Property Listing No Longer Available for Sale

5212 Fountain Avenue, Los Angeles, CA

Multi-family for Sale - $2,125,000 - 6,460 Sq. Ft. on 0.26 acres

Property Info

  5212 Fountain Avenue
  Los Angeles CA 90029
UpdatedApril 13th, 2016
Building6,460 Sq. Ft.
Land0.26 acres

Property Description

5212 Fountain Avenue is a 10 unit, bungalow style courtyard apartment community in dynamic Hollywood.

Each unit features One Bedroom/One Bathroom, separate entries, gleaming hardwood floors, new tile baths, new wall furnaces, individual water heaters and private courtyard entry. Six (6) units feature private patios.

There are Ten (10) off street, on-grade parking spaces. Gas and electrical utilities are separately metered.

The Offering should attract strong investor interest due to asset's vintage character, significant upgrades, renovated features, great parking and little deferred maintenance as key indicators for investment.

Location Description:

Hollywood is known for it excellent examples of courtyard architecture and the subject property contributes to that reputation.

Young, affluent renters are attracted to this type of vintage Hollywood property and appreciate the property's proximity to Silver Lake's Sunset Junction and Downtown Los Angeles. Residents can easily walk to nearby shopping and dining experiences in the many ultra-hip, cutting edge well earned reputation as the center for the latest in design, food, art, entertainment, theaters and fashion.

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