8225 Fountain Avenue

    West Hollywood, CA 90046
    • $7,499,000
    • STATUS: Active
    • ON SITE: 366 days
    • ID#: 18326000
    Price Reduced
    UPDATED: 16 min ago
    $7,499,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,330
      SQFT
    • $804
      $/SQFT
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    AMAZING OPPORTUNITY TO OWN A PIECE OF HISTORY!!! MILLS ACT APPROVED!!! *Patio del Moro / 7 Luxury Units in West Hollywood*On the National Register of Historic Places since 1986. A true West Hollywood Landmark. Located within the Harper Avenue Historic District. Once in a lifetime opportunity for ownership. Current Mills Act application for tax abatement. Built in 1925 by architect Arthur & Nina Zwebell in an Andalusian and Moorish style architecture. Superior unit mix of 1 to 3 Bedroom Units. Large Units ranging from approximately 1,000-1,725 SF. 9,330 SF of building improvements. 7,995 SF lot. 3 story building. Intertwined private terraces and patios, Juliet balconies, private outdoor spaces. Currently under condo mapping review with the City of West Hollywood for Condo conversion. Property is in excellent condition. Former home of Charlie Chaplin, Humphrey Bogart and other historical celebrities.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-03-25T18:32:04.293. 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/81940028

    8225 Fountain Avenue West Hollywood, CA 90046

    • Price: $7,499,000
    • Status: Active
    • Updated: 16 min ago
    • ID#: 18326000
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    9,330
    SQFT
    $804
    $/SQFT
    1926
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    AMAZING OPPORTUNITY TO OWN A PIECE OF HISTORY!!! MILLS ACT APPROVED!!! *Patio del Moro / 7 Luxury Units in West Hollywood*On the National Register of Historic Places since 1986. A true West Hollywood Landmark. Located within the Harper Avenue Historic District. Once in a lifetime opportunity for ownership. Current Mills Act application for tax abatement. Built in 1925 by architect Arthur & Nina Zwebell in an Andalusian and Moorish style architecture. Superior unit mix of 1 to 3 Bedroom Units. Large Units ranging from approximately 1,000-1,725 SF. 9,330 SF of building improvements. 7,995 SF lot. 3 story building. Intertwined private terraces and patios, Juliet balconies, private outdoor spaces. Currently under condo mapping review with the City of West Hollywood for Condo conversion. Property is in excellent condition. Former home of Charlie Chaplin, Humphrey Bogart and other historical celebrities.
    Exterior Features

    Carport Spaces 6.00 Lot Size Units Square Feet Parking Features Side By Side Parking Total 6.00 Parking YN Yes

    Interior Features

    Appliances Garbage DisposalRefrigeratorDishwasher Appliances YN Yes Laundry Features Dryer IncludedGas Dryer HookupWasher Included

    Property Features

    Cap Rate 4.73 Electric Expense 6300.00 Fuel Expense 0.00 Gross Multiplier 18.67 Gross Operating Income 401485.00 Improvements Amount 117851 Insurance Expense 2400.00 Land Lease YN No Land Value 100324 Laundry Income 1800.00 Laundry YN Yes Maintenance Expense 1600.00 Net Operating Income 354985.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 8 Number Of Units Leased 7 Number Wall AC 7 Number With Carpet 0 Number With Dishwasher 7 Number With Disposal 7 Number With Drapes 7 Number With Patio 4 Number With Range 7 Number With Refrigerator 7 Pool Expense 0.00 Professional Management Expense 6000.00 Property Condition Building Permit Special Listing Conditions Standard Total Actual Rent 345096.00 Total Expenses 46500.00 Trash Expense 2000.00 Utilities Cable Available Water Sewer Expense 0.00 Zoning Wdr4*

    Listing provided courtesy of Scott Gorelick of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-03-25T18:32:04.293. 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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