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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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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with JonathanMassaband
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122