$1,998,000

4281 Fountain Avenue, Los Angeles, CA 90029

3

Beds

2

Baths

1,700

Square feet

5,426

Lot Size

Listing Agent
Shane Markland - Compass

Discover the extraordinary potential of this one-of-a-kind multi-unit property. After an extensive 3-year application process, the zoning variance has been successfully granted, transforming this unique gem into a versatile space for residential and commercial use.Originally designed with two ground-floor store fronts and an upper-level space, this stunning Art Deco corner property sits on a spacious lot, offering abundant parking space suitable for multiple businesses, a luxurious residence, or a harmonious combination of both.The current zoning permits the construction of approximately three additional units or ADUs (Accessory Dwelling Units), maximizing the property's income potential. Moreover, the parking lot features an income-generating billboard, adding to the investment allure.For those with grand visions, the seller has secured fully approved architectural plans, which not only reimagine the existing structure but also expand it by an additional 400 square feet.Unlock the possibilities and make this unique property your canvas for creative ventures. Explore its potential as a lucrative investment, a dream home, or a blend of both, in a prime location with endless opportunities.

Facts & Features

MLS® # 23309299
Price $1,998,000
Bedrooms 3
Bathrooms 2.00
Full Baths 2
Square Footage 1,700
Lot Size 5,426
Year Built 1949
Type Residential
Sub-Type Single Family Residence
Status Active

Community Information

Address 4281 Fountain Avenue
Area 637 - Los Feliz
City Los Angeles
County Los Angeles
State CA
Zip Code 90029

Amenities

Parking Driveway, Uncovered
Garages Driveway, Uncovered
View None
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Wood
Heating Central
Cooling Central Air
Has Basement No
Fireplace Yes
Fireplaces None
Stories Multi/Split

Additional Information

Date Listed September 8th, 2023
Days on Market 24
Zoning LARD1.5
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentShane Markland
OfficeCompass

Listing Map

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