11
See all 11 photos
$2,795,000
Est. payment /mo
4 Beds
2 Baths
2,244 SqFt
New
8720 Ashcroft AVE West Hollywood, CA 90048
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,244 sqft
Price per Sqft $1,245
MLS Listing ID 25517995
Bedrooms 4
HOA Y/N No
Year Built 1927
Lot Size 5,179 Sqft
Property Description
Situated in the heart of West Hollywood, this property is a prime teardown opportunity, offering exceptional potential for an investor, developer, or owner-user looking to build their dream home. Since purchasing, the current owner has taken significant steps to prepare the property for redevelopment, including complete asbestos and lead reports, a site survey, and soil reports. Currently vacant and heavily gutted, the property sits on an expansive lot in a highly desirable location, presenting a rare opportunity to rebuild a Single Family Home + ADU or a Duplex in one of LA's most sought-after neighborhoods. The owner can provide documentation supporting exemption from low-income/affordable unit replacement requirements. The property is subject to the West Hollywood Rent Stabilization Ordinance, but it is being delivered vacant and without tenants. Therefore, any newly constructed units at the property can be listed for market rates. Don't miss this opportunity to redevelop this West Hollywood gem! Property to be sold as-is / teardown. Any buyers and/or agents wishing to tour must sign a liability waiver.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR1B*
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Driveway, Gated
Total Parking Spaces 4
Building
Lot Description Value In Land
Story 2
Entry Level Two
Sewer Other
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4336003010
Special Listing Condition Standard
Listed by Sam Collins • Carolwood Estates