Fountain and Fairfax

Listing price includes the following apns / properties: 5554-002-011,10,09 / 7909 Fountain Avenue, 1301 N. Fairfax Avenue, 1307 N. Fairfax Avenue, West Hollywood CA 90046. Opportunity to own on a prominent corner in West Hollywood. The property currently consists of 3 single family residences on R4 lots totaling 9,765 SQFT of land area. The process of Entitlements had begun for 10 Condominium units designed by world renowned Architect, XTEN Architecture, whose homes have records sales in excess of $3,000/SQFT in Hollywood Hills. Based on property analysis prepared by Crest Real Estate, a maximum of 15 units could be pursued with inclusionary units and without zoning amendments. The plans have not been permitted, but did however proceed through public notice period for which no complaints were received and the City had welcomed the design. The property is subject to court approval and over-bid due to Bankruptcy.