5200 Fountain Av Los Angeles, CA 90029

$1,785,000
Los Angeles, CA   90029
0 Beds, 0.0 Baths, 0 sq ft, 4,642 sq ft lot, Built in 1920
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,
4,642 sq ft lot
Built in 1920

Description

MLS# SR19102695

The subject site is surrounded by some of the most coveted submarkets in Los A ngeles 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. A n 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. A dditionally, the site is located in an Opportunity Zone and Enterprise Zone A ct Program/ Employment and Economic Incentive A ct Program allowing for further tax incentives. Listed by Christopher Martinez Diaz, Vinco Vinco Realty & Investments Inc.

Description

MLS# SR19102695

The subject site is surrounded by some of the most coveted submarkets in Los A ngeles 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. A n 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. A dditionally, the site is located in an Opportunity Zone and Enterprise Zone A ct Program/ Employment and Economic Incentive A ct Program allowing for further tax incentives. Listed by Christopher Martinez Diaz, Vinco Vinco Realty & Investments Inc.

Area
AREA: C20 - Hollywood
COUNTY: LA
Building Info
STORIES: 1
HEATING: Baseboard, Electric
LAUNDRY: None
Exterior Features
LOT: Corner Lot
Community
UNITS TOTAL: 3
STORIES TOTAL: 1
Land
WATER: Public
ZONE: R3-1
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