5666 Fountain Avenue, Los Angeles, CA 90028

About this property

I am pleased to present for sale 5666 Fountain Avenue, an 8-unit apartment building, located in the heart of Los Angeles' Hollywood neighborhood. As one of Los Angeles' most densely populated neighborhoods, this submarket's popularity has grown significantly over recent years, with a vibrant and lively nightlife scene and trendy retail and coffee shops in the immediate area. With new ground-up development in the immediate gentrifying area, the location has been catering to catering to families, young professionals and artists alike in recent years. The location of the asset is also considered "Very Walkable" with an 86 Walk Score and is situated a short distance from highly desirable dining and entertainment options.5666 Fountain Avenue currently consists of four one-bedroom units and four two-bedroom units. The property has Central AC/Heat and the roof was done in 2015. With all eight units being delivered vacant, new ownership will have the opportunity to renovate and achieve additional rental premiums immediately. The subject property allows an investor to acquire a well-located apartment asset with the unique ability to immediately renovate and re-tenant the property. Income and Expenses are based entirely off projections and do not represent the current performance of the property.

Listing description from the September 2023 sale, as reported to CRMLS.

Sale history

$2,270,000

Sold September 2023 · listed $2,850,000, on market June 2023 · MLS #23283179 · Source: CRMLS

Listing Agent: Sean Rosenzweig · Listing Office: Marcus & Millichap · Contact: 213-943-1800 · Bought with: Chase Simonton · RE/MAX One

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