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    4920 Fountain Ave Los Angeles, CA 90029

    Sponsored
    For Sale
    $1,699,000

    Los Angeles Land, 6,824 sq ft, $1.7M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This Los Angeles development site, located at 4920 Fountain Ave, 90029, offers 6,824 square feet of land zoned R3-1. Priced at $1,699,000 ($263/sq ft), it presents an opportunity to develop either a 27-28+ unit 100% affordable housing project with ADUs (no parking required, 5-story building) or a 16-unit market-rate project with ADUs and parking (4-story building). The property includes six parking spaces and is situated within walking distance of three major hospitals: Kaiser, Children's, and Presbyterian. The site is currently held in LLC Fee Simple ownership. The pro-forma NOI is $65,000, resulting in a 3.52% cap rate. Annual rent bumps are permitted. Securing entitlements is estimated to take two or more years, with rental income potentially covering expenses during this period. The APN is 5540-010-003.

    Property Features for 4920 Fountain Ave

    General Information

    Property type
    Land

    HighLights

    • Strong rental income offsets holding costs during the 2‑year entitlement process.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.29697436258
    Latitude
    34.095373811416

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    FAQs

    What type of property is this?
    Land - Los Angeles Land, 6,824 sq ft, $1.7M
    Where is this land located?
    The property is located at 4920 Fountain Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: Strong rental income offsets holding costs during the 2-year entitlement process.; ;
    Request Owner's contact information
    4920 Fountain Ave Los Angeles, CA 90029
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    Los Angeles, CA 90029
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4920 Fountain Ave Los Angeles, CA 90029
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