Listing Detail

IAG

5663 Fountain Ave Los Angeles, CA 90028

Great 8 unit income property in Hollywood with excellent value added opportunity.

One block away from the DASH Hollywood Bus line and 0.7 miles from the Metro Red Line. Great price per unit for 8 x 2 bed 1 bath units in the area. Projected market rents can be higher once the property is enhanced. Separately metered for gas and electricity. One unit rehabbed and rented at $1,895 per month. Subject to City of Los Angeles Rent control ordinance. Sold AS IS and Where Is.

Property Highlights
Street 5663 Fountain Ave
City Los Angeles
State CA
Zip 90028
Status Available
Property Type Multi-family
Asking Price $2,399,000.00
Year Built 1956
Building Sq Ft 6,462
Number of units 8
CAP Rate 2.54%
GRM 21.21
Value per unit $299,875.00
Value per Square Feet $371.25
Broker Name Vinny Jain
Telephone 3102072288
Email [email protected]
Form 5663 Fountain Ave Los Angeles, CA 90028
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