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    7530 Fountain Ave

    West Hollywood, CA 90046
    • $3,100,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: 20-598848
    UPDATED: 53 min ago
    $3,100,000
    • 12
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,175
      SQFT
    • $379
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    he property features 8,175 square feet of gross rentable area, situated on a 6,926-square foot lot. The ten-unit building is composed of eight one-bedroom/one-bathroom units and two two-bedroom/two-bathroom units.The building is well-maintained and offers gated secured entry and on-site parking for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Santa Monica Boulevard, sandwiched between Curson Avenue to the west and Gardner Street to the east. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles.Due to the propertys premier location and rental upside, 7530 Fountain Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of West Hollywood.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-03T06:43:59.07. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/107451459
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    7530 Fountain Ave West Hollywood, CA 90046

    • Price: $3,100,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: 20-598848
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    8,175
    SQFT
    $379
    $/SQFT
    1957
    Built
    Neighborhood:
    West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    West Hollywood Vicinity
    Property Description
    he property features 8,175 square feet of gross rentable area, situated on a 6,926-square foot lot. The ten-unit building is composed of eight one-bedroom/one-bathroom units and two two-bedroom/two-bathroom units.The building is well-maintained and offers gated secured entry and on-site parking for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Santa Monica Boulevard, sandwiched between Curson Avenue to the west and Gardner Street to the east. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles.Due to the propertys premier location and rental upside, 7530 Fountain Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of West Hollywood.
    Exterior Features

    Direction Faces North Lot Size Area 6926 Other Structures None Parking Garage Covered Parking Total Parking 10

    Interior Features

    Baths Total 10.00 Cooling Window Unit(S) Equipment None Heating Wall

    Property Features

    Assessed Total Value 1393206 Gross Income 177744 Gross Operating Income 174189 Like Units1 8 Like Units2 2 Net Operating Income 96602.00 Number Of Buildings 1 Number Of Units 10 Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 77588 Type Of Units Standard Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Wdr2*

    Listing provided courtesy of Tony Azzi DRE#00910513 of Tony Azzi.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-03T06:43:59.07. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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