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1651 Marlay, West Hollywood, CA 90069

$2.7M3bd · 3ba · 4,125 sqft
Lot 12,171 sqft•Single Family Residence•
Active
•13d on market•MLS# PW-26220121

Property Description

An Extraordinary Development Opportunity in the Heart of the Hollywood Hills! Discover the incredible potential of 1651 Marlay Drive, a hillside property perched above the legendary Sunset Strip, offering spectacular panoramic city views and an exceptional opportunity to create a luxury residence in one of Los Angeles' most prestigious neighborhoods. Just minutes from Hollywood's most iconic destinations, this property offers a prime location and tremendous potential for investors, developers, builders, and buyers looking to bring their vision to life. City records reflect approved permits for an extensive architectural redevelopment. The proposed design reimagines the existing residence as a stunning modern retreat featuring expansive living spaces, multiple bedrooms and bathrooms, elegant entertaining areas, a wine cellar, and seamless indoor-outdoor living. The plans also include a new swimming pool and resort-style outdoor spaces designed to capture the breathtaking hillside scenery and Los Angeles skyline. The proposed lower level offers additional luxury amenities, including a private lounge, nanny suite, sauna, steam room, and cold plunge. Please Note: The property has sustained significant water damage and requires extensive renovation and reconstruction. Buyers are encouraged to independently verify the status, scope, and validity of all plans and permits with the appropriate city departments. Opportunities offering this combination of location, views, privacy, and redevelopment potential are increasingly rare. 1651 Marlay Drive presents an exciting opportunity to transform an exceptional Hollywood Hills property into a spectacular luxury estate. Bring your architect, contractor, and imagination—the possibilities are extraordinary!

Features & Amenities

FeeBuilt 1980

Property Details

Land Type
Fee
Year Built
1980
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
None
View
City Lights, Hills, Mountain(s), Panoramic, Trees/Woods
City
West Hollywood
Zip Code
90069
County
Los Angeles
Listed by1Vision Real Estate, Jerry Magdaleno

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$13,652.67
Principal & Interest
Loan Amount
$2,160,000
Total Interest
$2,754,961
Total Payment Over 30 Years
$4,914,961
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

1651 Marlay, West Hollywood, CA 90069

West Hollywood · Single Family Residence

$2.7M
Luxury Tier
Beds
3
Baths
3
Sqft
4,125
Lot
12,171 sqft
Year
1980
$/Sqft
$655
Pool: No✓
View: city✓
Garage: 2-car✓

Listed in line with the median closed sale of $2,696,000. Price per sqft ($655) is a 44% discount to closed comps ($1,161). Closed comps sold at 104% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $2.70M· $655/sqft
Total list price
Closed comps
vs closed median $2.70M
+$4K (+0.1%)
Active comps
vs active median $2.85M
−$150K (−5.3%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $992
−$337 (−34.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
8494 Carlton WayLos Angeles1949332,40911,869$1,038$2.50M6580
8497 Harold WayLos Angeles1954354,5985,486$651$3.00M3075
8184 Mannix DriveLos Angeles2008454,7475,930$548$2.60M1274
7944 Fareholm DriveLos Angeles2018442,4854,665$1,147$2.85M4169
8620 Hillside AvenueWest Hollywood1961231,8984,850$1,578$3.00M2565
Total: 5 · Average3.24.03,227.46,560$992.4$2.79M34.6
Median2,485$2.85M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1888 Crescent Heights BoulevardLos Angeles197704/24/2026333,17513,284$3.00M$2.70M$8490.9010685
7939 Hillside AvenueLos Angeles192906/02/2026443,00211,724$2.50M$2.60M$8661.045080
8559 Hollywood BoulevardLos Angeles196006/22/2026322,0445,919$2.40M$2.45M$1,2011.021870
1603 Fairfax AvenueLos Angeles201610/01/2026453,4695,915$2.90M$2.85M$8220.9812768
7933 Fareholm DriveLos Angeles196105/06/2026231,4899,936$2.50M$3.08M$2,0651.235468
Total: 5 · Average3.23.42,635.89,355.6$2.73M$2.73M$1,160.6—71
Median3,002$2.70M$2.70M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.