5740 Fountain Avenue, Los Angeles, CA 90028

About this property

Unleash the potential with this unique 8-unit bungalow-style property. With 4 units currently vacant, you have the perfect canvas to create the investment property of your dreams. Despite needing renovations, this property offers a significant opportunity to increase its value and generate steady rental income from day 1. Poised for growth and waiting for the right investor to bring it to life. Don't miss out on this fantastic opportunity to secure your financial future!" The property comprises of 4 detached structures, each with 2 units, this property offers ample space and versatility. Currently trading at an in-place 4.5% cap rate and a 14 GRM, this investment is sure to generate a solid return on your investment.... Seller has concept to add 4 additional units, ask agent for more info.

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

Sale history

$1,850,000

Sold May 2023 · listed $1,995,000, orig. $2,200,000, on market February 2023 · MLS #23239469 · Source: CRMLS

Listing Agent: Adam Kanizo · Listing Office: Paloma Realty Partners, Inc. · Contact: 310-392-2436 · Bought with: Adam Kanizo · LND Realty

$1,330,000

Sold October 2021 · listed $1,750,000, on market June 2021 · MLS #SR21137584 · Source: CRMLS

Listing Agent: Larry Bovshow · Listing Office: Trust Properties USA,Inc · Contact: 310-362-3959 · Bought with: Larry Bovshow · Trust Properties USA,Inc

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