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4920 Fountain Ave - Multi-Family Development Opportunity 0.16 Acres of Residential Land Offered at $1,499,000 in Los Angeles, CA 90029
Executive Summary
Currently Leased at $4.00 per sq. ft.
Property Facts
| Price | $1,499,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.16 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | R3-1 - Multiple Dwelling | ||
| Price | $1,499,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.16 AC |
| Opportunity Zone |
Yes |
| Zoning | R3-1 - Multiple Dwelling |
1 Lot Available
Lot
| Price | $1,499,000 | Lot Size | 0.16 AC |
| Price Per AC | $9,368,750.00 |
| Price | $1,499,000 |
| Price Per AC | $9,368,750.00 |
| Lot Size | 0.16 AC |
0.16 acres of land R3 zoning. Redevelop into any of the following projects: A. For Sale 5 Townhomes B. Market Rate For Rent Apts. 16 C. 100% Affordable For Rent Apts. 28U & No Parking
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Very walkable
80/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5540-010-003 | Improvements Assessment | $208,080 |
| Land Assessment | $806,310 | Total Assessment | $1,014,390 |
Property Taxes
Parcel Number
5540-010-003
Land Assessment
$806,310
Improvements Assessment
$208,080
Total Assessment
$1,014,390
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4920 Fountain Ave - Multi-Family Development Opportunity