House or full-service building
The Norma Triangle and the flats give you a small-lot house with a wall and a yard: charm, low maintenance, limited parking. The Strip corridor gives you a full-service building with valet, staff and controlled access, which for a public-facing client is often the stronger privacy answer than a street-level house here.
What the city does and does not allow
West Hollywood has its own rent stabilization, short-term rental restrictions and a demanding design review process. Any plan that involves adding square footage, renting units, or reworking a facade needs to be pressure-tested against the city before you write, not after.
The financial read
Price per foot is high and lots are small, so the value is in location and building quality rather than land. The buyer pool at exit is deep and international, which keeps liquidity strong. Treat it as a lifestyle and liquidity asset; the yield case sits in the desert, not here.