7550 Fountain Avenue
7550 Fountain Avenue
$4,200,000
14
14
8,390
8,390
$501
Description
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...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!
- Listed by Yar Meshkaty • DRE #01060780 • Brokerage DRE #01464847 • Coldwell Banker Realty
Property Details for 7550 Fountain Avenue
Zoning
WDR2*
Parcel Number5530005002
Total Units10.0
Living Area8390
Source Living AreaVendor Enhanced
AreaWest Hollywood Vicinity (C10)
Vacancy Rate2
Lot Size Area6853
Location
LISTING UPDATED: 03/30/2024 07:42 AM
Property Details for 7550 Fountain Avenue
Status | Active |
---|---|
MLS # | 23-306965 |
Days on Market | 239 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1958 |
Lot Size | 0.16 AC / 6,853 SF |
County | Los Angeles County |
Location
Building Information for 7550 Fountain Avenue
Stories-Residences-Year Built1958Building Size-Lot Size0.16 AC / 6,853 SF
Payment Calculator
$22,921 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7550 Fountain Avenue
Property History for 7550 Fountain Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 7550 Fountain Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 |
Rating | School | Distance |
---|---|---|
Gardner Street Elementary School PublicK to 5 | ||
Hubert Howe Bancroft Middle School Public6 to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
West Hollywood Opportunity School Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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