$2,195,000
FOR SALEActive7011 Fountain
Los Angeles CA 90028
3,319
SF
Multi-Family
Type
1923
Built
$661/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
Fully occupied six-unit RSO multifamily at 7011 Fountain Ave in Hollywood. Three single-story buildings around a back courtyard, with six 1BD/1BA units of about 500 SF each. Current rents total $10,894/mo ($130,730/yr). Unit 1 was just leased at $1,995, and one long-term tenant pays $952, so there's room to grow as that unit turns. The prior owner documented about $196K in capital work, including foundation, main sewer line, storm drains and courtyard paving. Roofs on two buildings are under three years old. Copper plumbing, upgraded windows, water heaters 2-8 years old. Tenants pay electric, gas and trash. Coin laundry in the courtyard. Two gated off-site parking spaces, rented month to month. Buyer to verify all information, including income, expenses, zoning, square footage, permits and rent control.
Property Information
Property Overview
Commercial - MultiFamily
Property Type
Active
Status
0.1316 acres
Lot Size
6
Total Units
3,319 SF
Square Footage
$661.34/SF
Price per SF
1,923
Year Built
1
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
Data not available.
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CRMLS
MLS# SR26217235
Listed:
Nalren refreshed:
Last updated
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Listed by: The ONE Luxury Properties
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.