1222 Beachwood Drive, Los Angeles, CA 90038
Local realty services provided by:ERA Excel Realty
1222 Beachwood Drive,Los Angeles, CA 90038
$1,700,000
- 0.16 Acres
- Lots / Land
- Active
Listed by: paul matusik
Office: prime desert estates714-875-2400
MLS#:219136692DA
Source:CRMLS
Price summary
- Price:$1,700,000
About this home
Prime Net Lease is pleased to present 1222 N Beachwood Dr, anexceptional residential development opportunity with RTI (ready-to-issue)permits in place, located in the highly coveted Hollywood 90038 zipcode. The project is fully entitled, including a complete architectural set,schematics, and budgets (available upon request), and is approved for 8Market Rate and 3 Low Income units. This modern 4-story developmentwill feature 11 thoughtfully designed units with a well-balanced unit mix,and first-floor parking with 14 vehicle spaces and 24 bicycle spaces (20long-term and 4 short-term).With a total area of 11,107 square feet and 9,547 square feet of livablespace, this opportunity appeals to a diverse range of tenants seeking toexperience Hollywood's vibrant cultural scene. The 6,752-square-foot lotis zoned R3 and contains no existing structure, sparing investors thefinancial burden of tenant buy-outs or demolition. The property's locationis rated as Very Walkable, with a Walk Score of 88.Located within an Opportunity Zone and designated as a TOC Tier 2area, 1222 N Beachwood Dr offers strategic tax incentives (Buyer toverify) and increased density options that align with the city's vision forurban growth and housing. The flexible layout allows for variousconfigurations, supporting the development of upscale apartments,boutique condominiums, or custom-designed units that cater toHollywood's diverse population of professionals, creatives, and families.On-site parking adds convenience and accessibility for residents--aninvaluable feature in this high-demand neighborhood.The property's prime Hollywood location places it within close proximityto iconic landmarks like the Hollywood Walk of Fame, Sunset Boulevard,and Melrose Avenue, providing easy access to an array of dining,entertainment, and shopping options. The area's strong rental demandand ongoing revitalization make this project a promising investment,positioned for both immediate appeal and long-term appreciation.This development site offers investors a unique opportunity to contributeto Hollywood's transformation, capturing the essence of L.A.'s dynamiclifestyle while establishing a residential landmark in one of the city's mostdesirable neighborhoods....
Contact an agent
Home facts
- Listing ID #:219136692DA
- Added:219 day(s) ago
- Updated:May 17, 2026 at 10:48 AM
Structure and exterior
- Lot area:0.16 Acres
Finances and disclosures
- Price:$1,700,000
New listings near 1222 Beachwood Drive
- Coming Soon
$599,500Coming Soon2 beds 2 baths18333 Hatteras Street #20, Tarzana, CA 91356
MLS# 26834915Listed by: KELLER WILLIAMS STUDIO CITY - New
$1,550,000Active16 beds 9 baths7,591 sq. ft.538 W 82nd Street, Los Angeles, CA 90044
MLS# 26835181Listed by: KIDDER MATHEWS OF CALIFORNIA, INC. - New
$4,999,999Active4 beds 8 baths6,408 sq. ft.2980 Hollyridge Drive, Los Angeles, CA 90068
MLS# 26835197Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - New
$105,000Active0.12 Acres848 Ganymede Drive, Los Angeles, CA 90065
MLS# AR26103816Listed by: CENTURY 21 VILLAGE REALTY - Coming Soon
$749,950Coming Soon3 beds 2 baths9388 Dorrington Place, Arleta, CA 91331
MLS# SR26107032Listed by: PARK REGENCY REALTY - New
$849,000Active3 beds 3 baths1,564 sq. ft.W Maple Way, West Hills, CA 91304
MLS# SR26107280Listed by: PINNACLE ESTATE PROPERTIES - New
$780,000Active4 beds 2 baths1,569 sq. ft.1847 W 68th, Los Angeles, CA 90047
MLS# SW26106121Listed by: CHARLOTTE T. DE HESA - Coming Soon
$998,000Coming Soon2 beds 3 baths520 S Barrington Avenue #116, Los Angeles, CA 90049
MLS# AR26092248Listed by: COLDWELL BANKER REALTY - New
$800,000Active7 beds 3 baths219 E 76th, Los Angeles, CA 90003
MLS# SB26107230Listed by: COLDWELL BANKER REALTY - New
$84,900Active3 beds 3 baths1,564 sq. ft.22814 Maple Way, West Hills, CA 91304
MLS# SR26107280Listed by: PINNACLE ESTATE PROPERTIES