$1,895,000
6575 Fountain Avenue, Los Angeles 90028
12
Beds
12
Baths
16,080
Square feet
6,998
Lot Size
Listing Agent
Jonathan Massaband - Onyx Realty Inc.**FULLY APPROVED PLANS w/ RTI PERMITS** We're pleased to present this one-of-a-kind, fully entitled Ready-To-Issue (RTI) development opportunity in the desirable and growing Hollywood neighborhood. Boasting a high Walk Score, the proposed project is situated a short distance from Sunset Blvd and is surrounded by a plethora of amenities. Utilizing TOC incentives, the development consists of 12 units with a contemporary design, featuring a 4-story mid-rise wood-frame structure, 14 onsite subterranean parking spaces & a unit mix of luxury one & two bedroom units. Entitlements are complete, allowing a buyer to begin construction immediately. Located in an exclusive HUD approved 'Opportunity Zone', this LAR3 - 1XL property sits on a spacious 7,000SF pad with approved plans to build up to approximately 22,870SF (16,080SF Residential Living Space plus 6,790SF Subterranean Garage). Priced to provide compelling exit metrics for a developer/buyer. See Offering Memo for a detailed analysis of residual land value. **SELLER FINANCING may be available for qualified buyers**
Facts & Features
MLS® # | 23310631 |
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Price | $1,895,000 |
Bedrooms | 12 |
Bathrooms | 12.00 |
Full Baths | 12 |
Square Footage | 16,080 |
Lot Size | 6,998 |
Year Built | 1920 |
Type | Residential |
Sub-Type | Single Family Residence |
Status | Active |
# Of Units | 12 |
Community Information
Address | 6575 Fountain Avenue |
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Area | C20 - Hollywood |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90028 |
Amenities
Parking | None |
---|---|
Garages | None |
View | City Lights |
Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Interior | Wood |
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Heating | None |
Cooling | None |
Has Basement | No |
Fireplace | No |
Fireplaces | None |
# of Stories | 4 |
Stories | One |
Additional Information
Date Listed | September 12th, 2023 |
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Days on Market | 227 |
Zoning | LAR3 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Jonathan Massaband |
---|---|
Office | Onyx Realty Inc. |