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

4920 4922 W Fountain Avenue
Los Angeles, California 90029
Property Price
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
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interior is move-in ready and functional for tenants, the overall structure is very old, and the kitchen appliances are outdated.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with partial, mostly cosmetic, updates places it in the 'Fair' category, as it's maintained but shows signs of being outdated in key areas and lacks a comprehensive modern renovation.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
Kingsley Elementary School
Grades K-5 • 0.4 mi
Lexington Avenue Primary Center
Grades K-2 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,656 | 2,881 | 20% |
| Lot Size | 6,827 | 6,752 | 60% |
| Price | $1.50M | $1.20M | 60% |
| Price per sq ft | $905 | $411 | 80% |
| Built year | 1924 | 1925 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 525 | 388 | 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
























