6575 Fountain Avenue
6575 Fountain Avenue
$1,895,000
12
12
16,080
16,080
$118
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...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 Jonathan Massaband • DRE #01745021 • Brokerage DRE #02137473 • Onyx Realty Inc.
Property Details for 6575 Fountain Avenue
Zoning
LAR3
StyleTear-Down
Cross StreetsFountain Ave & Seward Street
Parcel Number5547028026
Total Units12.0
Living Area16080
Source Living AreaPlans
AreaHollywood (C20)
Location
LISTING UPDATED: 04/25/2024 04:07 PM
Property Details for 6575 Fountain Avenue
Status | Active |
---|---|
MLS # | 23-310631 |
Days on Market | 230 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1920 |
Lot Size | 0.16 AC / 6,998 SF |
County | Los Angeles County |
Location
Building Information for 6575 Fountain Avenue
Stories4Year Built1920Building Size-Lot Size0.16 AC / 6,998 SF
Payment Calculator
$11,256 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 6575 Fountain Avenue
Property History for 6575 Fountain Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6575 Fountain Avenue
Taxable ValueLand$647,435Additions$218,727Total$866,162
Tax Record2023$10,967 ($914 / month)
Home Facts
Total Finished SqFt2,624 SqFtAbove Grade Finished SqFt2,624 SqFtStories1Lot Size7,000 SqFtStyleHotel / MotelYear Built1920ZoningLAR3CountyLOS ANGELESAPN5547-028-026
Schools near 6575 Fountain Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Gardner Street Elementary School PublicK to 5 | ||
Hubert Howe Bancroft Middle School Public6 to 8 | ||
Hollywood Senior High School Public9 to 12 | ||
Selma Avenue Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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