Listed by Daniel Baird, Sperry Van Ness,

1222 N BEACHWOOD Drive

Los Angeles, CA, 90038

$2,200,000

$2,200,000
Active
Active
 - For Sale
property_type
Land
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.
MLS® ID:
22115765
Listed:
12/31/21
Updated:
7/6/22

Exterior/Building Features

Lot Size
6,752 ft² lot

Other Property Details

Area Name
C20 - Hollywood
Garage
No
Parking
N
View
Y
County
Los Angeles
Pool
No
Zoning
LAR3

Property History

Date
Event
Price
Value
3/4/22
Price Change
$2,200,000
-4%

 

Listed by Daniel Baird, Sperry Van Ness,

Based on information from California Regional Multiple Listing Service, Inc. as of 7/6/22. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 10:18 PM UTC, 7/6/22

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