1240 N Olive Drive, West Hollywood, California 90069, West Hollywood, 90069 - 3 bed, 3 bath
1240 N Olive Drive
West Hollywood, California 90069
Property Price
SUMMARY
Analysis of 1240 N Olive Drive, West Hollywood, California 90069 reveals a property with a current list price of $2,299,000, which is 13% above the estimated $2,024,914 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the West Hollywood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1240 N Olive Drive Subject | $2,299,000* List Price | 3 | 3 | 1,749 | $1,158 | - |
A 1612 Sunset Plaza Drive Sold | $2,100,000 | 3 | 3 | 1,747 | $1,202 | 0.7 mi |
B 1342 Miller Drive Active | $1,695,000 List Price | 3 | 2 | 1,500 | $1,130 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1922 Spanish-style residence is move-in ready and features high-end modern updates. The property includes a chef's kitchen with Viking appliances and Carrera marble, updated bathrooms, central HVAC, and recessed lighting. While the home is historic, the quality of the renovations and the well-maintained outdoor entertaining suite indicate significant updates within the 5 to 15-year range, meeting the criteria for 'good' condition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Prime West Hollywood Location
Situated just steps from the iconic Sunset Strip, this property offers unparalleled walkability and access to world-class dining, shopping, and nightlife in one of Los Angeles' most desirable neighborhoods.
- Exceptional Outdoor Entertaining
The expansive backyard is a rare private retreat featuring a built-in Viking BBQ, outdoor bar, fire pit, and an 8-person spa, perfectly designed for the Southern California indoor-outdoor lifestyle.
CONSRISKS & DEFICIENCIES
- Compact Interior Proportions
At approximately 1,749 sq. ft. for a 3-bedroom home, the interior living spaces may feel somewhat confined for buyers accustomed to more expansive modern floor plans at this price point.
- Lack of Scenic Views
Despite its proximity to the hills and the Sunset Strip, the property listing indicates no significant views, which may be a drawback for luxury buyers seeking city lights or canyon vistas.
About 1240 N Olive Drive
Built in 1922 and located just steps from the Sunset Strip in the heart of West Hollywood, this private Spanish-style residence blends classic "Old Hollywood" architecture with thoughtful modern updates. Set on a secluded 6,847 sq. ft. lot, the 3-bedroom, 3-bathroom home offers approximately 1,749 sq. ft. of light-filled living space designed for effortless indoor-outdoor living and entertaining. The open floor plan features hardwood floors, recessed lighting, a fireplace, and central HVAC, along with a chef’s kitchen appointed with Viking appliances and honed Carrera marble countertops. The expansive backyard is a true private retreat, complete with a built-in Viking BBQ, outdoor refrigerator and ice maker, bar area, fire pit, and an 8-person spa—ideal for entertaining and relaxation. A spacious 2-car garage provides additional storage and convenience. A separate approximately 400 sq. ft. storage area beneath the home, accessed through a full-sized door, offers exceptional flexibility—perfect for storage, a wine cellar, studio, or private office. Offering privacy and style just moments from West Hollywood’s premier dining, shopping, and nightlife, this exceptional home delivers the best of Southern California living.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1922
- Lot Size
- 6,847 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
West Hollywood Unified Schools
Rosewood Avenue Elementary School, School for Advanced Studies
Grades K-6 • 0.8 mi
West Hollywood Elementary School
Grades K-5 • 0.8 mi
Gardner Street Elementary School
Grades K-6 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 4.0 | 42% |
| Square foot | 1,749 | 2,694 | 20% |
| Lot Size | 6,847 | 7,902 | 43% |
| Price | $2.30M | $2.85M | 33% |
| Price per sq ft | $1.3K | $1.1K | 70% |
| Built year | 1922 | 1951 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 181 | 3% |
Pricing History
Listed for Sale
Feb 23, 2026
$2,299,000
Initial Listing
Sold
Aug 28, 2014
$1,680,016
Public Record
Sold
May 21, 2012
$900,000
Public Record