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1222 N Beachwood Dr, Los Angeles, CA 90038
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1222 N Beachwood Dr Los Angeles, CA 90038

$1,900,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$1,900,000 Get Pre-Qualified
Map preview of 1222 N Beachwood Dr, Los Angeles, CA 90038

Property Overview: 1222 N Beachwood Dr Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 6,755 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Centrally located on N Beachwood Dr, this property offers a coveted address with close proximity to Hollywood's vibrant entertainment and cultural scene. This blank canvas provides endless possibilities for creative development or renovation, catering to the vision of innovative developers and investors. The flexible space allows for various unit configurations, making it suitable for upscale apartments, boutique condominiums, or a stunning single-family residence. Conveniently situated in Hollywood, thoughtful parking solutions can be implemented to ensure accessibility for residents. With Hollywood's dynamic atmosphere, this property is poised to become part of the cultural heartbeat of the city, appealing to a diverse demographic. Positioned in a growing neighborhood, 1222 N Beachwood Dr offers a strategic investment opportunity, capitalizing on Hollywood's ongoing revitalization. This development site provides a unique chance to shape a residential masterpiece in one of Los Angeles' most iconic neighborhoods. Seize the opportunity to contribute to the dynamic tapestry of Hollywood. This property is located in an Opportunity Zone! Qualified Opportunity Funds (QOF) and 1031 Exchange Buyers expect to be able to take advantage of unique tax benefits if held or more than ten years. Investors may eliminate all capital gains accrued with the Ozone property from the day of purchase! **All buyers and investors must conduct their own due diligence of the opportunity zone regulations and consult their respective consultants. Our team can refer O- Zone specialists, if needed.

Listed by Daniel Baird | BRE #01249675 | Sperry Van Ness
Last checked: 7 minutes ago | Last updated: March 30th, 2024 | Source CRMLS | DOM: 73
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Home details

Lot Sq. Ft
6,755
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
24354347
City
Los Angeles
County
Los Angeles
Time on Site
78 days

Open Houses for 1222 N Beachwood Dr

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Property Details for 1222 N Beachwood Dr

Lot Details / Garage and Parking
Property Information
  • No View
  • View: None
  • Parcel Number: 5534013018
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Starting from Sunset Boulevard, head south on N Gower St. Turn left on Fountain Ave and then Right on Beachwood Dr.
View more facts & features

Local Los Angeles Agent

Sale History for 1222 N Beachwood Dr

Last sold for $1,250,000 on November 6th, 2018

  • February, 2024

  • Feb 1, 2024

    Date

    Active

    CRMLS: 24354347

    $1,985,000

    Price

  • July, 2023

  • Jul 1, 2023

    Date

    Expired

    CRMLS: 22115765

    $2,200,000

    Price

  • Jan 1, 2022

    Date

    Active

    CRMLS: 22115765

    $2,300,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • December, 2018

  • Dec 14, 2018

    Date

    Expired

    CRMLS: 18378430

    $1,275,000

    Price

  • Dec 13, 2018

    Date

    Withdrawn

    CRMLS: 18378430

    $1,275,000

    Price

  • Oct 19, 2018

    Date

    Active Under Contract

    CRMLS: 18378430

    $1,275,000

    Price

  • Sep 25, 2018

    Date

    Price Change

    CRMLS: 18378430

    $1,275,000

    Price

  • Aug 22, 2018

    Date

    Active

    CRMLS: 18378430

    $1,400,000

    Price

  • Listing provided courtesy of CRMLS

  • December, 2018

  • Dec 7, 2018

    Date

    Expired

    CRMLS: 18379972

    $1,275,000

    Price

  • Oct 19, 2018

    Date

    Withdrawn

    CRMLS: 18379972

    $1,275,000

    Price

  • Sep 25, 2018

    Date

    Price Change

    CRMLS: 18379972

    $1,275,000

    Price

  • Aug 28, 2018

    Date

    Active

    CRMLS: 18379972

    $1,400,000

    Price

  • Listing provided courtesy of CRMLS

  • November, 2018

  • Nov 6, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,250,000

    Price

  • December, 2017

  • Dec 7, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2016

  • Oct 19, 2016

    Date

    Sold

    CRMLS: 16146122

    $925,000

    Price

  • Jul 21, 2016

    Date

    Price Change

    CRMLS: 16146122

    $1,000,000

    Price

  • Listing provided courtesy of CRMLS

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Tax History for 1222 N Beachwood Dr

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $1,275,000 -- --

Home Value Compared to the Market

This property vs the competition

1222 N Beachwood Dr is listed 52% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000.

About 1222 N Beachwood Dr

Detailed summary of property

1222 N Beachwood Dr is a land located in Los Angeles, CA 90038 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 6,755 square foot lot. 1222 N Beachwood Dr was first listed on ArdentRealEstateGroup.com on February 2, 2024. The homeowner is currently asking $1,900,000 and was originally asking $1,985,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 52% higher than the median priced home. Local competing homes currently for sale include 1346 N Fairfax Ave, 155 S Alvarado St and 2051 S La Salle Ave. While the average home in Los Angeles, CA is selling in 97 days, 1222 N Beachwood Dr has a days on market of 73 days. There are currently 3357 homes for sale in the Los Angeles real estate market and 2273 of them are single family homes while 993 of them are condos and 86 are townhomes. For more information on this home for sale at 1222 N Beachwood Dr Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1222 N Beachwood Dr

Public county record property details
Beds
2
Baths
3
Year built
1909
Sq. Ft.
2,604
Lot Size
6,752
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
257
APN
5534-013-018

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$714
Median Sold Price
$1,110,000
Median Sold Price/Sq.Ft.
$629
Total Inventory
39
Median Sale to List Price %
94.87%
Avg Days on Market
34
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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