7654 Fountain Avenue

    West Hollywood, CA 90046
    • $3,825,000
    • STATUS: Active
    • ON SITE: 88 days
    • ID#: 20558678
    UPDATED: 124 min ago
    $3,825,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    7654 Fountain Avenue is an 11-unit apartment building located in West Hollywood, which is one of the most sought after neighborhoods in Los Angeles. Built in 1962, this property is comprised of 10,458 of rentable square feet and a lot size of 6,600 square feet. The building consists of seven one-bedroom/one-bathroom units and four two-bedroom/two-bathroom units. A selection of the units include private balconies. On-site laundry is also available for tenants along with gated parking, providing 11 parking spaces - one for each unit.The property is conveniently located just steps away from the endless shopping, entertainment, and dining outlets on Santa Monica Blvd. Situated just east of Fairfax, the property is just minutes to Runyon Canyon, Whole Foods, the Grove, the Hollywood Bowl, and many other outlets.This well located asset provides an excellent opportunity for an investor to obtain significant upside potential through tenant repositioning and renovation program.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-27T00:26:52.123. 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 or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

    www.playavistaliving.com/homes/103695304

    7654 Fountain Avenue West Hollywood, CA 90046

    • Price: $3,825,000
    • Status: Active
    • Updated: 124 min ago
    • ID#: 20558678
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1962
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    7654 Fountain Avenue is an 11-unit apartment building located in West Hollywood, which is one of the most sought after neighborhoods in Los Angeles. Built in 1962, this property is comprised of 10,458 of rentable square feet and a lot size of 6,600 square feet. The building consists of seven one-bedroom/one-bathroom units and four two-bedroom/two-bathroom units. A selection of the units include private balconies. On-site laundry is also available for tenants along with gated parking, providing 11 parking spaces - one for each unit.The property is conveniently located just steps away from the endless shopping, entertainment, and dining outlets on Santa Monica Blvd. Situated just east of Fairfax, the property is just minutes to Runyon Canyon, Whole Foods, the Grove, the Hollywood Bowl, and many other outlets.This well located asset provides an excellent opportunity for an investor to obtain significant upside potential through tenant repositioning and renovation program.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet

    Property Features

    Gross Income 225048.00 Gross Multiplier 16.49 Gross Operating Income 232008.00 Net Operating Income 143857.00 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0.00 Zoning Wdr2*

    Listing provided courtesy of Saadia 'Sam' Liberow of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-27T00:26:52.123. 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 or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

     
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