$1,895,000 Price Analysis   ♡   Los Angeles, CA 90028 12 bed 12 bath 16,080 SqFt ($117/SqFt) 6,998SqFt lot. Built 1920 Listed 2023-09-13, Taxes $10,473 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 and a unit mix of luxury one and 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 sizeable 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 dveloper/buyer. See Offering Memo for a detailed analysis of residual land value. SELLER FINANCING may be available for qualified buyers
Presented by Jonathan Massaband at
Onyx Realty Inc.
Property MLS #23-310631 from TheMLSCLAW
Full Bathrooms: 12
Flooring: Hardwood
Lot Size Source: Assessor
Lot Size Square Feet: 6998
Calculated Total Monthly Association Fees: 0
County: Los Angeles
Cross Street: Fountain Ave & Seward Street
Directions: Corner of Fountain Ave & Seward Street - 3 Blocks West of Cahuenga Blvd
Source Property Type: Residential
Area: Hollywood
Source Neighborhood: Hollywood
Parcel Number: 5547-028-026
Postal Code Plus 4: 7824
Zoning: LAR3
Property Subtype: Single Family Residence
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $214,439 + $634,741 $849,180 | $10,473 |
| 2021 | $210,235 + $622,296 $832,531 | $10,337 |
| 2020 | $unknown + $1,165,248 $1,165,248 | $10,439 |
| 2019 | $204,000 + $603,840 $807,840 | $9,971 |
| 2018 | $200,000 + $592,000 $792,000 | $9,930 |
| 2017 | $170,733 + $941,993 $1,112,726 | $13,732 |
| 2016 | $167,386 + $923,523 $1,090,909 | $13,420 |
| 2015 | $164,872 + $909,651 $1,074,523 | $13,226 |
| 2014 | $161,643 + $891,833 $1,053,476 | $13,273 |
| 2013 | $160,913 + $887,803 $1,048,716 | $13,267 |
| 2012 | $157,758 + $870,396 $1,028,154 | $13,443 |
| 2010 | $154,665 + $853,330 $1,007,995 | $13,156 |
| 2009 | $153,875 + $848,966 $1,002,841 | $12,677 |
| 2009 | $153,510 + $846,953 $1,000,463 | $12,677 |
| 2008 | $150,858 + $832,320 $983,178 | $12,136 |
| 2007 | $147,900 + $816,000 $963,900 | $11,744 |
$1,895,000
TheMLSCLAW
Listing removed 2023-06-20
$0
TheMLSCLAW
Listing removed 2023-03-14
$0
TheMLSCLAW
Listed 2023-03-10
$2,250,000
TheMLSCLAW
Listed 2023-03-09
$2,250,000
TheMLSCLAW
Listing removed 2018-03-09
$4,990
TheMLSCLAW
Price Changed for rent 2018-01-17
$4,990
TheMLSCLAW
Listed for rent 2018-01-02
$5,990
TheMLSCLAW
Sold 2017-08-10
$792,000
CRMLS
Listed 2016-05-28
$800,000
CRMLS
Listing removed 2014-04-11
$707,000
CRMLS
Relisted 2014-04-10
$707,000
CRMLS
Listing removed 2013-11-06
$700,000
CRMLS
Listed 2013-07-09
$700,000
CRMLS
Sold 2005-12-22
$945,000
Public Record
Sold 1975-05-22
$49,500
Public Record
Year Built: 1920
Common Walls: Detached/No Common Walls
Direction Faces: East, North, South, West
Levels: One Level
Living Area Source: Plans
Property Age: 104
Property Condition: Tear Down
Levels or Stories: 4
Building Total Stories: 4
Structure Type: Detached
House Style: Tear-Down
Year Built Source: Vendor Enhanced
Architectural Style: Tear-Down
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.