2208 Fox Hills Drive
Los Angeles, CA 90064
0.43 acres | #24412091
Description
The listing includes two lots to the south of the subject property, totaling close to 19,000 square feet of land zoned LAR3 with Tier 3 designation. The three parcels come with four tenant-occupied units. The seller has in place plans to build a 40-unit condominium project, utilizing the Tier 3 designation for additional units, higher Floor Area Ratio (FAR), and reduction in side yards and open space. The proposed building area exceeds 60,000 square feet, with a resale value of $52 million for the entire project or $60 million for individual units. Alternatively, the buyer can choose to build close to 50 units apartment building with a rental value of over $4 per square foot. The property is located in the coveted area of Century City, surrounded by high-end neighborhoods. It sits directly behind the Fox Studio lot, which is undergoing a $1.5 billion renovation project, and is within walking distance to Westfield Century City, golf courses, and parks. The property is centrally located near the employment center of Century City, UCLA, and tech companies, and enjoys a quiet street with pristine views.
Property Details
- ViewCityLights, Landmark
Measurements
- Acres0.4327
Construction Details
- Property TypePurchase
Utilities / Energy Details
- Sewer InformationOther
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$9,100,000
Other
- MLS #24412091
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Eldad Shemtov (#CLW-C105502)
Listing Office: Prime Realty Team (#CLW-X79800)
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