1651 Marlay Drive
West Hollywood, CA, 90069
$3,800,000
MLS: 26845789
Beds
3
Baths
4
Sq Ft
4,125
Lot
0.28 ac
Year Built
1980
MLS #
26845789
Days on Market
6
Listed
Jun 8, 2026
Description
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 combination of location, vision, and upside potential. Bring your architect, your builder, and your imagination. Much of the groundwork has already been done.
Location
West Hollywood, Los Angeles County, CA 90069
Open on Google Maps ↗Listed by: Drew Smyth · Real Broker
Payment estimate
$27,345
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $380,000 · Loan: $3,420,000
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $21,662
- Property tax (1.25%)
- $3,958
- Homeowners insurance
- $300
- Mortgage insurance
- $1,425
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this West Hollywood home with as little as 3.5% down using an FHA loan — roughly $133,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See West Hollywood, CA 90069 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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