6575 Fountain Avenue

Los Angeles, CA 90028

$1,895,000
Price
12
Beds
12
Baths
16,080 Sq. Ft.
$118 / Sq. Ft.
16,080
Sq. Ft.
$118
per Sq. Ft.

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
  1. Listed by Jonathan Massaband • DRE #01745021 • Brokerage DRE #02137473 • Onyx Realty Inc.

Property Details for 6575 Fountain Avenue

Zoning
LAR3
Style
Tear-Down
Cross Streets
Fountain Ave & Seward Street
Parcel Number
5547028026
Total Units
12.0
Living Area
16080
Source Living Area
Plans
Area
Hollywood (C20)

Location

Listing Courtesy of Onyx Realty Inc., Jonathan Massaband, DRE #01745021
Add your commute
LISTING UPDATED: 04/25/2024 04:07 PM

Property Details for 6575 Fountain Avenue

StatusActive
MLS #23-310631
Days on Market230
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1920
Lot Size0.16 AC / 6,998 SF
CountyLos Angeles County

Location

Listing Courtesy of Onyx Realty Inc., Jonathan Massaband, DRE #01745021
Add your commute

Building Information for 6575 Fountain Avenue

Stories4Year Built1920Building Size-Lot Size0.16 AC / 6,998 SF

Payment Calculator

$11,256 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,342

Property Taxes

$914

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6575 Fountain Avenue

Community / Development
Community / Development
  • HOA: No
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 4
  • View: Yes
  • View Description: City Lights, City
  • View: City Lights
  • Direction Faces: East
  • Property Condition: Tear Down
Contract Info
Contract Info
  • Financing: Owner May Carry
  • Disclosures: Building Plans Available, Owner Has R.E. License
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1607
  • Lot Size Square Feet: 6998
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Rooms: Other
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Furnished: Unfurnished
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Flooring: Hardwood
  • Equipment: None
  • Common Walls: Detached/No Common Walls
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-12-2023

Property History for 6575 Fountain Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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6575 Fountain Avenue is a single family home for sale in Los Angeles, CA 90028. This property was listed for sale on September 12, 2023 by Onyx Realty Inc., it's currently listed at $1,895,000. It has been on the market for a total of 230 days and was last sold on July 6, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Gardner Street Elementary School, Hubert Howe Bancroft Middle School and Hollywood Senior High School. 6575 Fountain Avenue is a 12-bed, 12-bath, 16,080 sqft single family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Onyx Realty Inc., Jonathan Massaband, DRE #01745021

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.