Active

6575 Fountain Ave

Los Angeles CA, 90028

$1,895,000


$117.85 per sqft

Active

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

April 26, 2024

Updated

Map

6575 Fountain Ave
Los Angeles CA, 90028

Interior Features

Total Stories

4


Bedrooms

12


Total Bathrooms

12


Appliances

None


Laundry Description

None


Floor Description

Hardwood


Fireplace

Yes


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

225


Garage

No


Parking

None


Parking Total

0


View

Yes


View Description

City Lights, City


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LAR3

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 Approach Properties Premium Real Estate Services 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 4/26/2024

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