2284 Holly Drive, Los Angeles, California 90068, Los Angeles, 90068 - 0 bed, 0 bath
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2284 Holly Drive
Los Angeles, California 90068
ACTIVE
CONDITION: TEAR DOWN
0Beds
0Baths
2,906Sq Ft
22,540Lot Size
Property Price
LIST PRICE$1,650,000
EST. MARKET VALUE
$1,559,578
5% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a Triplex listed at $1,650,000, positioned well below the $1,559,579 Fair Market Value by -5%. Featuring a 22,540 SF double lot and a Condition Rating of 6, the property offers significant upside for developers. The site includes three dwelling units and four garages, providing immediate rental income while planning a custom build. This is a strategic Asset for Buy-and-Hold Investors or Developers seeking to leverage the expansive, mostly flat Hollywood Hills land.
Estimated Market Value
$1,559,578
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2284 Holly Drive Subject 0 bd · 0 ba · 2,906 sqft · $537 | $1,650,000* List Price | 0 | 0 | 2,906 | $537 | - |
A 2132 Alcyona Sold 4 bd · 2 ba · 2,381 sqft · $565 · 0.3 mi | $1,345,000 | 4 | 2 | 2,381 | $565 | 0.3 mi |
B 2132 Alcyona Sold 0 bd · 0 ba · 2,381 sqft · $565 · 0.3 mi | $1,345,000 | 0 | 0 | 2,381 | $565 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1920 (>50 years old) with no signs of recent renovations. The exterior shows significant weathering, the grounds are overgrown, and the bathroom is severely outdated. The listing is explicitly marketed as a prime developer/builder opportunity to build a new custom home, indicating the value is primarily in the land.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Development Potential
The expansive 22,540 SF double lot is remarkably large for the Hollywood Hills and features a mostly flat topography, providing a rare and versatile canvas for a luxury custom estate or multi-unit expansion.
- Income-Generating Versatility
Configured as a triplex with three separate dwelling units and four garages, the property offers immediate rental income potential, making it an ideal opportunity for an owner-user or a developer seeking to offset carrying costs.
- Favorable Acquisition Terms
The seller's willingness to consider owner financing offers a strategic advantage in the current market, providing greater flexibility for buyers to secure the site and manage capital for future construction.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =22540, other record lot size in square feet = 13916.
- Significant Modernization Required
With the original structures dating back to 1920, the property likely requires extensive renovation or a complete rebuild to meet modern luxury standards, necessitating a substantial additional investment.
- Regulatory and Zoning Complexity
Future development is subject to stringent Los Angeles hillside ordinances and governmental approvals, which can result in lengthy permitting timelines and increased project soft costs.
About 2284 Holly Drive
Prime Developer/Builder Opportunity - 13,880 SF + 8,660 SF (Double Lot total = 22,540 SF) Unique opportunity to create your dream home while generating income from two additional units (3 separate dwelling units total + 4 single car garages). Situated on two adjacent parcels totaling approximately 22,540 square feet, the property offers exceptional flexibility and long-term potential. Remodel the existing front residence or explore building a new custom home while retaining the two rear units as income-producing rentals. The adjoining undeveloped parcel provides additional space for outdoor living, gardens, recreation, or future development. In addition to the 4 single garages (2 currently leased) - the mostly flat site features easy road access and convenient curb parking. An ideal opportunity for an owner-user seeking a spacious residential property with supplemental rental income. Development and use possibilities are subject to applicable zoning, permits, and governmental approvals. Owner to consider financing.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1920
- Lot Size
- 22,540 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Cheremoya Avenue Elementary School
Grades K-6 • 0.7 mi
6/10
Selma Avenue Elementary School
Grades K-6 • 0.9 mi
4/10
Valley View Elementary School
Grades K-6 • 1.2 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,906 | 2,090.331 |
| Lot Size | 22,540 | 5,852.908 |
| Price | $1.65M | $830.9K |
| Price per sq ft | $568 | $394 |
| Built year | 1920 | 1928 |
| HOA | $0 | $0 |
| Days on market | 83 | 87 |
Pricing History
Listed for Sale
Aug 18, 2026
$1,650,000
Initial Listing
Sold
Sep 14, 2017
$1,200,000
Public Record