**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**
23310631
Single Family, 1 Story
12
Los Angeles
12 Full
1920
0.1607
Acres
1
16,080
Sq. Ft.
Bathrooms
12
Total:12
Detailed Room Information
- Bedroom(s)
- Total: 12
- Laundry
- None
Interior Features
- Flooring
- Wood
- Cooling
- None
- Heating
- Other. None.
- Common Walls
- No Common Walls
- Fireplaces
- None.
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces. None.
- Pool Description
- None
- Spa
- None
- Lot View
- City
- Zoning
- LAR3
Financial Considerations
5547028026
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