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1240 N Olive Drive, West Hollywood, California 90069, West Hollywood, 90069 - 3 bed, 3 bath

1240 N Olive Drive, West Hollywood, California 90069 home-pic-0
ACTIVE$2,995,000
1240 N Olive Drive, West Hollywood, California 90069
3Beds
3Baths
2,162Sqft
6,847Lot
Year Built
1922
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
$1,385
HOA
-
Days on market
-
Sold On
-
MLS number
24408239
Home ConditionExcellent
Features
Deck
Spa
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 35% below the list price. We found 3 Cons,6 Pros. Rank: price - $3.00M(42th), sqft - 2162(29th), beds - 3(50th), baths - 3(38th).

Newly priced and perfect as an investment with a new tenants in place! Welcome to Villa Olive! Nestled on a large and secluded 6,847 sq. ft. lot, this stunning Spanish style home offers the perfect blend of elegance and comfort. Boasting 1,749 sq. ft. of living space, this home features 3 bedrooms and 3 bathrooms, providing ample space for relaxation and entertainment. As you approach, you'll be greeted by the charm of a beautifully landscaped front yard, inviting you into your own private oasis. Step inside to discover a spacious and inviting interior, where the warmth of Spanish architecture meets modern living. The heart of this home lies in its expansive backyard, where endless possibilities for outdoor enjoyment await. Host unforgettable gatherings with friends and family in the sprawling BBQ area, complete with a fridge , an ice maker, and bar perfect for mixing cocktails and creating lasting memories. As the Sun sets, gather around the fire pit to unwind and share stories under the starlit sky, or indulge in a soothing soak in the 8 seater jacuzzi. For those who appreciate the convenience of a well-appointed garage, this property offers a spacious 413 sq.ft. 2-car garage, providing ample storage space for your vehicles and outdoor gear. Located in a secluded setting yet just a stone's throw away from the best amenities and attractions that West Hollywood has to offer, Villa Olive offers the best of both worlds privacy and convenience. Don't miss your chance to make this enchanting retreat your own! Your dream home is out there! Total square footage includes 1,749 sq. ft. house plus 413 sq. ft. garage.

Nearby schools

4/10
Rosewood Avenue Elementary School, School for Advanced Studies
Public,•K-6•0.8mi
9/10
West Hollywood Elementary School
Public,•K-5•0.8mi
7/10
Gardner Street Elementary School
Public,•K-6•1.3mi
3/10
Laurel Elementary School
Public,•K-8•0.7mi
8/10
Hawthorne Elementary School
Public,•K-8•2.0mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•2.2mi
7/10
John Burroughs Middle School
Public,•6-8•2.9mi
7/10
Fairfax Senior High School
Public,•9-12•1.0mi
6/10
Hollywood Senior High School
Public,•9-12•2.0mi
9/10
Beverly Hills High School
Public,•9-12•3.0mi

Price History

Date
Event
Price
08/28/14
Sold
$1,680,016
05/21/12
Sold
$900,000
Condition Rating
Excellent
Despite being built in 1922, this Spanish-style home has undergone extensive, high-quality renovations that bring it to modern standards. The kitchen features contemporary white shaker cabinets, subway tile backsplash, and stainless steel appliances, appearing virtually new. Throughout the visible interior, dark hardwood floors are in excellent condition, complemented by modern light fixtures and recessed lighting. The outdoor spaces are also meticulously updated with a sprawling BBQ area, fire pit, and 8-seater jacuzzi, all in pristine condition. While direct bathroom images are not provided, the consistent modern aesthetic and quality of the rest of the property strongly suggest they are similarly updated. The property meets current quality standards with no visible deferred maintenance in its renovated areas.
Pros & Cons

Pros

Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Prime West Hollywood Location: Nestled in a secluded setting, the property offers privacy while being just a stone's throw away from West Hollywood's best amenities and attractions.
Investment Opportunity: The property is newly priced and presented as an ideal investment, with new tenants already in place, providing immediate rental income.
Extensive Outdoor Entertainment: The expansive backyard features a sprawling BBQ area with a fridge, ice maker, and bar, a fire pit, and an 8-seater jacuzzi, perfect for entertaining.
Generous & Secluded Lot: Situated on a large and secluded 6,847 sq. ft. lot, the property offers ample outdoor space and a private oasis feel.
Spacious 2-Car Garage: A spacious 413 sq. ft. 2-car garage provides ample parking and storage, a valuable asset in this urban environment.

Cons

Significant Price Discrepancy: The listing price of $2,995,000 is substantially higher than the estimated property value of $1,933,095, suggesting it may be overpriced relative to market estimations.
Lack of Desirable Views: The property explicitly states 'None' for views, which can be a disadvantage in a market where scenic views often command a premium.
Historic Property Age: Built in 1922, the home is over 100 years old, which may imply potential for higher maintenance costs or the need for significant system and structural updates.

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