Los Angeles, CA 90028,6575 Fountain Avenue
Los Angeles, CA 90028,6575 Fountain Avenue
Los Angeles, CA 90028,6575 Fountain Avenue
$1,750,000
Est. payment /mo
$1,895,000
7.7%
Est.Price: ?

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12 Beds
12 Baths
16,080 SqFt
SOLD DATE : 11/20/2024

Key Details

Sold Price $1,750,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 16,080 sqft

Price per Sqft $108

MLS Listing ID CL23310631

Sold Date 11/20/24

Bedrooms 12

Full Baths 12

HOA Y/N No

Year Built 1920

Lot Size 6,998 Sqft

Acres 0.1607

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 Listing

Zoning LAR3

Interior

Heating None

Cooling None

Flooring Wood

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

View Y/N true

View City Lights

Private Pool false

Building

Story 1

Level or Stories One Story

New Construction No

Others

Tax ID 5547028026

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Bridge MLS
Listed by Jonathan Massaband • Onyx Realty Inc.
Bought with JonathanMassaband

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Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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