Skip To Content

7661 Fountain Ave

Los Angeles, CA 90046
  • $2,299,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 21-101815
UPDATED: 26 min ago
$2,299,000
  • 8
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,804
    SQFT
  • $479
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1955
County:
Area:

School Ratings & Info

Description

We are pleased to present 7661 Fountain Avenue, a 6-unit apartment building located just outside of West Hollywood, California. Situated on a 6,173 Sq Ft lot, the property consists of 4,804 SF, and features four (4) one bedroom / one bath and two (2) two bedrooms / two bath units. This property has gone through significant renovations by the current ownership, including two extensively renovated units which now boast stunning new floors, in-unit washers and dryers, modern faux fireplaces, stainless-steel appliances and more. In addition to the two renovated units, the exterior of the building was upgraded with new paint and a new electric gate, conveniently giving access to six (6) parking spaces for the tenants. Located within close proximity to world-famous shopping, dining, and entertainment venues, residents enjoy being within walking distance to everyday amenities while also having convenient access to the 101 Freeway. 7661 is the perfect opportunity for an investor looking to acquire a semi-stabilized investment property with future upside potential, which can be achieved through additional interior renovations.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T15:42:57.52. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/123014467
Print Image

7661 Fountain Ave Los Angeles, CA 90046

  • Price: $2,299,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 26 min ago
  • MLS #: 21-101815
8
Beds
0
Baths
0
½ Baths
0.14
Acres
4,804
SQFT
$479
$/SQFT
1955
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
We are pleased to present 7661 Fountain Avenue, a 6-unit apartment building located just outside of West Hollywood, California. Situated on a 6,173 Sq Ft lot, the property consists of 4,804 SF, and features four (4) one bedroom / one bath and two (2) two bedrooms / two bath units. This property has gone through significant renovations by the current ownership, including two extensively renovated units which now boast stunning new floors, in-unit washers and dryers, modern faux fireplaces, stainless-steel appliances and more. In addition to the two renovated units, the exterior of the building was upgraded with new paint and a new electric gate, conveniently giving access to six (6) parking spaces for the tenants. Located within close proximity to world-famous shopping, dining, and entertainment venues, residents enjoy being within walking distance to everyday amenities while also having convenient access to the 101 Freeway. 7661 is the perfect opportunity for an investor looking to acquire a semi-stabilized investment property with future upside potential, which can be achieved through additional interior renovations.
Exterior Features

Covered Parking 6 Lot Size Area 6173 Other Structures None Parking Garage Covered Parking Total Parking 6

Interior Features

Baths Total 6.00 Cooling Wall Unit(S) Equipment None Heating None

Property Features

Assessed Total Value 165385 Gross Income 137232 Gross Operating Income 133115 Like Units1 4 Like Units2 2 Net Operating Income 86001.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 47104 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Saadia 'Sam' Liberow DRE#01933858 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T15:42:57.52. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-101815-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-101815-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-101815-2.jpg
Logo
Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210