6575 Fountain Ave Los Angeles CA MLS #23-310631

6575 Fountain Ave
Los Angeles, CA,
$1,895,000
12 Beds
12 Baths
16,080 SqFt
0.16 Acres
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**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**

Property Details

Price:
$1,895,000
MLS #:
23-310631
Status:
Active
Beds:
12
Baths:
12
Address:
6575 Fountain Ave
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
hollywood
City:
Los Angeles
Listed Date:
Sep 12, 2023
State:
CA
Finished Sq Ft:
16,080
Lot Size:
6,998 sqft / 0.16 acres (approx)
Year Built:
1920
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Schools

Interior

Cooling
None
Flooring
Hardwood
Heating
None
Laundry
None

Exterior

Building Type
Detached
Common Walls
Detached/ No Common Walls
Other Structures
None
Parking Garage
None
Pool Description
None
Spa
None
Style
Tear- Down

Financial

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Jane Peters

Jane Peters

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Phone 310 351-9208

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Courtesy of Jonathan Massaband at Onyx Realty Inc.. The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.
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CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). This site was last updated 2024-04-19.
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6575 Fountain Ave
Los Angeles, CA
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