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6575 Fountain Avenue Los Angeles, CA $ 1,895,000
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$ 1,895,000 Get more info
6575 Fountain Avenue
$ 1,895,000
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Share Save

6575 Fountain Avenue

Los Angeles, CA, 90028
$ 1,895,000
Bedrooms12 Baths12.0 Sq 16,080

Monthly Estimate*

$ 13,237

6575 Fountain Avenue, Los Angeles, CA 90028 - Image 1
6575 Fountain Avenue, Los Angeles, CA 90028 - Image 2
6575 Fountain Avenue, Los Angeles, CA 90028 - Image 3

Single Family Home for sale in Los Angeles, CA

for $1,895,000 with 12 bedrooms and 12 full baths. This 16,080 square foot home was built in 1920 on a lot size of 0.16.

**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**

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Single Family Active

Price

$ 1,895,000

Bedrooms

12

Full Bath

12

Property Type

Single Family

Taxes

$ 0

Style

Single Family Residence

Lot Size

0.16

Year Built

1920

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0023310631
Features
General
Sewer None
Possession Close of Escrow
Zoning LAR3
Pool Features None
3/4 Baths 0
Full Baths 12
Half Baths 0
Year Built 1920
View City Lights
Levels One
Property SubType Single Family Residence
County Los Angeles
New Construction No
Property Type A
HOA / Comm Assn No
Facing Direction East
Status Active
City Los Angeles
Buyer Agent Compensation 2.25
View Y/N Yes
Senior Community Y/N No
MLS Area C20 - Hollywood
Lot Size Square Feet 6998.0
Street Name Fountain
Spa Features None
Structure Type None
Standard Status Active
Buyer Agent Compensation Type %
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Interior
Flooring Wood
Total Stories 4
Common Walls No Common Walls
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Street Suffix Avenue
Total Bathrooms 12.0
Laundry Features None
Total Baths 12
Total Bedrooms 12
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Exterior
Lot Size Area 6998.0
Foundation Details None
Spa No
Pool Y/N? No
Building Area Total 16080.0
Lot Size Acres 0.16
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded Features
List By
Jonathan Massaband

Listing Agent

Onyx Realty Inc.

Broker

Affordability Calculator

$13,237
Per Month
100%
0%
0%
Monthly Principal & Interest
$13,237
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
793437 Elementary School
793428 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/13/2023$1,895,000 Listed Price

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6575 Fountain Avenue, Los Angeles, CA, 90028 is a Single Family Home for sale at $1,895,000 with 16,080 sqft and a lot size of 0.16. 6575 Fountain Avenue has 12 bedrooms, 12.0 baths, and was built in 1920. The property's zip code is 90028 which is in Los Angeles, CA

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