Multifamily
5265 Fountain Avenue
5265 Fountain Ave, Los Angeles, CA 90029
Listing Price: $2,750,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 5265 Fountain Avenue, a seven unit live/work apartment community with a commercial overlay allowance. The subject property is located on the Northeast corner of Fountain Avenue and North Harvard Boulevard in the heart of East Hollywood. It is ideally located three blocks east of the Interstate 101 Hollywood Freeway and one block south of Sunset Boulevard allowing tenants convenient access throughout Los Angeles.
The subject property is located one half mile east of the former Sears site located at 5601 Santa Monica Boulevard where BARDAS Investment Group and Bain Capital plan to develop 600,000 square feet of sound and flex stages, private bungalow space, retail space and creative office space. The project is expected to occur over a 25-month period and could be completed by 2026.
Situated on a 5,784 square foot lot, the property is comprised of six extremely unique and highly sought-after studio/loft creative units and one commercial office space. Select units have been thoroughly upgraded with in-unit washer/dryer, central HVAC and modern kitchens and finishes. Due to its 1986 construction, 5265 Fountain is not subject to Los Angeles City Rent Control, and is only subject to AB1482 State Rent Control. The property boasts a parking ratio of 1.7 with all parking spaces located behind a secured gate.
5265 Fountain Avenue provides investors with a rare opportunity to acquire a 1980’s constructed asset with a unique unit-mix and healthy income stream in a desirable East Hollywood submarket.
Investment Highlights
- Not Subject to City of Los Angeles Rent Control, Only Subject to AB1482 State Rent Control
- There are 12 Total Parking Spaces for Seven Units
- Current Ownership has Extensively Upgraded Select Units with New Flooring, Stainless Steel Kitchen Appliances, In-Unit Washers/Dryers, Central AC/Heat, Private Patios (Select Units) & More
- Located In The High-Growth, Burgeoning Submarket Of East Hollywood, CA, Which Boasts a Large Quantity of In-Progress or Recently Completed Residential Development Projects. Located Within Close Proximity To A Number Of National Retailers And High-End Residential Developments
- Consists of Six Desirable & Hard to Find Unique Live/Work Creative Loft Spaces, Which Remains Extremely Popular with the Artistic Renter Pool in this Neighborhood
- Generates Healthy Income Stream of More than $19,000 in Scheduled Rent Per Month
Exclusively Listed By
Financing By
Listing Price: $2,750,000
Investment Highlights
- Not Subject to City of Los Angeles Rent Control, Only Subject to AB1482 State Rent Control
- There are 12 Total Parking Spaces for Seven Units
- Current Ownership has Extensively Upgraded Select Units with New Flooring, Stainless Steel Kitchen Appliances, In-Unit Washers/Dryers, Central AC/Heat, Private Patios (Select Units) & More
- Located In The High-Growth, Burgeoning Submarket Of East Hollywood, CA, Which Boasts a Large Quantity of In-Progress or Recently Completed Residential Development Projects. Located Within Close Proximity To A Number Of National Retailers And High-End Residential Developments
- Consists of Six Desirable & Hard to Find Unique Live/Work Creative Loft Spaces, Which Remains Extremely Popular with the Artistic Renter Pool in this Neighborhood
- Generates Healthy Income Stream of More than $19,000 in Scheduled Rent Per Month
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 5265 Fountain Avenue, a seven unit live/work apartment community with a commercial overlay allowance. The subject property is located on the Northeast corner of Fountain Avenue and North Harvard Boulevard in the heart of East Hollywood. It is ideally located three blocks east of the Interstate 101 Hollywood Freeway and one block south of Sunset Boulevard allowing tenants convenient access throughout Los Angeles. The subject property is located one half mile east of the former Sears site located at 5601 Santa Monica Boulevard where BARDAS Investment Group and Bain Capital plan to develop 600,000 square feet of sound and flex stages, private bungalow space, retail space and creative office space. The project is expected to occur over a 25-month period and could be completed by 2026. Situated on a 5,784 square foot lot, the property is comprised of six extremely unique and highly sought-after studio/loft creative units and one commercial office space. Select units have been thoroughly upgraded with in-unit washer/dryer, central HVAC and modern kitchens and finishes. Due to its 1986 construction, 5265 Fountain is not subject to Los Angeles City Rent Control, and is only subject to AB1482 State Rent Control. The property boasts a parking ratio of 1.7 with all parking spaces located behind a secured gate. 5265 Fountain Avenue provides investors with a rare opportunity to acquire a 1980’s constructed asset with a unique unit-mix and healthy income stream in a desirable East Hollywood submarket.
Exclusively Listed By
Financing By

