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5436 Fountain Avenue

Los Angeles (City), CA 90029
  • $2,175,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: 320007848
UPDATED: 57 min ago
$2,175,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Description

The Fountain Apartments is a 10 unit apartment building, located in the Heart of Hollywood, consisting of 10 one bedroom one bathroom units, just blocks away various eateries and the main Hollywood train station. All units have various upgrades and it's own water heaters, essentially alleviating any gas bills for the owner to pay. There is no parking on-site and no laundry facility on-site either, but plenty of street parking and nearby laundromats. Three units will be delivered vacant, allowing investors to place tenants of choice. The affordability and location makes renters flock to the Fountain Apartments. With constant ongoing development around the entire area, the Fountain Apartments is truly a desirable property, in a desirable location, for both first time buyers or experienced investors. Total annual gross income for the property is $155,085

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T22:27:07.67. 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 Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/121873381
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5436 Fountain Avenue Los Angeles (City), CA 90029

  • Price: $2,175,000
  • Status: Active
  • Updated: 57 min ago
  • ID#: 320007848
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1923
Built
Neighborhood:
Not Applicable-105
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
The Fountain Apartments is a 10 unit apartment building, located in the Heart of Hollywood, consisting of 10 one bedroom one bathroom units, just blocks away various eateries and the main Hollywood train station. All units have various upgrades and it's own water heaters, essentially alleviating any gas bills for the owner to pay. There is no parking on-site and no laundry facility on-site either, but plenty of street parking and nearby laundromats. Three units will be delivered vacant, allowing investors to place tenants of choice. The affordability and location makes renters flock to the Fountain Apartments. With constant ongoing development around the entire area, the Fountain Apartments is truly a desirable property, in a desirable location, for both first time buyers or experienced investors. Total annual gross income for the property is $155,085
Exterior Features

Carport Spaces 0 Number Of Separate Electric Meters 11 Parking Features None Parking Total 0 Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall Flooring CarpetTile Heating Wall Furnace Heating YN Yes

Property Features

Cap Rate 4.85 Fuel Expense 0 Garage YN No Gross Scheduled Income 155085 Insurance Expense 4019 Land Lease Amount 0 Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 6700 Net Operating Income 0 New Taxes Expense 25947 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 0 Operating Expense 0 Other Expense 0 Special Listing Conditions Standard Supplies Expense 0 Tax Annual Amount 0 Total Actual Rent 0 Trash Expense 0 Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 11759 Zoning Lar4

Listing provided courtesy of Hagop Baboudjian of Baboudjian Properties Inc.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T22:27:07.67. 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 Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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