tomo logo

$1,699,000

Beds
3
Baths
2.0
sq ft
1,700

4281 Fountain Ave, Los Angeles, CA 90029

4281 Fountain Ave

Los Angeles, CA 90029

  • 99 days on market
Discover the extraordinary potential of this one-of-a-kind multi-unit property, in close proximity to Silverlake's Sunset Junction. 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.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. All approvals, plans and permits to be verified by Buyer.

Details

Property type

Single Family Residence

Est. home value

$1,963,007

Lot size

5,426 sq ft

Price per sq ft

$1,000

Year built

1949

Price History

03/21/2024
CLAW

CLAW #24371307

Listed
$1,699,000

Schools & Community

Neighborhood: 

Los Feliz

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

September 2015

Original loan amount

$960,000

Est. remaining balance

Not provided

Interest rate

4.04%

Loan type

Commercial

Seller

Eric Arturo Espinoza and Christine Formosa Lai

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

CRMLS
$1,698,888
3 bd
|
2 ba
|
1,380 sq ft
|
House

4132 Clayton Ave, Los Angeles, CA 90027

CRMLS
$1,650,000
3 bd
|
2 ba
|
1,258 sq ft
|
House

1319 N Occidental Blvd, Los Angeles, CA 90026

CLAW
$1,599,000
3 bd
|
2 ba
|
1,498 sq ft
|
House

2435 Lyric Ave, Los Angeles, CA 90027

Status: Active

Tomo last checked: 06/29/2024 at 5:15 AM

Listing updated: 03/29/2024 at 5:22 AM

Listed by: Shane Markland, Compass Phone #: (323) 593-6999

MLS: CLAW #24371307

CLAW logo

Recently listed in Los Angeles