6575 Fountain Avenue , Los Angeles, CA - 90028, Los Angeles CA is for sale - Dmitry Litvishkov

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Dmitry Litvishkov (310)-709-4920

6575 Fountain Avenue , Los Angeles, CA - 90028 is For Sale

Details

Price : $1,895,000

Address : 6575 Fountain Avenue

City : Los Angeles

State : CA

Area : C20 - Hollywood

Property Type : Residential

Sq M : 1,494 M²

Bedrooms : 12

Bathrooms : 12

MLS# : 23310631

Lot Size (Acres) : 0.1607 ac

Property Description

Los Angeles Home For Sale. **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**

Listed By

Onyx Realty Inc.

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