1029 N Orange Grove Avenue, West Hollywood, California 90046, West Hollywood, 90046 - bed, bath
ACTIVE$2,199,000
1029 N Orange Grove Avenue, West Hollywood, California 90046
0Bed
0Bath
2,622Sqft
6,395Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime West Hollywood Location: Conveniently located in the heart of West Hollywood, offering excellent walkability to famous restaurants, shopping centers, bars, and clubs.
Top Cons:
Age of Property: Built in 1930, the existing structures may require significant renovation, updates, or demolition to realize the full development potential.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1930 (95 years old).
Condition: Built in 1930, this triplex shows no evidence of major renovations in many decades, likely over 50 years. The kitchens feature extremely dated white appliances, basic laminate countertops, worn cabinets, and old linoleum/vinyl flooring. Bathrooms are equally outdated with old tile, basic vanities, and fixtures. While the property is described as livable, it requires substantial repairs and rehabilitation, including a complete overhaul of kitchens, bathrooms, and likely major systems (plumbing, electrical, HVAC) to meet modern standards, making it very uncomfortable in its current state.
Year Built
1930
Close
-
List price
$2.2M
Original List price
$2.4M
Price/Sqft
$839
HOA
-
Days on market
-
Sold On
-
MLS number
SR25019148
Home ConditionPoor
Features
View-
About this home
Amazing opportunity in West Hollywood to own triplex property consistent of two buildings. Live in one unit and rent out the other two or if you have some ideas of building new multi-unit property this project can be a perfect fit. Last pictures were taking from the top of the garage, and you can see the possibility of the unobstructed views that are possible if 3 story building is constructed. Views are from West to East, all the way to Hollywood sign. Conveniently located in the heart of West Hollywood, walking distance to your famous restaurants, shopping centers, bars, and clubs.
Condition Rating
Poor
Built in 1930, this triplex shows no evidence of major renovations in many decades, likely over 50 years. The kitchens feature extremely dated white appliances, basic laminate countertops, worn cabinets, and old linoleum/vinyl flooring. Bathrooms are equally outdated with old tile, basic vanities, and fixtures. While the property is described as livable, it requires substantial repairs and rehabilitation, including a complete overhaul of kitchens, bathrooms, and likely major systems (plumbing, electrical, HVAC) to meet modern standards, making it very uncomfortable in its current state.
Pros & Cons
Pros
Prime West Hollywood Location: Conveniently located in the heart of West Hollywood, offering excellent walkability to famous restaurants, shopping centers, bars, and clubs.
Income-Generating Triplex: The property is a triplex, providing an immediate opportunity for rental income, with the flexibility to live in one unit and rent out the other two.
Significant Development Potential: Offers a strong opportunity for building a new multi-unit property, maximizing the use of the lot in a desirable area.
Unobstructed View Potential: Potential for unobstructed views, including the Hollywood Sign, from West to East, if a 3-story building is constructed.
Versatile Investment Opportunity: Appeals to both owner-occupants seeking rental income and developers looking for a project with high upside in a prime location.
Cons
Age of Property: Built in 1930, the existing structures may require significant renovation, updates, or demolition to realize the full development potential.
Recent Price Reduction: The list price has been reduced from $2,399,999 to $2,199,000, which could suggest initial overpricing or challenges in attracting buyers.
Requires Substantial Investment: Achieving the described development potential and capitalizing on the views necessitates significant capital expenditure and construction effort beyond the current state.