$1,895,000
6575 Fountain AVE Los Angeles, CA 90028
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$1,895,000
Est. payment /mo
12 BD
12 BA
16,080 SqFt
Pending
6575 Fountain AVE Los Angeles, CA 90028
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UPDATED:
09/30/2024 05:52 PM
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 23310631
Bedrooms 12
Full Baths 12
HOA Y/N No
Year Built 1920
Lot Size 7,000 Sqft
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 C20 - Hollywood
Zoning LAR3
Interior
Heating None
Cooling None
Flooring Wood
Fireplaces Type None
Furnishings Unfurnished
Fireplace No
Laundry None
Exterior
Garage None
Pool None
View Y/N Yes
View City Lights
Private Pool No
Building
Faces East
Story 4
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5547028026
Special Listing Condition Standard
Listed by Jonathan Massaband • Onyx Realty Inc.
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