6575 Fountain Avenue, Los Angeles, CA 90028
-
Listed Price :
$1,895,000
-
Beds :
12
-
Baths :
12
-
Property Size :
16,080 sqft
-
Year Built :
1920
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**
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
12 |
| Bathroom Information |
| Bathrooms |
12 |
| Flooring Information |
| Material |
Wood |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
6575 Fountain Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90028 |
| County |
Los Angeles |
| Listing Agent |
Jonathan Massaband DRE #01745021 |
| Courtesy Of |
Onyx Realty Inc. |
| List Price |
$1,895,000 |
| Status |
Pending |
| Type |
Residential |
| Subtype |
Single Family Residence |
| Structure Size |
16,080 |
| Lot Size |
6,998 |
| Year Built |
1920 |
Listing information courtesy of: Jonathan Massaband, Onyx Realty Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 5:52 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
