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    7661 Fountain Avenue

    Los Angeles (City), CA 90046
    • $1,850,000
    • STATUS: Active Under Contract
    • ON SITE: 431 days
    • ID#: 19514738
    Under Contract
    UPDATED: 159 min ago
    $1,850,000
    • 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. Front Two Bedroom, One Bath is currently vacant and unremodeled.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-30T00:27:33.533. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/99343797
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    7661 Fountain Avenue Los Angeles (City), CA 90046

    • Price: $1,850,000
    • Status: Active Under Contract
    • Updated: 159 min ago
    • 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. Front Two Bedroom, One Bath is currently vacant and unremodeled.
    Exterior Features

    Carport Spaces 5.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Parking Total 5.00 Parking YN Yes

    Property Features

    Gross Income 117228.00 Gross Multiplier 16.17 Gross Operating Income 114883.00 Net Operating Income 74100.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 40784.00 Zoning Lar3

    Listing provided courtesy of David Kaufman of David Ballin Kaufman


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-30T00:27:33.533. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
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