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1222 N Beachwood Drive

Los Angeles (City), CA 90038
  • $2,200,000
  • STATUS: Active
  • ON SITE: 219 Days
  • ID#: 22115765
UPDATED: 30 min ago
$2,200,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Daniel Baird of Sperry Van Ness (310-979-0800)


Description

We are proud to present 1222 N Beachwood Dr., Los Angeles, CA 90038, located in the heart of the world renowned Hollywood submarket. This unique development opportunity consists of 11 units with a modern contemporary design, featuring a 3 story mid-rise wood-frame podium style structure and subterranean parking. Entitlements are essentially complete with full architectural set, schematics and budgets (documents available upon request) for 8 Market Rate and 3 Low Income units. RTI (ready to issue) permits can be delivered by close of escrow with an estimated 3 months left to obtain (permits paid by Buyer). The lot size is approximately 6,752 SF, zoned R3 and currently contains no structure on the land offering Investors the advantage of not having the financial burden to negotiate buy-outs with tenants nor require any additional demolition. Property location is rated as Very Walkable with a Walk Score of 89 and is an Opportunity Zone (Potential Tax Benefits). **All buyers all buyers and investors must conduct their own due diligence of the opportunity zone regulations and consult their respective consultants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-13T23:28:18.743. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Randy Horowitz & Associates | Century 21 Peak. Licensed in the State of California, USA.
www.randyhorowitzandassociates.com/homes/124449962
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1222 N Beachwood Drive Los Angeles (City), CA 90038

  • Price: $2,200,000
  • Status: Active
  • On Site: 219 Days
  • Updated: 30 min ago
  • ID#: 22115765
0
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
We are proud to present 1222 N Beachwood Dr., Los Angeles, CA 90038, located in the heart of the world renowned Hollywood submarket. This unique development opportunity consists of 11 units with a modern contemporary design, featuring a 3 story mid-rise wood-frame podium style structure and subterranean parking. Entitlements are essentially complete with full architectural set, schematics and budgets (documents available upon request) for 8 Market Rate and 3 Low Income units. RTI (ready to issue) permits can be delivered by close of escrow with an estimated 3 months left to obtain (permits paid by Buyer). The lot size is approximately 6,752 SF, zoned R3 and currently contains no structure on the land offering Investors the advantage of not having the financial burden to negotiate buy-outs with tenants nor require any additional demolition. Property location is rated as Very Walkable with a Walk Score of 89 and is an Opportunity Zone (Potential Tax Benefits). **All buyers all buyers and investors must conduct their own due diligence of the opportunity zone regulations and consult their respective consultants.
Exterior Features

Parking Total 0 View None View YN No

Property Features

Association Fee 0 Listing Agreement Seller Reserved Listing Service Full Service Senior Community YN No Special Listing Conditions Standard Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-13T23:28:18.743. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Randy Horowitz & Associates | Century 21 Peak. Licensed in the State of California, USA.
 
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Randy Horowitz & Associates | Century 21 Peak
1241 E. 16th St.
Upland CA, 91784
Listing Agent(s): Daniel Baird of Sperry Van Ness (310-979-0800)