Skip To Content

1222 N Beachwood Dr

Los Angeles, CA 90038
  • $2,200,000
  • STATUS: Active
  • ON SITE: 220 Days
  • MLS #: 22-115765
UPDATED: 208 min ago
$2,200,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Description

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.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-13T23:43:05.457. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.jelmbergteam.com/homes/124449789
Print Image

1222 N Beachwood Dr Los Angeles, CA 90038

  • Price: $2,200,000
  • Status: Active
  • On Site: 220 Days
  • Updated: 208 min ago
  • MLS #: 22-115765
0
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
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.
Exterior Features

Lot Size Area 6752 View Description None View YN No

Property Features

Cable YN No Potential Usage Residential Development Sale Type Standard Source Lot Size Area Vendor Enhanced Zoning Lar3

Listing provided courtesy of Daniel Baird DRE#01249675 of Sperry Van Ness.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-13T23:43:05.457. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
Logo
The Jelmberg Team | Keller Williams
39-575 Washington Street, Suite #105
Palm Desert CA, 92211