7550 Fountain Ave West Hollywood , CA 90046

Sale

$4,200,000

10 Units

14 Beds

14 Baths

8,390 Area(sq.ft.)

6,853 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
Unit 1	4	2	2	No	$ 2,335	$ 9,341	$ 11,940
Unit 2	6	1	1	No	$ 1,792	$ 10,754	$ 13,200
2	10	14	14		$ 20,092	$ 101,888	$ 126,960

MLS #:	23-306965
Days On Market:	210
County:	Los Angeles
Property Type:	Residential Income
Price per ft²:	$ 501
Price per unit:	$ 420,000
Year Built:	1958

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

This exceptional investment opportunity is situated in the prime location of West Hollywood. The building comprises four spacious 2-bedroom, 2-bathroom units and six 1-bedroom, 1-bathroom units. Currently generating an annual income of $261,042, this property holds substantial income potential. There is immediate income upside with one recently updated 2-bedroom, 2-bathroom unit vacant on the upper floor, which can conservatively be projected to rent at $2,985 per month. Additionally, one 1-bedroom and 1-bathroom unit on the ground floor is currently vacant, with a projected monthly rental income of $2,200 per month. Located just moments away from the vibrant Sunset Strip, the coveted Norma Triangle neighborhood, the bustling Melrose shopping district, and the iconic Hollywood Walk of Fame, this property offers not only an attractive investment but also the allure of the West Hollywood lifestyle. Don't miss out on this outstanding investment opportunity!

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Income Details

Vacancy Rate:	2%
Gross Operating Income:	$ 253,211
Total Annual Expense:	$ 48,133
Net Operating Income:	$ 205,078
Gross Annual Income:	$ 261,042
Gross Rent Multiplier:	16.00