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.
This property is $1.8M more than the Median Sold Price and $565/SqFt more than other homes in West Hollywood, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24408239
Listing Office:
Office Name: Engel & Volkers Beverly Hills
Office Phone: (310) 777-7510
Listing Agent: Dan Malka
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 7:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Aug 28, 2014
Aug 28, 2014Home Sold
$1,680,000
May 21, 2012
May 21, 2012Home Sold
$900,000
Jun 06, 1989
Jun 06, 1989Home Sold
$412,000
May 12, 1988
May 12, 1988Home Sold
$357,273
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$22,424
$1,865,340
2020
$21,677
$1,846,214
2019
$21,514
$1,810,014
2018
$21,077
$1,774,524
2017
$21,077
$1,739,731
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
West Hollywood Elementary
970 Hammond St
Distance between this listing and this school0.83 miles
Public District Grades KG-5
5
/10
Rosewood Avenue Elementary
503 N Croft Ave
Distance between this listing and this school0.84 miles
Public District Grades KG-5
4
/10
Gardner Street Elementary
7450 Hawthorn Ave
Distance between this listing and this school1.32 miles
Public District Grades PK-5
Nearby Schools
6
/10
Laurel School
925 N Hayworth Ave
Distance between this listing and this school0.70 miles
Public District Grades KG-8
8
/10
Horace Mann School
8701 Charleville Blvd
Distance between this listing and this school1.97 miles
Public District Grades KG-8
8
/10
Hawthorne School
624 N Rexford Dr
Distance between this listing and this school1.98 miles
Public District Grades KG-8
Nearby Schools
8
/10
Larchmont Charter
1265 N Fairfax Ave
Distance between this listing and this school0.67 miles
Public Charter Grades KG-12
6
/10
Fairfax High School
7850 Melrose Ave
Distance between this listing and this school1.05 miles
Public District Grades 9-12
3
/10
Whitman Continuation
7795 Rosewood Ave
Distance between this listing and this school1.18 miles
The neighbors living near this home have an average income of $72,772. Most West Hollywood, CA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1240 N Olive Dr
What is the listing price of this property?
The listing price of 1240 N Olive Dr property is $2,995,000.
What type of property is this?
The property 1240 N Olive Dr is a house located in West Hollywood, California, 90069.
Is this property for sale now?
Active Listing: 1240 N Olive Dr is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $22,424 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 28, 2014 for $1,680,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1240 N Olive Dr has 3 bedrooms and 3 bathrooms.
What is the square footage of this property?
The property 1240 N Olive Dr is 2,162 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1240 N Olive Dr is 1922.
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This home is located at 1240 N Olive Dr in West Hollywood, CA and zip code 90069 in the Central LA neighborhood. This 2,162 square foot home, which was built in 1922, sits on a 0.16 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 20, 2024 and is currently priced at $2,995,000.
While more than 2 listings in West Hollywood, CA in October 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 21 were sold below. The inventory of homes for sale in West Hollywood, CA between September 2024 and October 2024 increased by 21.4%. The median list price of listings available in October 2024 was $1,110,555, while the average time on the real estate market was 63 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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