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$2,500,000
Est. payment /mo
3,040 SqFt
New
5200 Fountain AVE Los Angeles, CA 90029
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,040 sqft
Price per Sqft $822
MLS Listing ID 26848147
HOA Y/N No
Year Built 1920
Lot Size 4,643 Sqft
Property Description
Rare signalized corner property in the heart of East Hollywood featuring R3 zoning and highly desirable Mixed-Use Code 1210, allowing for residential, office, retail, and restaurant uses (restaurant use permitted with no parking requirement under AB 2097). The property currently consists of 3 recently remodeled units and offers exceptional flexibility for owner-users, investors, and developers. The two units, 5200 and 5202 Fountain Ave, together totaling approximately 2,200 square feet, may be sold separately for $1,680,000. Additionally, the property is located within both an Opportunity Zone and the Enterprise Zone Act Program/Employment and Economic Incentive Act Program, potentially providing buyers with valuable tax benefits and economic incentives. Ideally located just a short walk to Sunset Boulevard and minutes from Silver Lake, Los Feliz, Echo Park, and Koreatown, this property sits in one of Los Angeles' most vibrant and rapidly growing neighborhoods. Take advantage of valuable development incentives, including TOC and SB 35, creating tremendous upside potential for redevelopment or adaptive reuse. Whether you're looking to occupy, invest, or build, this unique mixed-use corner property offers endless possibilities in a highly sought-after location.Buyer to independently verify all zoning, development potential, and applicable incentives.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Heating None
Cooling Wall/Window Unit(s)
Fireplace No
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5537013007
Special Listing Condition Standard
Listed by Julius Chung Seeders Real Estate #01513264
NEARBY SCHOOL & BUSINESS