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.
Property Details
Property Features
Listing Office:
Office Name: Prime Desert Estates
Office Phone: (714) 875-2400
Listing Agent: Paul Matusik
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Other
Directions Information:
Directions: The land is located at 1222 N Beachwood Dr, between Fountain Ave and Lexington Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $1,900,000
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $876.5K more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #219119775DA
Listing Office:
Office Name: Prime Desert Estates
Office Phone: (714) 875-2400
Listing Agent: Paul Matusik
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/15/2024, 7:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Hollywood Primary Center
1115 Tamarind Ave
Distance between this listing and this school0.17 miles
Public District Grades KG-3
6
/10
Citizens of the World Charter School Hollywood
1316 N Bronson Ave
Distance between this listing and this school0.26 miles
Public Charter Grades KG-5
7
/10
Santa Monica Boulevard Community Charter
1022 N Van Ness Ave
Distance between this listing and this school0.41 miles
Public Charter Grades KG-6
Nearby Schools
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school0.22 miles
Public District Grades 6-8
4
/10
Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school0.97 miles
Public District Grades 6-8
5
/10
Virgil Middle School
152 N Vermont Ave
Distance between this listing and this school2.16 miles
Public District Grades 6-8
Nearby Schools
2
/10
Richard A. Alonzo Community Day
5755 Fountain Ave
Distance between this listing and this school0.34 miles
Public District Grades 7-12
2
/10
Helen Bernstein High School
1309 N Wilton Pl
Distance between this listing and this school0.44 miles
Public District Grades 9-12
7
/10
STEM Academy of Hollywood
1309 N Wilton Pl
Distance between this listing and this school0.44 miles
The neighbors living near this home have an average income of $34,667. Most Los Angeles, CA residents have annual incomes less than $35k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1222 Beachwood Dr
What is the listing price of this property?
The listing price of 1222 Beachwood Dr property is $1,900,000.
What type of property is this?
The property 1222 Beachwood Dr is land located in Los Angeles, California, 90038.
Is this property for sale now?
Active Listing: 1222 Beachwood Dr is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 1222 Beachwood Dr in Los Angeles, CA and zip code 90038 in the Central LA neighborhood. This home sits on a 0.15 acre lot. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $1,900,000.
Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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