
West Hollywood, California 90069
This Income-Generating Compound represents a Strong Value Opportunity, listed at $2,495,000, which aligns perfectly with its $2,495,000 Fair Market Value. Featuring a Mint Condition Rating following high-quality renovations, this property includes a vacant front cottage and a rear triplex with 15-ft exposed wood beam ceilings. Located one block from Melrose Avenue, it offers exceptional walkability and access to Top-Rated Schools like West Hollywood Elementary. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through passive rental income.
Property is new construction or fully renovated.
Despite the 1926 build date, the property has undergone high-quality renovations within the last 5 years. Interior images show modern bathrooms with updated vanities, subway tiling, and glass showers, along with pristine hardwood flooring and updated fixtures, meeting the criteria for mint condition.
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
This rare West Hollywood compound features a vacant front cottage and a rear triplex, offering a perfect 'live-and-earn' opportunity for owner-users to offset their mortgage with rental income.
Situated just one block from Melrose Avenue, the property boasts an exceptional walkability score, placing world-class dining, shopping, and coffee shops right at the resident's doorstep.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2966, other record living area = 2900.
Originally built in 1926, the property may require significant capital expenditure for modernizing systems or structural repairs typical of century-old buildings.
With over 60 days on the market and a recent $200,000 price reduction, the listing may face perception challenges regarding its initial valuation or underlying condition.
Live in front, earn in back. This rare West Hollywood compound blends lifestyle with passive income. Just one block from Melrose Avenue, the property features a private, vacant standalone two-bedroom cottage in front, with a detached rear triplex tucked behind. The rear building includes two vacant 1-bd/1-ba units with dramatic 15-ft exposed wood beam ceilings and a tenant-occupied studio and additional vacant bonus space that can be used as office or storage down below. The 1-car garage, private 4-car tandem parking, and resident street passes completes the package. A seamless live-and-earn opportunity in one of WeHo's most walkable pockets, ideal for an owner-user looking to offset the mortgage or an investor looking to expand their portfolio. The best of West Hollywood, coffee, dining, and shopping, is right outside your door. Ready for an owner-user! *Offering Memorandum available.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-6 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,966 | 1,803.5 |
| Lot Size | 5,773 | 6,002 |
| Price | $2.50M | $1.93M |
| Price per sq ft | $841 | $1.3K |
| Built year | 1926 | 1933 |
| HOA | $0 | $0 |
| Days on market | 93 | 66 |
May 28, 2026
$2,495,000
$2,695,000
-7% Price Drop
Initial Listing
Apr 20, 2026
$2,695,000
Initial Listing
Sep 6, 2019
$2,265,000
Public Record
Jan 3, 2002
$629,000
Public Record