8570 Holloway Drive presents a unique and generational investment opportunity in the heart of West Hollywood, where prime location meets untapped potential. This charming triplex, situated one block south of the iconic Sunset Strip at the intersection of Sunset Blvd and La Cienega Blvd, offers investors a blank canvas with immense promise. Nestled on a 7,708 SF lot zoned R4B, 8570 Holloway currently comprises a front duplex and a vacant one-bedroom above the garages, presenting a unique opportunity for income generation while pursuing further development. The true allure of this property lies in its development potential. According to a BrickWork development report, the future owner can develop up to 8 units "by right" or 14 units by utilizing density bonus incentives (buyer to verify). In addition, the existing front duplex presents the perfect win-win opportunity. It is well-maintained by current ownership, allowing the future owner to generate income while undergoing the planning and development process. The front duplex features (1) two-story 3-bdrm. and 2.5-bath unit and (1) two-story 2-bdrm. and 2.5-bath unit. Each charming residence features spacious living and dining rooms perfect for entertainment, skylights and wrap-around picture windows that allow for plenty of natural light, a shared deck overlooking a lush and well-landscaped backyard, and an office space. Please note, the front duplex may be delivered VACANT upon COE. 8570 Holloway is a rare find in the highly sought-after West Hollywood market. With its prime location, untapped potential, and iconic allure of West Hollywood, the property combines immediate income potential with the promise of substantial future gains through development.
This property is $2.3M more than the Median Sold Price and $13/SqFt more than other homes in West Hollywood, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24363935
Listing Office:
Office Name: Compass
Office Phone: (310) 230-5478
Listing Agent: Max Berger
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/27/2024, 6:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$3,888
$191,943
2020
$3,741
$189,976
2019
$3,604
$186,252
2018
$3,541
$182,601
2017
$3,541
$179,021
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
West Hollywood Elementary School
970 Hammond St
Distance between this listing and this school0.50 miles
Public District Grades KG-6
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school1.95 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school16.62 miles
Public Magnet Grades 1-5
Middle School
4
/10
Hubert Howe Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school2.37 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school8.19 miles
Public District Grades 6-8
High School
4
/10
Fairfax Senior High School
7850 Melrose Ave
Distance between this listing and this school1.19 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school9.91 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school10.22 miles
Public Magnet Grades 9-12
Assigned Schools
9
/10
West Hollywood Elementary School
970 Hammond St
Distance between this listing and this school0.50 miles
Public District Grades KG-6
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school1.95 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school16.62 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Hubert Howe Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school2.37 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school8.19 miles
Public District Grades 6-8
Nearby Schools
4
/10
Laurel Elementary School
925 N Hayworth Ave
Distance between this listing and this school0.91 miles
Public District Grades KG-8
Assigned Schools
4
/10
Fairfax Senior High School
7850 Melrose Ave
Distance between this listing and this school1.19 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school9.91 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school10.22 miles
The neighbors living near this home have an average income of $71,711. Residents of West Hollywood, CA typically earn between $35k-100k each year. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8570 Holloway Dr
What is the listing price of this property?
The listing price of 8570 Holloway Dr property is $3,500,000.
What type of property is this?
The property 8570 Holloway Dr is a house located in West Hollywood, California, 90069.
Is this property for sale now?
Active Listing: 8570 Holloway Dr is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 8570 Holloway Dr are: West Hollywood Elementary School: GreatSchools Rating 9/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Hubert Howe Bancroft Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Fairfax Senior High School: GreatSchools Rating 4/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $3,888 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 8570 Holloway Dr has 6 bedrooms and 6 bathrooms.
What is the square footage of this property?
The property 8570 Holloway Dr is 4,003 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 8570 Holloway Dr is 1939.
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This home is located at 8570 Holloway Dr in West Hollywood, CA and zip code 90069 in the Central LA neighborhood. This 4,003 square foot home, which was built in 1939, sits on a 0.18 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since March 01, 2024 and is currently priced at $3,500,000.
West Hollywood, CA housing market in March 2024 saw over 11 listings sold above listed price, more than 7 sold at listed price and over 16 sold below. Between February 2024 and March 2024, West Hollywood, CA real estate market has seen increase in the number of listings by 16.2%. Listings spent 48 days on the market in March 2024, and had a median list price of $1,198,333 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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