About 6575 Fountain Ave
**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**
Features of 6575 Fountain Ave
| MLS® # | 23-310631 |
|---|---|
| Price | $1,895,000 |
| Bedrooms | 12 |
| Bathrooms | 12.00 |
| Full Baths | 12 |
| Square Footage | 16,080 |
| Acres | 0.16 |
| Year Built | 1920 |
| Type | Residential |
| Sub-Type | Single Family |
| Style | Tear-Down |
| Status | Active |
Community Information
| Address | 6575 Fountain Ave |
|---|---|
| Area | Hollywood |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90028 |
Amenities
| Garages | None |
|---|---|
| View | City Lights, City |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Hardwood |
|---|---|
| Heating | None |
| Cooling | None |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 4 |
| Has Basement | No |
Additional Information
| Date Listed | September 12th, 2023 |
|---|---|
| Days on Market | 231 |
| Zoning | LAR3 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jonathan Massaband (01745021) |
|---|---|
| Office | Onyx Realty Inc. |