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7550 Fountain Ave , #10

West Hollywood, CA 90046
  • $3,950,000
  • STATUS: Active
  • ON SITE: 41 Days
  • MLS #: 21-111713
UPDATED: 50 min ago
$3,950,000
  • 14
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,390
    SQFT
  • $471
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Description

Significant upside in rents. One 2 BR/2 BA unit is vacant. Buyer has the opportunity to renovate the unit and obtain a higher rent. Priced at 12.2 x gross and 6% Cap with rents at market.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-24T11:42:31.283. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/124002849
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7550 Fountain Ave , #10 West Hollywood, CA 90046

  • Price: $3,950,000
  • Status: Active
  • On Site: 41 Days
  • Updated: 50 min ago
  • MLS #: 21-111713
14
Beds
0
Baths
0
½ Baths
0.16
Acres
8,390
SQFT
$471
$/SQFT
1958
Built
Neighborhood:
West Hollywood Vicinity
County:
Los Angeles
Area:
West Hollywood Vicinity
Property Description
Significant upside in rents. One 2 BR/2 BA unit is vacant. Buyer has the opportunity to renovate the unit and obtain a higher rent. Priced at 12.2 x gross and 6% Cap with rents at market.
Exterior Features

Lot Size Area 6853 Other Structures None Parking Garage Gated Total Parking 7

Interior Features

Baths Total 14.00 Cooling Air Conditioning Equipment None Heating Other

Property Features

Assessed Total Value 3295444 Gross Income 236358 Gross Operating Income 229267 Like Units1 4 Like Units2 6 Net Operating Income 151173.00 Number Of Buildings 1 Number Of Units 10 Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 78094 Type Of Units 1/12/2 Year Built Source Vendor Enhanced Zoning Wdr2*

Listing provided courtesy of Hamid Soroudi DRE#00708618 of Keller Williams Beverly Hills.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-24T11:42:31.283. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Hacienda Agency Inc
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La Quinta CA, 92253