1260 Ozeta Terrace, West Hollywood, CA 90069

Property Description

Trophy income-producing property in prime West Hollywood, located just north of Sunset Blvd, offers solid income, exceptional development potential, and stunning views. This well-maintained traditional-style triplex sits on a large 6,713 sq ft lot zoned R4 and features three fully occupied units across two free-standing buildings, with approximately 2,960 rentable square feet. With month-to-month tenants in place, the property delivers stable income today with significant potential for tomorrow, ideal for an owner-user looking to live in one unit while renting the other two, an investor eyeing strong rental upside in a premier location, or a developer ready to unlock the site's full potential under AB1287, with the possibility of building up to 20 units (buyer to verify all proposed changes and entitlements with the City of West Hollywood). The front two-story duplex holds a lower 2-bedroom, 1-bath unit and a matching upper unit, both beautifully remodeled and boasting sweeping city views. The rear bungalow is a charming 1-bedroom, 1-bath accompanied by a relaxing open space, private patio, and tranquil Zen Garden. Each unit enjoys its own carport parking, with a separate laundry room serving the building. Surrounded by multimillion-dollar homes and just below the coveted Bird Streets, the property sits in one of West Hollywood's most desirable neighborhoods, with easy access to the city's world-renowned destinations like Soho House, The Roxy, The Viper Room, and Chateau Marmont. The Sunset Strip is emerging as a hub for high-end development and this is a rare chance to acquire a prime asset in one of LA's most sought-after locations. Please do not disturb tenants or walk the property.