6575 Fountain Avenue
Los Angeles, CA, 90028
$1,895,000
12 Beds
12 Baths
16,080 SqFt
0.16 Acres
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**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**

Property Details

Price:
$1,895,000
MLS #:
23310631
Status:
Pending
Beds:
12
Baths:
12
Address:
6575 Fountain Avenue
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Sep 12, 2023
State:
CA
Finished Sq Ft:
16,080
ZIP:
90028
Lot Size:
6,998 sqft / 0.16 acres (approx)
Year Built:
1920
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Wood
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Stories Total
4
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6575 Fountain Avenue
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