6915 Fountain Avenue

    Los Angeles (City), CA 90028
    • $2,195,000
    • STATUS: Active Under Contract
    • ON SITE: 185 days
    • ID#: 18333982
    Under Contract
    $2,195,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,685
      SQFT
    • $469
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1937
    County:

    School Ratings & Info

    Description

    Welcome to 6915 Fountain Ave! Located on a corner lot and shrouded in tall mature hedges, this Hollywood Regency Trophy 4-plex boasts 4,685 sq ft. and has been meticulously maintained. The property consists of 4 over-sized 1 bed + 1 bath units, each with careful attention to character detail and potential to convert into 2 bedrooms. The units feature hardwood floors, walk-in closets, laundry machines, and crown molding throughout. Major systems have been updated to include new copper plumbing, new HVAC and electrical systems, and drought tolerant landscaping. Possible for 2-3 units delivered vacant at close of escrow and remaining tenants, month to month, allowing for major upside and making this the perfect investment for an owner-user or 1031 exchange buyer. Lots of new development in the area, the property is zoned LAR3 and has potential for future development. A merger of modern conveniences and the magic of classic Hollywood, this is a must see! PLEASE DO NO DISTURB TENANTS.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-23T00:27:38.9. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/82817152

    6915 Fountain Avenue Los Angeles (City), CA 90028

    • Price: $2,195,000
    • Status: Active Under Contract
    • ID#: 18333982
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,685
    SQFT
    $469
    $/SQFT
    1937
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    Welcome to 6915 Fountain Ave! Located on a corner lot and shrouded in tall mature hedges, this Hollywood Regency Trophy 4-plex boasts 4,685 sq ft. and has been meticulously maintained. The property consists of 4 over-sized 1 bed + 1 bath units, each with careful attention to character detail and potential to convert into 2 bedrooms. The units feature hardwood floors, walk-in closets, laundry machines, and crown molding throughout. Major systems have been updated to include new copper plumbing, new HVAC and electrical systems, and drought tolerant landscaping. Possible for 2-3 units delivered vacant at close of escrow and remaining tenants, month to month, allowing for major upside and making this the perfect investment for an owner-user or 1031 exchange buyer. Lots of new development in the area, the property is zoned LAR3 and has potential for future development. A merger of modern conveniences and the magic of classic Hollywood, this is a must see! PLEASE DO NO DISTURB TENANTS.
    Exterior Features

    Lot Size Units Square Feet Parking Features Driveway Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling Central Cooling YN Yes Laundry Features Washer IncludedDryer Included

    Property Features

    Cap Rate 5.00 Gross Multiplier 15.20 Gross Operating Income 144680.00 Improvements Amount 135074 Land Value 270153 Laundry YN Yes Net Operating Income 108742.00 Special Listing Conditions Standard Total Expenses 0.00 Zoning Lar3

    Listing provided courtesy of Katherine Gallivan of Figure 8 Realty and Edward Faktorovich of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-23T00:27:38.9. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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