For Sale
6575 Fountain Avenue, Los Angeles, CA 90028
6575 Fountain Avenue, Los Angeles, CA 90028
  • $1,895,000
  • $118

Overview

Property ID: HZ15157081
  • Residential
  • Property Type
  • 12
  • Bedrooms
  • 12
  • Bathrooms
  • 16080.00
  • Sqft
  • 1920
  • Year Built

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**

  • Address 6575 Fountain Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90028
  • Area C20 - Hollywood
  • Country United States

Details

Updated on March 22, 2024 at 11:12 pm
  • Property ID: HZ15157081
  • Price: $1,895,000
  • Property Size: 16080.00 Sqft
  • Land Area: 6998.00 Sqft
  • Bedrooms: 12
  • Bathrooms: 12
  • Year Built: 1920
  • Property Type: Residential
  • Property Status: For Sale
  • Living Area: 16080.00
  • Living Area Prefix: Sqft
  • MLS#: 23310631
  • Office Name: ONYX REALTY INC.
  • Agent Name: Jonathan Massaband
  • MLS Status: Active
  • Agent State License: 01745021

Additional details

  • View: City Lights
  • Cooling: None
  • Heating: None
  • Flooring: Wood
  • County: Los Angeles
  • Property SubType: Single Family Residence
  • Parking: 0.00

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Lianna Shahinyan
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