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1222 Beachwood Drive

Los Angeles (City), CA 90038
  • $1,900,000
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: 219119775DA
UPDATED: 159 min ago
$1,900,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Paul Matusik of Prime Desert Estates ((714) 875-2400)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-14T00:28:40.743. 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 Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
www.pushpa4homes.com/homes/157783945
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1222 Beachwood Drive Los Angeles (City), CA 90038

  • Price: $1,900,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 159 min ago
  • ID#: 219119775DA
0
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
Not Applicable-1
County:
Los Angeles
Area:
C20 - Hollywood
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.
Exterior Features

Parking Total 0 View YN No

Property Features

Association YN Yes Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Contract1031 Exchange Senior Community YN No Special Listing Conditions Standard Zoning R-3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-14T00:28:40.743. 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 Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
 
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Pushpa Nagaraj Team | Compass
680 E. Colorado Blvd, Suite 400
Pasadena CA, 91101
Listing Agent(s): Paul Matusik of Prime Desert Estates ((714) 875-2400)