1029 N Orange Grove, West Hollywood, California 90046, West Hollywood, 90046 - 0 bed, 0 bath
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West Hollywood, California 90046
This Prime West Hollywood Triplex represents a High-Potential Investment Opportunity listed at $1,899,000, closely aligned with its $1,831,130 Fair Market Value. Currently holding a Fair Condition Rating, the asset generates immediate cash flow through three units and three separate garages. The primary value lies in the significant Redevelopment Potential, with zoning that may allow for up to seven units and future unobstructed Hollywood Sign Views. Located in a premier walkable district, this is a strategic acquisition for Developers and Value-Add Investors seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1029 N Orange Grove Subject | $1,899,000* List Price | 0 | 0 | 2,622 | $698 | - |
A 1253 N Orange Grove Sold | $1,700,000 | 0 | 0 | 2,980 | $570 | 0.3 mi |
B 732 N Crescent Heights Sold | $1,750,000 | 0 | 0 | 2,370 | $738 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1930, this triplex is functional and currently income-generating but shows significant age. While there are some mid-range updates (e.g., granite vanity in the bathroom), the overall condition is dated with older windows and weathered exterior structures. The listing's heavy emphasis on redevelopment potential and land value further supports a 'fair' rating for the existing improvements.
The property offers significant value-add potential with the ability to build up to five units plus two low-income units, subject to city approval, in a high-demand submarket.
Situated in an exceptional location within walking distance to world-class dining, shopping, and nightlife, ensuring consistently high tenant demand and long-term appreciation.
The triplex configuration across two separate buildings, combined with three garages rented separately, provides multiple revenue sources and immediate cash flow for investors.
Built in 1930, the property likely requires significant capital expenditure for modernization or repairs to maintain its competitive edge if not fully redeveloped.
Realizing the maximum density and unobstructed views is contingent upon navigating complex city approvals and the costs associated with three-story construction.
Prime West Hollywood triplex consisting of two separate buildings with excellent income and redevelopment potential. Ideal opportunity to live in one unit and rent the others or explore future multi-unit development. Photos taken from the top of the garage illustrate the potential for unobstructed west-to-east views, including views toward the Hollywood Sign, if a three-story structure is developed. Per the City of West Hollywood, with approximately 1,500 sq ft per unit, there may be potential to build up to five units, plus two additional low-income units, subject to city approval. Property includes three garages currently rented separately from the units, providing additional income. Exceptional location within walking distance to renowned restaurants, shopping, nightlife, and entertainment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,622 | 2,451 | 71% |
| Lot Size | 6,395 | 6,503 | 29% |
| Price | $1.90M | $1.75M | 57% |
| Price per sq ft | $724 | $738 | 29% |
| Built year | 1930 | 1925 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 94 | 162 | 14% |
Apr 20, 2026
$1,899,000
$1,988,000
-4% Price Drop
Initial Listing
Jan 18, 2026
$1,988,000
Initial Listing