**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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Schools
Interior
Cooling
None
Fireplace Features
None
Flooring
Wood
Heating
None
Exterior
Parking Features
None
Parking Spots
0.00
Pool Features
None
Spa Features
None
Stories Total
4
View
City Lights
Financial
Map
Community
- Address6575 Fountain Avenue Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90028
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Courtesy of Onyx Realty Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
6575 Fountain Avenue
Los Angeles, CA
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