7661 Fountain Avenue

    Los Angeles (City), CA 90046
    • $1,950,000
    • STATUS: Active
    • ON SITE: 247 days
    • ID#: 19514738
    Price Reduced
    $1,950,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    This charming mid-century six-unit complex is well located on Fountain Avenue and Spaulding in the City of Los Angeles. This property is well situated between Sunset and Santa Monica Boulevards. The east-west boundaries are Fairfax and La Brea; which offers convenient access to West Hollywood, the Sunset Strip and Hollywood. This building is easy to manage and maintain and this is its first time on the market in 50 years. +46% Upside in Rents! No parking retrofit required.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-30T00:26:51.72. 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 Robin McCann | EXIT Alliance Realty. Licensed in the State of California, USA.

    www.socalrealtyexpert.com/homes/99343797

    7661 Fountain Avenue Los Angeles (City), CA 90046

    • Price: $1,950,000
    • Status: Active
    • ID#: 19514738
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1955
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    This charming mid-century six-unit complex is well located on Fountain Avenue and Spaulding in the City of Los Angeles. This property is well situated between Sunset and Santa Monica Boulevards. The east-west boundaries are Fairfax and La Brea; which offers convenient access to West Hollywood, the Sunset Strip and Hollywood. This building is easy to manage and maintain and this is its first time on the market in 50 years. +46% Upside in Rents! No parking retrofit required.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Parking YN Yes

    Property Features

    Gross Income 120828.00 Gross Multiplier 16.97 Gross Operating Income 120828.00 Net Operating Income 77996.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 42832.00 Vacancy Allowance Rate 0.00 Zoning Lar3

    Listing provided courtesy of David Kaufman of David Ballin Kaufman


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-30T00:26:51.72. 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 Robin McCann | EXIT Alliance Realty. Licensed in the State of California, USA.

     
    Robin McCann | EXIT Alliance Realty
    43521 Rige Park Drive, Suite 201
    Temecula CA, 92590