West Hollywood, CA 90048,8720 Ashcroft Ave
West Hollywood, CA 90048,8720 Ashcroft Ave
West Hollywood, CA 90048,8720 Ashcroft Ave
11
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$2,795,000
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4 Beds
2 Baths
2,244 SqFt
Active

8720 Ashcroft Ave West Hollywood, CA 90048

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Key Details

Property Type Multi-Family

Sub 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

Year Built 1927

Lot Size 5,179 Sqft

Acres 0.1196

Property Sub-Type Multi-Family

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 West Hollywood Vicinity

Zoning WDR1B*

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Driveway, Gated

Garage Spaces 4.0

Building

Lot Description Lot-Level/Flat, Value In Land

Story 2

Sewer In Street

Water Public

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Carolwood Estates

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agent

Hunter Scholl

The Right Hand | RE.S. 197305

+1(702) 575-1320

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8720 Ashcroft Ave