fbpx

$1,895,000
12 bed
12 bath
16,080 Sqft
6,998 Sqft lot

6575 Fountain Avenue, Los Angeles, California 90028

  • Residential Property Type
  • 292 Days Time on market
  • $118 Price per sqft
  • 1920 Year Built
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**

Basic Details
Residential
Buy
23310631
$1,895,000
12
12
16,080 Sqft
1920
6,998 Sqft
Active
Single Family Residence
Houses
Features
: City Lights
: Unfurnished
0
$0
Address
CA
Los Angeles
Los Angeles
90028
6575 Fountain Avenue
6575
Avenue
0
W119° 40' 1.1''
N34° 5' 40.3''
Additional Information
292
1
1
4
12
: One
1
16,080 Sqft
0 Sqft
0 Sqft
: Plans
0.16 Sqft
6,998 Sqft
1
: No Common Walls
0 Sqft
LAR3
5547028026
$0
$0
$0
$0
1
$0
$0
0 Sqft
0 Sqft
$0
1
14/02/2024
12/09/2023 17:31:48
$0
: Standard
Corner of Fountain Ave & Seward Street - 3 Blocks West of Cahuenga Blvd
Destrahan
Harry Hurst
Onyx Realty Inc.
Jonathan Massaband
CLW-X83000
CLW-C109909
$0
East
: Wood
1
1
0
0
1
12
1
US-06037-N-5547028026-R-N
SingleFamilyResidence
13/09/2023 00:42:40
Fountain
C20 - Hollywood
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$