6575 Fountain Ave, Los Angeles, CA 90028 - Photo 1

1/1

$1,750,000

Sold
Closed
Single Family
12 Beds
12 Full Baths
16,080 Sq. Ft.

1/1

Property 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 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**

Full Property Details

Full Property Details for 6575 Fountain Ave

General

Sold For: $1,750,000
Status: Closed
Type: Single Family
Source: CLAW
MLS ID: 23-310631
Added to Site: 895 day(s) ago

Interior

Rooms/Areas: Other
Furnishings: Unfurnished
Flooring: Hardwood

Rooms

Bathrooms

Total Bathrooms: 12
Full Bathrooms: 12

Bedrooms

Total Bedrooms: 12

Other Rooms

Laundry: None

Additional Information

Pool Description: None
Spa Description: None
Other Features: None

Parking

Garage Description: None

Location

Area: Hollywood
County: Los Angeles
Cross Streets: Fountain Ave & Seward Street
Driving Directions: Corner of Fountain Ave & Seward Street - 3 Blocks West of Cahuenga Blvd
Direction Faces: East

Heating & Cooling

Cooling Type: None
Heating Type: None

Structural Information

Architectural Style: Tear-Down
Structure Type: Single Family Residence
Common Walls: Detached/No Common Walls
Stories/Levels: 4
Square Feet: 16,080
Sq. Ft. Source: Plans
Year Built: 1920
Year Built Source: Vendor Enhanced
Property Condition: Tear Down

Unit Information

Units in Complex: 12

Additional Structures

Other Structures: None

Lot Features

Property View: City Lights, City
Lot Size (Acres): 0.1607
Lot Size: 6998
Lot Size Source: Assessor
Zoning: LAR3

Financial Considerations

Price Per Sq. Ft.: $117.85
Assessment Year: 1920

Disclosures and Reports

Disclosures/Reports: Building Plans Available, Owner Has R.E. License
APN: 5547-028-026

Listed and Sold by Onyx Realty Inc., Jonathan Massaband

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Listing agent

— 6575 Fountain Ave —

Jonathan Massaband

Onyx Realty Inc.

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Schools

Schools serving 6575 Fountain Ave

School District:Los Angeles Unified School District

Name	Grades	Distance
Gardner Street Elementary School 7450 Hawthorn Avenue, Los Angeles, CA 90046	PK-5	1.1 mi
Hubert Howe Bancroft Middle School 929 North Las Palmas Avenue, Los Angeles, CA 90038	6-8	0.5 mi
Hollywood Senior High School 1521 Highland Avenue, Los Angeles, CA 90028	9-12	0.5 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 6575 Fountain Ave

Date

Details

Price

Change

Source

11/20/2024

Sold

$1,750,000

-7.65%

MLS

9/12/2023

Listed

$1,895,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Sq. Ft.

6575 Fountain Ave, Los Angeles, CA 90028 (MLS# 23-310631) is a Single Family property that was sold at $1,750,000 on November 20, 2024. Want to learn more about 6575 Fountain Ave? Do you have questions about finding other Single Family real estate for sale in Hollywood? You can browse all Hollywood real estate or contact a Coldwell Banker agent to request more information.

6575 Fountain Ave Los Angeles, CA 90028