6575 Fountain Ave, Los Angeles, CA 90028 – 23-310631

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Marcia Alves

marcia@marciabrazil.com +1(702) 300-6969

$ 1,895,000

Est. payment | -/mo

12 Beds

12 Baths

16,080 SqFt

Save

$ 1,895,000

Est. payment | -/mo

Save

12 Beds

12 Baths

16,080 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 16,080 sqft

Price per Sqft $117

MLS Listing ID 23-310631

Style Tear-Down

Bedrooms 12

Full Baths 12

Construction Status Tear Down

HOA Y/N No

Year Built 1920

Lot Size 6,998 Sqft

Acres 0.1607

Property Description

**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**

Location

State CA

County Los Angeles

Area Hollywood

Zoning LAR3

Rooms

Other Rooms None

Dining Room 0

Interior

Heating None

Cooling None

Flooring Hardwood

Fireplaces Type None

Equipment None

Laundry None

Exterior

Garage None

Pool None

View Y/N Yes

View City Lights, City

Building

Story 4

Architectural Style Tear-Down

Level or Stories One

Construction Status Tear Down

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Onyx Realty Inc.

+1(702) 300-6969

marcia@marciabrazil.com

1780 W Horizon Ridge Pkwy # 100, Henderson, NV, 89012, USA