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5200 Fountain Avenue, Los Angeles (City)
The subject site is surrounded by some of the most coveted submarkets in Los Angeles such as Silver Lake, Echo Park andLos Feliz. The site is located along Fountain Boulevard in one of the most transformative streets in East Hollywood. The area is going through an enormous amount of re-investment and the transformation of this corridor is clear with new restaurants, newly built multi-family and a 75-unit mixed-use project under construction just a few steps away. This location is prone to become one of the most coveted corridors in the area as current restaurants, and retail shops continue to thrive.The subject property offers the opportunity to acquire an exceptionally located corner storefront with three units. An investor has the ability to maximize rents by offering competitive market rents from the start. With retail rents trending over $3.50 PSF this investment opportunity has tremendous upside. Additionally, the site is located in an Opportunity Zone and Enterprise Zone Act Program/ Employment and Economic Incentive Act Program allowing for further tax incentives.
- MLS® #SR19098516
- ViewMountain View
- Listing AgentChristopher Martinez Diaz(01917060)
- Listing OfficeVinco Vinco Realty & Investmen
- Address5200 Fountain Avenue
- AreaHollywood (C20)
- CityLos Angeles (City)
- CountyLos Angeles
- Zip Code90029
- Date ListedApril 30th, 2019
- Days on Market49
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Last updated on June 18th, 2019 at 11:46am PDT