Hollywood Residential Development
For Sale
Contact for pricing
1222 Beachwood Dr, Los Angeles, CA 90038
Ready-to-issue permits for 11 units in Hollywood's Opportunity Zone.
Property SizeContact for details
Lot Size6,752.00 Acres
Days on Market137
Property Features for 1222 Beachwood Dr
General Information
Standard status
Active
Lot size
6,752.00 Acres
Property subtype
Land, Multifamily
Zoning
LAR3
Investment Type
Redevelopment
Listing Agency:
Prime Net Lease
(800) 948-1250
Listed By:
Michael Matusik · License #CA 01888322
Source:
Crexi
Added: Mar 26
Changed: Aug 8
Last Checked: Aug 8 at 4:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prime Net Lease
Investment Insights
Based on property information with market context.
Located in Hollywood, this residential development opportunity features ready-to-issue permits for a modern 4-story development. The project is fully entitled, including architectural sets, schematics, and budgets. Approved for 8 market rate and 3 low-income units, the development will feature 11 units with a balanced unit mix. The total area is 11,107 square feet, including 9,547 square feet of livable space. First-floor parking includes 14 vehicle spaces, 20 long-term bicycle spaces, and 4 short-term bicycle spaces. The 6,752-square-foot lot is zoned R3 and contains no existing structure. Located within an Opportunity Zone and designated as a TOC Tier 2 area, the property offers tax incentives and increased density options. The flexible layout supports the development of upscale apartments, boutique condominiums, or custom-designed units. The location is rated as Very Walkable, with a Walk Score of 88. The property is near the Hollywood Walk of Fame, Sunset Boulevard, and Melrose Avenue, providing access to dining, entertainment, and shopping. This development site allows investors to contribute to Hollywood’s transformation while establishing a residential landmark.
Key Highlights
- RTI (ready‑to‑issue) permits are in place for an 11‑unit residential development in Hollywood.
- Located in an Opportunity Zone and TOC Tier 2 area, offering tax incentives and increased density.
- Prime Hollywood location with a Walk Score of 88, providing easy access to amenities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,534
Businesses Nearby
Explore this area
Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Ready-to-issue permits for 11 units in Hollywood's Opportunity Zone.
Where is this residential land & home lot located?
The property is located at 1222 Beachwood Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: RTI (ready‑to‑issue) permits are in place for an 11‑unit residential development in Hollywood.; Located in an Opportunity Zone and TOC Tier 2 area, offering tax incentives and increased density.; Prime Hollywood location with a Walk Score of 88, providing easy access to amenities.
