Active
2208 Fox Hills Dr
Los Angeles CA, 90064
$8,700,000
$461.61 per sqft
Active
0.43 Acres
Land
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.
24-412091
MLSⓇ ID
July 7, 2024
Listed
October 2, 2024
Updated
Map
2208 Fox Hills Dr
Los Angeles CA, 90064
Exterior/Building Features
Lot Size
0.43 Acres
Sewer
In Street
Other Property Details
Area Name
Westwood - Century City
Days on Market
37
Garage
No
View
Yes
View Description
City, Landmark
County
Los Angeles
Water Source
Public
Pool
No
Zoning
LAR3
Listed by Eldad Shemtov with Prime Realty Team
Listing Contact: 310-707-1353
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Data last updated 10/2/2024