This prime mixed-use property offers a rare investment opportunity with both immediate income and long-term development potential. Featuring two commercial storefront units with excellent street visibility and three fully occupied residential units in the rear, the property is ideally suited for an investor looking to generate rental income now while planning for future growth. Zoned for higher density, it presents the potential to be redeveloped into a 25-unit building (buyer to verify with the city), making it a strong value-add opportunity in a rapidly evolving area. With solid foot traffic, strong rental demand and flexible zoning, this property is a versatile asset perfect for investors seeking a high-upside project.
Property Details
Price:
$1,600,000
MLS #:
25528785
Status:
Active
Baths:
0
Address:
5324 Fountain Avenue
Type:
Commercial
Subtype:
Commercial/Residential
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Apr 25, 2025
State:
CA
ZIP:
90029
Year Built:
1912
Schools
Interior
Heating
Central
Exterior
Parking Spots
5.00
Security Features
Automatic Gate
Financial
Map
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Courtesy of Nest Seekers. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 5324 Fountain Avenue
Los Angeles, CA
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