4920 4922 W Fountain Avenue, Los Angeles, California 90029, Los Angeles, 90029 - bed, bath

4920 4922 W Fountain Avenue, Los Angeles, California 90029 home-pic-0

4920 4922 W Fountain Avenue

Los Angeles, California 90029

ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,656Sq Ft
6,827Lot Size

Property Price

LIST PRICE$1,499,000

SUMMARY

Analysis of 4920 4922 W Fountain Avenue, Los Angeles, California 90029 is currently available with a list price of $1,499,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

The property, built in 1924, has undergone recent cosmetic renovations including new laminate/hardwood flooring, fresh paint, modern flush-mount lighting, and mini-split AC units. The kitchen features updated cabinets and countertops, but the appliances (refrigerator and range) appear older and basic. No bathroom images are provided, which is a significant omission for a 'renovated' property. While the interior is move-in ready and functional for tenants, the overall structure is very old, and the kitchen appliances are outdated. The listing's emphasis on 'Possible Apts. Development project' with renderings for a new building suggests the property's primary value is in its land for redevelopment, rather than the long-term quality of the existing structure, despite its recent updates. This combination of an aged structure with partial, mostly cosmetic, updates places it in the 'Fair' category, as it's maintained but shows signs of being outdated in key areas and lacks a comprehensive modern renovation.

PROSSTRENGTHS & OPPORTUNITIES

  • Significant Development Potential

    The property offers substantial future value with explicit potential for apartment development, including options for 16 market-rate units (with subterranean parking) or 28 100% affordable ED1 units (no parking requirement).

  • Strong Current Income Stream

    The renovated duplex is fully leased, generating $6,600 monthly rent, providing immediate cash flow and offsetting holding costs for a developer or investor.

  • Prime Los Angeles Location

    Located in the highly desirable Hollywood area (MLS Area C20) of Los Angeles, ensuring strong demand and potential for appreciation.

CONSRISKS & DEFICIENCIES

  • Age of Existing Structure

    Built in 1924, the existing duplex is nearly a century old, which may entail higher maintenance costs if retained or significant demolition expenses if redeveloped.

  • No Scenic View

    The property description explicitly states 'view: None,' which could be a minor drawback in a market where scenic views often command a premium.

  • Development Project Complexity

    While offering high potential, undertaking a 16-28 unit apartment development is a complex endeavor involving substantial capital, time, and navigating regulatory hurdles, including potential subterranean parking requirements for market-rate units.

About 4920 4922 W Fountain Avenue

Renovated Duplex fully leased at $6,600 Monthly rent. Possible Apts. Development project Market Rate Project: 16 units includes 2 Affordable. 4 story Building with1 level Subterranean parking 100% Affordable: ED1 Project; 28 units of Singles & 1 bedrooms with No Parking requirement.

Property Details

Public Facts

Property Type
Duplex
Year Built
1924
Lot Size
6,827 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Los Angeles Unified Schools

Ramona Elementary School

Grades K-6 • 0.3 mi

3/10

Kingsley Elementary School

Grades K-5 • 0.4 mi

5/10

Lexington Avenue Primary Center

Grades K-2 • 0.5 mi

/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot1,6562,881
20%
Lot Size6,8276,752
60%
Price$1.50M$1.20M
60%
Price per sq ft$905$411
80%
Built year19241925
40%
HOA$0$0
50%
Days on market525388
0%

Pricing History

Listed for Sale

Sep 25, 2025

$1,499,000

Initial Listing

Price Change

Sep 27, 2024

$1,599,000

Initial Listing

Sold

Jul 1, 2022

$945,000

Public Record

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