4920 Fountain Ave, Los Angeles, CA 90029

Listing agent Roobik Ovanesian License #CA 00997117

Listing office Cranbrook Realty Corp

Listing date Jan 20, 2023

Source Crexi

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Overview

This property is a development site suitable for multiple uses. One option is a 100% affordable housing development with approximately 28 units in a 5-story building, where no parking is required. Another option is a market-rate development with 16 units, plus additional dwelling units (ADUs), and parking, in a 4-story building. The property is located within walking distance of three major hospitals: Kaiser, Children’s, and Presbyterian.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

-118.2969

Latitude

34.09516

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FAQs

What type of property is this?

Commercial land - Development site near hospitals with multiple development options.

Where is this commercial 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 $1,499,000.

What are key features of this property?

This property features: Development site approved for **100% affordable housing with 28+/- units**.; **No parking required** for the affordable housing development.; Development site approved for market‑rate housing with 16 units plus ADUs.