6575 Fountain Ave

Central Hollywood, Los Angeles, CA 90028



Bachir Oueida
  • Licensed Real Estate Salesperson
  • DRE #: 00936311
Source of Data:
Combined Los Angeles/Westside MLS
Combined Los Angeles/Westside MLS

Property Description

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.
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  • Exterior
    .16 Acres
  • Property Type
  • MLS/Listing ID
  • Days On Market


  • City View
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Listing Courtesy of Onyx Realty Inc., Jonathan Massaband - 01745021 - 310-801-5919