4708 Fountain Ave, Los Angeles, CA 90029

Property Description

Hollywood commercial plaza for sale! Once in a lifetime opportunity. Major Updside Potential with nearly all rents month to month! The subject property is strategically located at the extremely busy signalized intersection of Vermont Ave and Fountain Ave, at the junction of the Silverlake, Los Feliz, East Hollywood and Koreatown neighborhoods. The property is one block away from Sunset and Vermont - one of the busiest corners in the Los Angeles area. Kaiser Hospital is one block away and Hollywood Presbyterian hospital is across the street from the subject property. Scientology center, Metro station, and Children's Hospital are all in the immediate area. Endless retailers, restaurant, and name brand tenants. Very minimal monthly maintenance. Tenant's are prime candidates to have their rents increased. Traffic counts at this location are extraordinary with major pedestrian traffic as well. The property enjoys nearly zero vacancy rates and the rents are currently far below market levels compared to other similar shopping centers in the vicinity. 11 units with small unit sizes, strong demographics, and extremely high traffic counts make this property a prime investment for anyone looking to buy in the Los Angeles area.