5663 Fountain Avenue

    Los Angeles (City), CA 90028
    • $2,399,000
    • STATUS: Active
    • ON SITE: 172 days
    • ID#: 18347412
    UPDATED: 24 min ago
    $2,399,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,462
      SQFT
    • $371
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    Standard Sale. Great 8 unit income property in Hollywood with excellent value added opportunity. One block away from the DASH Hollywood Bus line and 0.7 miles from the Metro Red Line. Great price per unit for 8 x 2 bed 1 bath units in the area. Projected market rents can be higher once the property is enhanced. Separately metered for gas and electricity. One unit rehabbed and rented at $1,895 per month. Subject to City of Los Angeles Rent control ordinance. Sold AS IS and Where Is.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-18T07:30:01.06. 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. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/84025223

    5663 Fountain Avenue Los Angeles (City), CA 90028

    • Price: $2,399,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: 18347412
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,462
    SQFT
    $371
    $/SQFT
    1956
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    Standard Sale. Great 8 unit income property in Hollywood with excellent value added opportunity. One block away from the DASH Hollywood Bus line and 0.7 miles from the Metro Red Line. Great price per unit for 8 x 2 bed 1 bath units in the area. Projected market rents can be higher once the property is enhanced. Separately metered for gas and electricity. One unit rehabbed and rented at $1,895 per month. Subject to City of Los Angeles Rent control ordinance. Sold AS IS and Where Is.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Detached Parking YN Yes Roof Flat

    Interior Features

    Appliances None Appliances YN No Laundry Features None

    Property Features

    Cap Rate 2.54 Gross Multiplier 21.21 Gross Operating Income 113093.00 Improvements Amount 633746 Insurance Expense 2400.00 Land Value 749932 Laundry YN No Licenses Expense 543.00 Maintenance Expense 5655.00 Net Operating Income 60950.00 Other Expense 2262.00 Pest Control Expense 600.00 Special Listing Conditions Standard Tenant Pays ElectricityCable TvGasTrash Collection Total Expenses 46488.00 Water Sewer Expense 7200.00 Zoning Lar3

    Listing provided courtesy of Vineendra Jain of Ingenious Asset Group, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-18T07:30:01.06. 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. Licensed in the State of California, USA.
     
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