1029 N Orange Grove, West Hollywood, California 90046, West Hollywood, 90046 - bed, bath
ACTIVE$1,988,000$2,622/sqft
1029 N Orange Grove, West Hollywood, California 90046
0Bed
0Bath
2,622Sqft
6,395Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Walkability: Exceptional West Hollywood location offering walking distance to renowned restaurants, shopping, nightlife, and entertainment, appealing to a broad tenant base.
Top Cons:
Age of Existing Structures: Built in 1930, the current buildings likely require significant capital investment for modernization, deferred maintenance, or to bring them to contemporary market standards.
Compared to the nearby listings
Price:$1.99M vs avg $1.65M (+$334,000)50%
Size:2,622 sqft vs avg 2,147 sqft50%
Price/sqft:$758 vs avg $77450%
More Insights
Built in 1930 (96 years old).
Condition: Built in 1930, the property is significantly aged. While some units show recent updates in kitchens (granite countertops, wood cabinets, black appliances) and bathrooms (updated vanities, tiled showers), other units remain very dated with older fixtures and finishes. The presence of wall AC units and wall heaters indicates outdated major systems. The overall condition is a mix, suggesting regular upkeep and some updates, but not a comprehensive recent renovation across all units. The listing description itself notes the 'Age of Existing Structures' and the likelihood of requiring 'significant capital investment for modernization, deferred maintenance, or to bring them to contemporary market standards,' aligning with the 'Fair' category where minor updates or repairs are needed, and major components show signs of being outdated.
Year Built
1930
Close
-
List price
$1.99M
Original List price
$1.99M
Price/Sqft
$758
HOA
-
Days on market
-
Sold On
-
MLS number
SR26012420
Home ConditionFair
Features
Patio
View-
About this home
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.
E
Edward Frish
Listing Agent
Condition Rating
Fair
Built in 1930, the property is significantly aged. While some units show recent updates in kitchens (granite countertops, wood cabinets, black appliances) and bathrooms (updated vanities, tiled showers), other units remain very dated with older fixtures and finishes. The presence of wall AC units and wall heaters indicates outdated major systems. The overall condition is a mix, suggesting regular upkeep and some updates, but not a comprehensive recent renovation across all units. The listing description itself notes the 'Age of Existing Structures' and the likelihood of requiring 'significant capital investment for modernization, deferred maintenance, or to bring them to contemporary market standards,' aligning with the 'Fair' category where minor updates or repairs are needed, and major components show signs of being outdated.
Pros & Cons
Pros
Prime Location & Walkability: Exceptional West Hollywood location offering walking distance to renowned restaurants, shopping, nightlife, and entertainment, appealing to a broad tenant base.
High Redevelopment Potential: Significant opportunity to build up to five units, plus two additional low-income units (total 7 units), subject to city approval, maximizing land use and future value.
Existing Income-Generating Asset: Current triplex with three units and additional income from separately rented garages provides immediate cash flow and a foundation for investment.
Flexible Investment Strategy: Offers versatility for an owner-occupant to live in one unit and rent the others, or for a pure investor seeking multi-unit income and long-term appreciation.
Future View Potential: Redevelopment into a three-story structure could unlock unobstructed west-to-east views, including the iconic Hollywood Sign, adding significant value.
Cons
Age of Existing Structures: Built in 1930, the current buildings likely require significant capital investment for modernization, deferred maintenance, or to bring them to contemporary market standards.
Development Subject to Approval: The substantial redevelopment potential is contingent on 'city approval,' which introduces uncertainty, potential for delays, and additional costs for permits and entitlements.
Limited Current Unit Details: The description focuses on future potential, providing limited information on the current condition, layout, or specific features of the individual units, making it challenging to assess immediate rental performance or required upgrades without further inspection.