
West Hollywood, California 90046
This Residential Income Triplex represents a High-Potential Investment Opportunity, listed at $1,749,900—positioned above the $1,682,889 Fair Market Value. While requiring capital for modernization due to its Condition Rating of 4, the property offers significant Development Upside with potential for up to seven units. The inclusion of a shared courtyard and patio enhances tenant appeal in this prime West Hollywood location. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants seeking to leverage long-term appreciation and diversified rental income streams.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1029 N Orange Grove Subject | $1,699,900* List Price | 0 | 0 | 2,622 | $642 | - |
A 1253 N Orange Grove Sold | $1,700,000 | 0 | 0 | 2,980 | $570 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1930, this triplex presents a mix of conditions across its units. While one unit has been updated with modern shaker cabinets and stone countertops (Good condition), other units feature highly dated kitchens with 30+ year old wood cabinetry and older finishes. The overall structure and systems appear functional for rental income, but the property requires significant cosmetic updates and likely system overhauls to the non-renovated portions to meet modern standards.
The property offers exceptional future potential with preliminary city guidance suggesting the site could accommodate up to seven units, including potential Hollywood Sign views from a future three-story development.
Situated in a highly desirable rental market, the property is moments away from iconic restaurants, shopping, and nightlife, ensuring consistently high tenant demand and long-term appreciation.
Beyond the three residential units, the property generates additional revenue through garages rented separately, providing a multifaceted cash flow for investors or owner-users.
Built in 1930, the property may require significant capital investment for modernization, repairs, or seismic upgrades to meet contemporary standards and maintain its value.
Future development and rent adjustments are subject to West Hollywood’s stringent tenant protections and zoning approvals, which could complicate or delay redevelopment plans.
Prime West Hollywood triplex featuring three units across two separate buildings, offering immediate income and compelling long-term potential. The property presents an excellent opportunity for investors, multigenerational ownership, or a future owner-user seeking to occupy one residence while generating income from the others, subject to existing tenancies and applicable regulations. Outdoor areas include a spacious shared courtyard and covered patio, while garages—currently rented separately from the residential units—provide additional income. Photos taken from the garage rooftop illustrate the potential west-to-east outlook, including views toward the Hollywood Sign that may be achievable with future three-story development. According to preliminary information from the City of West Hollywood, the site may offer potential for up to five approximately 1,500-square-foot units, plus two additional affordable units, subject to zoning, density-bonus requirements, design review, tenant protections and all governmental approvals. Buyers should independently verify all development possibilities. Ideally located in the heart of West Hollywood, just moments from celebrated restaurants, shopping, nightlife, entertainment and everyday conveniences. A rare opportunity to acquire an income-producing property with additional garage revenue and significant future upside in one of Los Angeles’ most desirable rental markets.
No exterior & parking available.
No sensitive facilities data found.
Sep 2, 2026
$1,699,900
$1,749,900
-3% Price Drop
Initial Listing
Jul 24, 2026
$1,749,900
Initial Listing