If you own a development site or underutilized parcel in West Hollywood, this closed transaction is a data point you cannot afford to ignore.
Maher Commercial Realty just closed 8553 West Knoll Drive in West Hollywood West for $2,060,000 — a 7,705 square foot R4-zoned parcel two blocks from the Sunset Strip, previously entitled for 5 luxury townhomes. The firm represented both the buyer and seller.
In this video, Nicole Lu of Maher Commercial Realty breaks down:
▶ Why West Hollywood West remains one of the most supply-constrained development corridors in all of Los Angeles
▶ What R4-zoned lots near the Sunset Strip are actually worth in today’s market
▶ Why the buyer pool for well-located entitled sites in this submarket is deep and active right now
▶ What owners of older buildings and underutilized parcels along the Sunset Strip corridor should know today
Most owners sitting on R4-zoned land in this corridor are holding more value than they realize. This transaction proves it.
📍 Maher Commercial Realty — Beverly Hills. Development land and investment property across Greater Los Angeles.
📩 Own land or an older building in West Hollywood or along the Sunset Strip corridor? Visit mahercr.com or send us a DM to find out what your property is worth right now.
🔔 Subscribe to Maher Commercial Realty for the latest closings, listings, and market insights across Greater Los Angeles.
