2208 Fox Hills Drive, Los Angeles
Los Angeles Home For Sale
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
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90064
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- MLS® #:
- 24412091
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- Lot Size:
- 0.43
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 8th, 2024 at 8:20am PDT. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.