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.
Property Details
Price:
$2,795,000
MLS #:
25517995
Status:
Active
Baths:
0
Address:
8720 Ashcroft Avenue
Type:
Residential Income
Neighborhood:
c10westhollywoodvicinity
City:
West Hollywood
Listed Date:
Mar 29, 2025
State:
CA
ZIP:
90048
Lot Size:
5,179 sqft / 0.12 acres (approx)
Year Built:
1927
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Schools
Interior
Cooling
None
Heating
None
Exterior
Lot Features
Value In Land
Parking Features
Driveway, Gated
Parking Spots
4.00
Sewer
Other
Stories Total
2
Financial
Map
Community
- Address8720 Ashcroft Avenue West Hollywood CA
- AreaC10 – West Hollywood Vicinity
- CityWest Hollywood
- CountyLos Angeles
- Zip Code90048
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8720 Ashcroft Avenue
West Hollywood, CA
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