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USACALos AngelesNot Applicable-11222 N Beachwood Dr
1222 Beachwood - Front Rendering NEW | Image 1
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$1,900,000

1222 N Beachwood Dr, Los Angeles, CA

Real Estate

For Sale

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  • Key Facts
  • Description
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Key Facts

Type 
Levels Land
Size -
Garage No
Taxes 
Days Active 217
Lot Size 
Approx. Age 
MLS® Number 219119775DA

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number219119775DA
Laundry Level
Central VacNo
FireplaceNo
Acreage0.155
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

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