$8,700,000
For Sale

2208 Fox Hills Drive

Los Angeles, CA 90064
Listing OfficePrime Realty Team
Browse 5 photos
Type:Purchase
Structure:Land
Zone:Residential

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

Pam and Carson Real EstateReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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