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
$1,576,070
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,650,000—positioned above the $1,576,071 Fair Market Value. While the property carries a Condition Rating of 6, the massive 16,786 SF double lot and Triplex configuration offer significant upside for developers. The site features Canyon Views and provides immediate rental income potential from three units and four garages. This is a strategic acquisition for Developer/Builders or Buy-and-Hold Investors looking to leverage land value and zoning flexibility in the Hollywood Hills.
Estimated Market Value
$1,576,070
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 | $1,650,000* List Price | 0 | 0 | 2,906 | $542 | - |
A 2132 Alcyona Active | $1,250,000 List Price | 4 | 2 | 2,381 | $525 | 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 (104 years old) with no record of major renovations, this property is explicitly marketed as a 'Developer/Builder Opportunity.' The interior images show severely dated bathrooms with significant wear and aging fixtures, while the exterior shows neglect. The listing's focus on the 16,786 SF lot and the potential for a 'new custom home' indicates the value is primarily in the land.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Development Potential
The massive 16,786 SF double lot is a rare find in the Hollywood Hills, offering developers or owner-users significant space to build a custom estate or modernize the existing structures.
- Income-Producing Versatility
With three separate dwelling units and four single-car garages, the property provides immediate rental income potential, making it an ideal 'house-hack' or multi-generational living opportunity.
- Favorable Topography
The site is described as mostly flat with easy road access and canyon views, which is highly desirable in hillside real estate as it simplifies construction and enhances usable outdoor space.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =16786, other record lot size in square feet = 13916.
- Dated Infrastructure
Built in 1920, the existing structures likely require substantial capital investment for modern upgrades, repairs, or a complete rebuild to meet current market standards.
- Entitlement Risks
Future development and use possibilities are strictly subject to Los Angeles zoning and governmental approvals, which can be a lengthy and complex process for buyers unfamiliar with local regulations.
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 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,906 | 2,187.451 |
| Lot Size | 22,540 | 5,841.385 |
| Price | $1.65M | $841.5K |
| Price per sq ft | $568 | $385 |
| Built year | 1920 | 1928 |
| HOA | $0 | $0 |
| Days on market | 22 | 85 |
Pricing History
Listed for Sale
Aug 18, 2026
$1,650,000
Initial Listing
Sold
Sep 14, 2017
$1,200,000
Public Record