8225 Fountain Ave West Hollywood , CA 90046
Sale
$7,200,000
7 Units
13 Beds
10 Baths
9,330 Area(sq.ft.)
7,997 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | $ 6,750 | $ 6,750 | $ 6,995 |
| Unit 2 | 2 | 2 | 2 | No | $ 5,198 | $ 10,395 | $ 11,990 |
| Unit 3 | 2 | 2 | 1 | No | $ 4,863 | $ 9,727 | $ 10,390 |
| Unit 4 | 2 | 1 | 1 | No | $ 2,813 | $ 5,626 | $ 7,190 |
| 4 | 7 | 13 | 10 | $ 32,498 | $ 58,246 | $ 66,135 |
| MLS #: | 24-357369 |
| Days On Market: | 42 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 772 |
| Price per unit: | $ 1,028,571 |
| Year Built: | 1926 |
Property Details
Patio del Moro is a true West Hollywood landmark on the National Register of Historic Places since 1986. This Spanish-Revival style courtyard complex features 7 maisonette apartments formerly home to Charlie Chaplin, Humphrey Bogart, Joyce Van Patten, Paulette Goddard, Joan Fontaine, and Suzanne Pleshette. Arthur and Nina Zwebel built this storybook complex in 1925, a husband and wife design team known for innovating the Southern California courtyard-style apartment design. With a premier, West Hollywood address Patio del Moro is located just 1 block south of the famed Chateau Marmont on the Sunset Strip. Its distinctive Andalusian and Moorish-inspired architecture boasts a copper-domed Tunisian tower, horseshoe-arched entrance tunnel, and tiled fountains in the private and public patios and fireplaces. Intertwined private terraces and patios, Juliet balconies, and private outdoor spaces distinguish Patio del Moro. Most units feature handcrafted beam work, lofty spaces with high ceilings, original fireplaces, Juliet balconies, oversized arched windows, french doors, private patios, and unique tilework throughout each whimsical space. As part of the historic Harper Avenue District, Patio del Moro is a Mills Act property with a financial incentive for historic preservation, offering owners who invest in rehabilitating historic buildings property tax savings. Patio del Moro is a part of the Golden Era Collection, four impeccably restored multifamily complexes in Los Angeles.Interested in this Listing?
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Income Details
| Rent Control: | Yes, 100% |
| Vacancy Rate: | 1% |
| Gross Operating Income: | $ 379,093 |
| Total Annual Expense: | $ 82,838 |
| Net Operating Income: | $ 296,255 |
| Gross Annual Income: | $ 390,817 |
| Gross Rent Multiplier: | 18.42 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
| Security Features: | Gated, Card/Code Access |
| Style: | Moorish/Moresque |
| View Description: | None |
Land & Parking
| Zoning: | WDR4* |
| Parking Garage: | Garage |
Interior
| AC/Cooling: | Other |
| Equipment: | Built-Ins, Freezer, Range/Oven, Refrigerator, Hood Fan |
| Heating: | Other |
| Fireplace Rooms: | Living Room |
| Laundry: | Community, Room |
Exterior
Detailed Map
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Income
