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Dilbeck Real Estate
Real Living
818-790-6774

5324 Fountain Avenue, LOS ANGELES CA, 90029

(Closed)
Sold Price:
$618,500
Date:12/31/2013
|
3,540 sqft
|
MLS# SR13194085
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Listing Provided Courtesy Of: Lee & Associates
Last Updated: 4/16/2014 10:16 AM
Description for 5324 Fountain Avenue LOS ANGELES, CA 90029
Rents have never been raised and are significantly below market. A new owner will have the opportunity to bring them to market rates and realize a significant return on their investment. The subject property is a mixed-use, retail and residential property with three separate structures totaling 3,540 square feet. Set on a 9,624 square foot lot, the property has a 640 square foot retail storefront with easy access and great visibility to Fountain Avenue. To the side of the property, there is a gated driveway leading to a two-bedroom house and a separate three-bedroom house with a detached garage. The property offers an ideal owner/user opportunity and has redevelopment potential with an R3 lot that can fit up to 12 units. Located in the neighborhood of East Hollywood, the property is just a few blocks east of the 101 Freeway between Sunset Boulevard and Santa Monica Boulevard. Situated in between Hollywood and Silver Lake, the property is located in a ideal area for a developer or an owner/user.
Price
Sold Price:
$618,500
Sold Date:12/31/2013
Los Angeles
3,540 (approx)
SR13194085
Closed
Description
Rents have never been raised and are significantly below market. A new owner will have the opportunity to bring them to market rates and realize a significant return on their investment. The subject property is a mixed-use, retail and residential property with three separate structures totaling 3,540 square feet. Set on a 9,624 square foot lot, the property has a 640 square foot retail storefront with easy access and great visibility to Fountain Avenue. To the side of the property, there is a gated driveway leading to a two-bedroom house and a separate three-bedroom house with a detached garage. The property offers an ideal owner/user opportunity and has redevelopment potential with an R3 lot that can fit up to 12 units. Located in the neighborhood of East Hollywood, the property is just a few blocks east of the 101 Freeway between Sunset Boulevard and Santa Monica Boulevard. Situated in between Hollywood and Silver Lake, the property is located in a ideal area for a developer or an owner/user.
Listing Information
Property Type: Multi-Family
9,624 Sq. Ft. Public Records 3,540 (approx)
$174.72 1912
Public, Water District
Connected on Bond, In
3 Total
Neighborhood
Room Information
Inside
Interior Features
Hardwood
Window/Wall Unit
Wall Unit
Living Room
Exterior / Lot Features
2 Garage Spaces, 2 Parking Spaces
None
No Pool
Near Public Transit
Financial Considerations
5537003009
$1,856
2012
Submit
Income ,$16,765
38640.0000
Semi Annually
Listing Price History

LOS ANGELES Real Estate

LOS ANGELES is located in California. LOS ANGELES, California 90029 has a population of  3,792,621.

The median household income in LOS ANGELES, California 90029 is $46,901. The median household income for the surrounding county is $52,874 compared to the national median of $50,935. The median age of people living in LOS ANGELES 90029 is 34.2 years.

Sales History
Tax Info
Listing Provided Courtesy Of: Lee & Associates Warren Berzack
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved.
Information is deemed reliable but is not guaranteed.

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