key West Hollywood landmarks makes 8730-8736 Holloway Dr an attractive investment opportunity in one of LA's most vibrant neighborhoods.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 24468333
List price is $5,500,000 Reduced by $250,000 on 4/16/2025
Price: $5,500,000
Beds: 16
Baths: 16
Built in 1950
10,744 sqft
2 stories
0.28 acres
Lot size: 0.2758
County: Los Angeles
Zoning: WDR4*
Interior features: Ceiling Fan(s)
Parking description: Controlled Entrance
Heating/cooling: Wall/Window Unit(s)
Heating description: Forced Air
MLS area: C10 - West Hollywood Vicinity

Last Updated: 4/16/2025

 Days On Market (DOM): 155

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This listing belongs to the C10 - West Hollywood Vicinity MLS area

Lat/Long: 34.090303, -118.381663.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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