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$2,777,558
Listing Price$2,500,000Est. Opening Bid3beds
3baths
4,125sqft
12,175sqft lot
1651 Marlay Dr, West Hollywood, CA 90069
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Bank Owned
For Sale
Home type
Price / sqft
Year built
Home Details
Calling all investors, developers, and visionaries. This is a rare opportunity to acquire a premier Hollywood Hills property above the Sunset Strip with RTI (Ready-to-Issue) plans and permits already in place for a comprehensive transformation. Located just moments from Chateau Marmont and the world-famous Sunset Strip, 1651 Marlay Drive offers sweeping city views, exceptional privacy, and the opportunity to create a truly remarkable luxury estate in one of Los Angeles' most coveted neighborhoods. The approved plans envision a dramatic redesign featuring expansive living and entertaining spaces, multiple bedrooms and baths, a wine cellar, resort-style outdoor areas, a new pool, and a fully realized lower level complete with a lounge, nanny suite, sauna, steam room, cold plunge, and additional amenities. The design maximizes the property's hillside setting while capturing breathtaking city views throughout. The property has experienced substantial water damage and will require extensive renovation and reconstruction, making it ideally suited for developers, builders, investors, or end users seeking to create a custom residence. The true value lies in the location, the approved plans, and the significant time savings associated with obtaining permits and moving a project of this scale forward. Whether you're looking for your next luxury development project or an opportunity to build a custom estate without starting from scratch, 1651 Marlay Drive presents a compelling combinati
Interior Details
4125
3
3
Has Heating:
Yes
Heating Type:
Central
Has Cooling:
Yes
Cooling Type:
Central
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
12175
Yes
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Conventional
N/A
N/A
Hip
Composition Shingle
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$5,161
$2,000,000
$225,000
--%
$2,225,000
2019
$5,161
$95,217
$284,546
--%
$379,763
2018
$5,042
$93,350
$278,967
--%
$372,317
2017
$4,945
$91,520
$273,498
--%
$365,018
2016
$4,758
$89,726
$268,136
--%
$357,862
2014
$4,719
$86,648
$258,936
--%
$345,584
2013
$4,713
$86,257
$257,766
--%
$344,023
2012
$4,621
$84,566
$252,712
--%
$337,278
Average Home Price in 90069
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Bank Owned Details for 1651 MARLAY DR
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In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles





