5324 Fountain Ave, 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. Brokered And Advertised By: Lee & Associates Listing Agent: Warren Berzack