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6575 Fountain Ave, Los Angeles, CA 90028
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6575 Fountain Ave Los Angeles, CA 90028

$1,895,000
  • 12 Beds
  • 12 Baths
  • 16,080 Sq.Ft.
For Sale
$1,895,000 Get Pre-Qualified
Map preview of 6575 Fountain Ave, Los Angeles, CA 90028

Property Overview: 6575 Fountain Ave Los Angeles, CA has 12 bedrooms, 12 bathrooms, 16,080 living square feet and 6,998 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: **FULLY APPROVED PLANS w/ RTI PERMITS** We're pleased to present this one-of-a-kind, fully entitled Ready-To-Issue (RTI) development opportunity in the desirable and growing Hollywood neighborhood. Boasting a high Walk Score, the proposed project is situated a short distance from Sunset Blvd and is surrounded by a plethora of amenities. Utilizing TOC incentives, the development consists of 12 units with a contemporary design, featuring a 4-story mid-rise wood-frame structure, 14 onsite subterranean parking spaces & a unit mix of luxury one & two bedroom units. Entitlements are complete, allowing a buyer to begin construction immediately. Located in an exclusive HUD approved 'Opportunity Zone', this LAR3 - 1XL property sits on a spacious 7,000SF pad with approved plans to build up to approximately 22,870SF (16,080SF Residential Living Space plus 6,790SF Subterranean Garage). Priced to provide compelling exit metrics for a developer/buyer. See Offering Memo for a detailed analysis of residual land value. **SELLER FINANCING may be available for qualified buyers**

Listed by Jonathan Massaband | BRE #01745021 | Onyx Realty Inc.
Last checked: 11 minutes ago | Last updated: March 22nd, 2024 | Source CRMLS | DOM: 216
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Home details

Lot Sq. Ft
6,998
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Single Family Home
Status
Active
MLS#
23310631
City
Los Angeles
County
Los Angeles
Time on Site
226 days

Open Houses for 6575 Fountain Ave

No upcoming open houses

Schedule Tour

Property Details for 6575 Fountain Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Laundry Information
  • Has Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
Bathroom Information
  • # of Baths (Full): 12
  • # of Baths (1/2): 0
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Common Walls: No Common Walls
  • Total # of Units: 12
  • Parcel Number: 5547028026
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Corner of Fountain Ave & Seward Street - 3 Blocks West of Cahuenga Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 6575 Fountain Ave

Last sold on April 13th, 2018

  • September, 2023

  • Sep 12, 2023

    Date

    Active

    CRMLS: 23310631

    $1,895,000

    Price

  • July, 2023

  • Jul 8, 2023

    Date

    Expired

    CRMLS: 23249919

    $2,250,000

    Price

  • Mar 10, 2023

    Date

    Active

    CRMLS: 23249919

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    We're pleased to present this one-of-a-kind, fully entitled Ready-To-Issue (RTI) development opportunity in the desirable and growing Hollywood neighborhood. Boasting a high Walk Score, the proposed project is situated a short distance from Sunset Blvd and is surrounded by a plethora of amenities. Utilizing TOC incentives, the development consists of 12 units with a contemporary design, featuring a 4-story mid-rise wood-frame structure, 14 onsite subterranean parking spaces & a unit mix of luxury one & two bedroom units. Entitlements are complete, allowing a buyer to begin construction immediately. Located in an exclusive HUD approved 'Opportunity Zone', this LAR3 - 1XL property sits on a spacious 7,000SF pad with approved plans to build up to approximately 22,870SF (16,080SF Residential Living Space plus 6,790SF Subterranean Garage). Priced to provide compelling exit metrics for a developer/buyer. See Offering Memo for a detailed analysis of residual land value.

  • April, 2023

  • Apr 29, 2023

    Date

    Expired

    CRMLS: 23248837

    $2,250,000

    Price

  • Mar 8, 2023

    Date

    Active

    CRMLS: 23248837

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    We're pleased to present this one-of-a-kind, fully entitled Ready-To-Issue (RTI) development opportunity in the desirable and growing Hollywood neighborhood. Boasting a high Walk Score, the proposed project is situated a short distance from Sunset Blvd and is surrounded by a plethora of amenities. Utilizing TOC incentives, the development consists of 12 units with a contemporary design, featuring a 4-story mid-rise wood-frame structure, 14 onsite subterranean parking spaces & a unit mix of luxury one & two bedroom units. Entitlements are complete, allowing a buyer to begin construction immediately. Located in an exclusive HUD approved 'Opportunity Zone', this LAR3-1XL property sits on a spacious 7,000SF pad with approved plans to build up to 16,080SF. Subterranean square footage is 6,790SF. Priced to provide compelling exit metrics for a developer/buyer. See Offering Memo for a detailed analysis of residual land value.

  • July, 2018

  • Jul 1, 2018

    Date

    Expired

    CRMLS: 17298120

    $4,990

    Price

  • Mar 10, 2018

    Date

    Withdrawn

    CRMLS: 17298120

    $4,990

    Price

  • Mar 9, 2018

    Date

    Active

    CRMLS: 17298120

    $4,990

    Price

  • Feb 27, 2018

    Date

    Hold

    CRMLS: 17298120

    $4,990

    Price

  • Jan 17, 2018

    Date

    Price Change

    CRMLS: 17298120

    $4,990

    Price

  • Jan 3, 2018

    Date

    Active

    CRMLS: 17298120

    $5,990

    Price

  • Listing provided courtesy of CRMLS

    Flexible Lease - Fully furnished home in the heart of Hollywood, just steps away from the famous Sunset Blvd and blocks from with easy access to all of LA's attractions, nightlife, fine dining and shopping. This newly renovated, 4-bdrm house is bright, spacious and furnished with brand new Z-Gallerie furniture. Fully equipped kitchen, 2 bathrooms, large living room with fireplace and separate dining room, smart TV, Cable and WiFi. Master bedroom has separate bathroom and two walk in closets. Second bedroom is large with its own walk in closet and futon for additional guests. Two other bedrooms are furnished with queen size beds and both rooms have closets. Corner lot with two entrances from each street with a driveway from Seward that fits 2-3 cars. There is a vacant guest house on property that can only be used for storage purposes. Short Term/Flexible Lease Available. Listing Agent is owner and a licensed broker; CA BRE 01456432.

  • April, 2018

  • Apr 13, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2017

  • Aug 10, 2017

    Date

    Sold (Public Records)

    Public Records

    $792,000

    Price

Show More

Tax History for 6575 Fountain Ave

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $1,165,248 -- --

Home Value Compared to the Market

This property vs the competition

6575 Fountain Ave is listed 51.72% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $117.85 per/sqft which puts the price per square foot 84.73% lower than the median price per square foot for the city of Los Angeles.

About 6575 Fountain Ave

Detailed summary of property

6575 Fountain Ave is a single family home located in Los Angeles, CA 90028 and is currently for sale. This house offers 12 bedrooms, 12 bathrooms, roughly 16,080 living square feet, and sits on an approximately 6,998 square foot lot. 6575 Fountain Ave was first listed on ArdentRealEstateGroup.com on September 13, 2023. The homeowner is currently asking $1,895,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 51.72% higher than the median priced home. Local competing homes currently for sale include 726 N Las Palmas Ave, 6021 Romaine St and 707 N Mccadden Pl. While the average home in Los Angeles, CA is selling in 97 days, 6575 Fountain Ave has a days on market of 216 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 6575 Fountain Ave Los Angeles, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6575 Fountain Ave

Public county record property details
Beds
3
Baths
2
Year built
1920
Sq. Ft.
2,624
Lot Size
6,998
Stories
1
Type
Motel
Pool
No
Spa
No
County
Los Angeles
Lot#
46
APN
5547-028-026

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$719
Median Sold Price
$1,172,000
Median Sold Price/Sq.Ft.
$710
Total Inventory
34
Median Sale to List Price %
117.32%
Avg Days on Market
9
Loan Type
Conventional (14.29%), FHA (0%), VA (0%), Cash (0%), 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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