6575 Fountain Avenue Los Angeles, CA 90028
**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 TypeSingle Family Home
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site248 Days
- MLS StatusActive
- MLS ID Number23310631
- Home Size Source Plans
- Year Built1920
- Lot Size0.1607 Acres
- Full Baths12
- Partial BathsN/A
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General Features
- Parking None
- Parking Spaces 0
- Number of Stories 14
- Acreage 0.1607
- Property Sub Type Single Family Residence
- Zoning LAR3
- Listing Conditions Standard
- Direction Faces East
Interior Features
- Cooling None
- Heating None
- Flooring Wood
- Furnished? Unfurnished
- Fireplace Features None
- Laundry Features None
- Fireplace No
Exterior Features
- View City Lights
- Spa No
- Pool Features None
- Spa Features None
Community Features
- Senior Community No
- MLS Area C20 - Hollywood