1222 Beachwood DR, Los Angeles, CA 90038 – 219119775DA

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

$ 1,900,000

Est. payment | -/mo

6,751 Sqft Lot

Save

$ 1,900,000

Est. payment | -/mo

Save

6,751 Sqft Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Not Applicable-1

MLS Listing ID 219119775DA

HOA Y/N Yes

Lot Size 6,751 Sqft

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.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning R-3

Interior

Fireplace No

Exterior

View Y/N No

Others

Senior Community No

Tax ID 5534013018

Acceptable Financing Contract, 1031 Exchange

Listing Terms Contract, 1031 Exchange

Special Listing Condition Standard

Listed by Paul Matusik • Prime Desert Estates

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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1222 Beachwood DR Los Angeles, CA 90038