1222 Beachwood Drive, Los Angeles, CA 90038 - Berkshire Hathaway HomeServices California Properties
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1222 Beachwood Drive, Los Angeles, CA 90038

$1,900,000 Approx. USD 0 beds, 0 baths
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Listing Agent


Paul Matusik | pmatusik@primenetlease.com
Lic#: 01351021
Broker: Courtesy of Prime Desert Estates

Agent Remarks

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.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 219119775DA
Price: $1,900,000
Beds: 0
Baths: 0
0.16 acres
Lot size: 0.1550
Subdivision: Not Applicable-1
County: Los Angeles
Zoning: R-3
MLS area: C20 - Hollywood

Last Updated: 12/8/2024

 Days On Market (DOM): 180

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This listing belongs to the C20 - Hollywood MLS area

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Lat/Long: 34.093266, -118.320853.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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