Homes for sale - 1222 N Beachwood DR, Los Angeles, CA 90038

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Max Lee

[email protected] +1(213) 434-2433

$ 1,900,000

Est. payment | -/mo

6,752 Sqft Lot

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$ 1,900,000

Est. payment | -/mo

Save

6,752 Sqft Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 219119775DA

Lot Size 6,752 Sqft

Property Description

Prime Net Lease is pleased to present 1222 N Beachwood Dr, an exceptional residential development opportunity with RTI (ready-to-issue) permits in place, located in the highly coveted Hollywood 90038 zip code. The project is fully entitled, including a complete architectural set, schematics, and budgets (available upon request), and is approved for 8 Market Rate and 3 Low Income units. This modern 4-story development will feature 11 thoughtfully designed units with a well-balanced unit mix, and first-floor parking with 14 vehicle spaces and 24 bicycle spaces (20 long-term and 4 short-term).With a total area of 11,107 square feet and 9,547 square feet of livable space, this opportunity appeals to a diverse range of tenants seeking to experience Hollywood's vibrant cultural scene. The 6,752-square-foot lot is zoned R3 and contains no existing structure, sparing investors the financial burden of tenant buy-outs or demolition. The property's location is rated as Very Walkable, with a Walk Score of 88.Located within an Opportunity Zone and designated as a TOC Tier 2 area, 1222 N Beachwood Dr offers strategic tax incentives (Buyer to verify) and increased density options that align with the city's vision for urban growth and housing.

Location

State CA

County Los Angeles

Area Hollywood

Exterior

View Y/N No

Building

Sewer Public Hookup Available

Water Water District

Others

Special Listing Condition Standard

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Listed by Prime Desert Estates

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(213) 434-2433

[email protected]

California, 91214-1304, USA

1222 N Beachwood DR Los Angeles, CA 90038