8225 Fountain Avenue

    West Hollywood, CA 90046
    • $7,699,999
    • STATUS: Active
    • ON SITE: 234 days
    • ID#: 18326000
    UPDATED: 17 min ago
    $7,699,999
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,330
      SQFT
    • $825
      $/SQFT
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    *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 & Nini Zwebell*Andalusian Style building*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*Tremendous 25% upside in rents*Potential for condo conversion*Property is in excellent condition, attributed to the love of the building's previous owners*Former home of Charlie Chaplin, Humphrey Bogart and other historical celebrities*Listed at a 3.29% cap rate on actual income utilizing the Mills Act Tax Abatement

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T11:28:25.277. 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: $7,699,999
    • Status: Active
    • Updated: 17 min ago
    • ID#: 18326000
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    9,330
    SQFT
    $825
    $/SQFT
    1926
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    *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 & Nini Zwebell*Andalusian Style building*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*Tremendous 25% upside in rents*Potential for condo conversion*Property is in excellent condition, attributed to the love of the building's previous owners*Former home of Charlie Chaplin, Humphrey Bogart and other historical celebrities*Listed at a 3.29% cap rate on actual income utilizing the Mills Act Tax Abatement
    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

    Electric Expense 6300.00 Gross Multiplier 25.08 Gross Operating Income 340500.00 Improvements Amount 117851 Insurance Expense 3500.00 Land Lease YN No Land Value 100324 Laundry Income 1800.00 Laundry YN Yes Maintenance Expense 13000.00 Net Operating Income 232500.00 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 Property Condition Building Permit Special Listing Conditions Standard Total Actual Rent 338000.00 Total Expenses 107000.00 Trash Expense 3000.00 Utilities Cable Available Zoning Wdr4*

    Listing provided courtesy of Scott Gorelick of Compass.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T11:28:25.277. 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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