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    5667 Fountain Avenue

    Los Angeles (City), CA 90028
    • $2,725,000
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: 20637150
    UPDATED: 39 min ago
    $2,725,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    I am pleased to present 5667 Fountain Avenue, a nine-unit apartment community in Hollywood. The property offers investors a unique opportunity to acquire a thoroughly renovated building with a stable operating history and substantial rental upside remaining. 5667 Fountain is situated just south from one of the most famous and highly trafficked thoroughfares in Los Angeles, Sunset Boulevard. The property is located one block away from the DASH Hollywood bus line and 0.7 miles to the Metro Red Line, which provides service from Downtown Los Angeles, Studio City, and North Hollywood. Furthermore, the location offers residents access to a myriad of entertainment venues, employment centers and restaurants. The property features, on-site parking, on-site laundry, secured access and is individually metered for electric and gas.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-26T13:30:56.55. 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 The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/110398049
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    5667 Fountain Avenue Los Angeles (City), CA 90028

    • Price: $2,725,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: 20637150
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1964
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    I am pleased to present 5667 Fountain Avenue, a nine-unit apartment community in Hollywood. The property offers investors a unique opportunity to acquire a thoroughly renovated building with a stable operating history and substantial rental upside remaining. 5667 Fountain is situated just south from one of the most famous and highly trafficked thoroughfares in Los Angeles, Sunset Boulevard. The property is located one block away from the DASH Hollywood bus line and 0.7 miles to the Metro Red Line, which provides service from Downtown Los Angeles, Studio City, and North Hollywood. Furthermore, the location offers residents access to a myriad of entertainment venues, employment centers and restaurants. The property features, on-site parking, on-site laundry, secured access and is individually metered for electric and gas.
    Exterior Features

    Lot Size Dimensions 50X150 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Covered Parking YN Yes Pool Features None Pool Private YN No Spa Features None Spa YN No

    Property Features

    Country Us Gross Income 198738.00 Gross Multiplier 13.71 Gross Operating Income 189422.00 Net Operating Income 121782.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 67641.00 Zoning Lar3

    Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-26T13:30:56.55. 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 The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003