1222 Beachwood Drive
Los Angeles, CA 90038
- – beds
- – baths
- – sqft
- 6,752 sqft lot
- – on site
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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Last updated Dec 13, 2024
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MLS# 219119775DA —
This property is listed in more than one place. See it here.
Location
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Directions:The land is located at 1222 N Beachwood Dr, between Fountain Ave and Lexington Ave.
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Latitude:34.09326600
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Longitude:-118.32085300
The Property
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Property Type:Land
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Zoning:R-3
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Lot Size Area:6752.0000
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Lot Size Acres:0.1550
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Lot Size SqFt:6752.00
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Lot Size Source:Assessor
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5534013018
Utilities
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Water Well:No
The Community
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Subdivision:Not Applicable-1
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Subdivision:Not Applicable-1
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Association:Yes
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Senior Community:No
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Assessments:Yes
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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11/12/24
Nov 12, 2024
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Listed / Active | CRMLS_CA | $1,900,000 | 105.4% (12.9% / YR) |
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3/19/24
Mar 19, 2024
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Price Changed | BRIDGE | ||
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2/1/24
Feb 1, 2024
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Listed / Active | BRIDGE |
