Pending
6575 Fountain Ave
Los Angeles CA, 90028
$1,895,000
$117.85 per sqft
Pending
12 Beds
12 Baths
16,080 sqft
Residential
Built in 1920
**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**
23-310631
MLSⓇ ID
September 12, 2023
Listed
September 13, 2024
Updated
Map
6575 Fountain Ave
Los Angeles CA, 90028
Interior Features
Total Stories
4
Bedrooms
12
Total Bathrooms
12
Full Bathrooms
12
Appliances
None
Laundry Description
None
Floor Description
Hardwood
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.16 Acres
Architectual Style
Tear-Down
Other Property Details
Area Name
Hollywood
Days on Market
354
Garage
No
Parking
None
Parking Total
0
View
Yes
View Description
City Lights, City
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LAR3
Listing History
Date | Event | Price |
---|---|---|
9/5/2024 | Pending | — |
9/2/2024 | Under contract | — |
Listed by Jonathan Massaband with Onyx Realty Inc.
Listing Contact: 310-801-5919
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor OMNI Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/13/2024