5200 Fountain Av Los Angeles, CA 90029

$1,785,000
Los Angeles, CA   90029
0 Beds, 0.0 Baths, 0 sq ft, 4,641 sq ft lot, Built in 0
5200 Fountain Av, Los Angeles, CA 90029 Photo 0
5200 Fountain Av, Los Angeles, CA 90029 Photo 1
5200 Fountain Av, Los Angeles, CA 90029 Photo 2
5200 Fountain Av, Los Angeles, CA 90029 Photo 3
5200 Fountain Av, Los Angeles, CA 90029 Photo 4
5200 Fountain Av, Los Angeles, CA 90029 Photo 5
5200 Fountain Av, Los Angeles, CA 90029 Photo 6
0 Beds,
0.0 Baths,
0 sq ft,
4,641 sq ft lot
Built in 0

Description

MLS# SR19098516

The subject site is surrounded by some of the most coveted submarkets in Los Angeles such as Silver Lake, Echo Park and Los Feliz. The site is located along Fountain Boulevard in one of the most transformative streets in East Hollywood. The area is going through an enormous amount of re-investment and the transformation of this corridor is clear with new restaurants, newly built multi-family and a 75-unit mixed-use project under construction just a few steps away. This location is prone to become one of the most coveted corridors in the area as current restaurants, and retail shops continue to thrive. The subject property offers the opportunity to acquire an exceptionally located corner storefront with three units. An investor has the ability to maximize rents by offering competitive market rents from the start. With retail rents trending over $3.50 PSF this investment opportunity has tremendous upside. Additionally, the site is located in an Opportunity Zone and Enterprise Zone Act Program/ Employment and Economic Incentive Act Program allowing for further tax incentives. Listed by Christopher Martinez Diaz, Vinco Vinco Realty & Investments Inc.

Description

MLS# SR19098516

The subject site is surrounded by some of the most coveted submarkets in Los Angeles such as Silver Lake, Echo Park and Los Feliz. The site is located along Fountain Boulevard in one of the most transformative streets in East Hollywood. The area is going through an enormous amount of re-investment and the transformation of this corridor is clear with new restaurants, newly built multi-family and a 75-unit mixed-use project under construction just a few steps away. This location is prone to become one of the most coveted corridors in the area as current restaurants, and retail shops continue to thrive. The subject property offers the opportunity to acquire an exceptionally located corner storefront with three units. An investor has the ability to maximize rents by offering competitive market rents from the start. With retail rents trending over $3.50 PSF this investment opportunity has tremendous upside. Additionally, the site is located in an Opportunity Zone and Enterprise Zone Act Program/ Employment and Economic Incentive Act Program allowing for further tax incentives. Listed by Christopher Martinez Diaz, Vinco Vinco Realty & Investments Inc.

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  • Headshot
    Mike Misquez, MBA

    NMLS# 1662824

    Direct: (909) 251-2560
    Email: mike@colonialres.com

Area
AREA: C20 - Hollywood
COUNTY: LA
Building Info
VIEW: Mountain
Exterior Features
LOT: Value In Land
Community
HOA DUES 1: 0.00
COMMUNITY: Urban
Land
WATER: Public
ZONE: LAR3
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