7661 Fountain Avenue

Los Angeles, CA 90046

$2,050,000
Last Sold Price
8
Beds
6
Baths
4,804 Sq. Ft.
$427 / Sq. Ft.
4,804
Sq. Ft.
$427
per Sq. Ft.

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...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.
  1. Listed by Saadia 'Sam' Liberow • DRE #01933858 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 7661 Fountain Avenue

Zoning
LAR3
Parcel Number
5550031015
Total Units
6.0
Living Area
4804
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
4,117
Lot Size Area
6173

Location

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858

Sold By Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858

Add your commute
LISTING UPDATED: 12/29/2021 10:22 AM

Property Details for 7661 Fountain Avenue

StatusSold
MLS #21-101815
Days on Market40
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.14 AC / 6,173 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858

Sold By Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858

Add your commute

Building Information for 7661 Fountain Avenue

Stories2Residences-Year Built1955Building Size-Lot Size0.14 AC / 6,173 SF

Payment Calculator

$13,360 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,188

Property Taxes

$2,172

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7661 Fountain Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $133,115
  • Net Operating Income: $86,001.00
  • Gross Income: $137,232
  • Cap Rate: 3.91%
  • Gross Rent Multiplier: $16.03
  • Actual Annual Gross Rent: $137,232.00
  • Vacancy Allow Dollar: $4,117.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 47104
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1417
  • Lot Size Square Feet: 6173
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 6
  • Covered Parking: 6
  • Parking Features: Covered
Interior Features
Interior Features
  • Cooling Type: Wall Unit(s)
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-03-2021
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,434.00
  • Unit Actual Rent: $5,736.00
  • Unit Projected Rent: $8,800.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,850.00
  • Unit Actual Rent: $5,700.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $98,835.00
  • Assessed Improvement Percent: 59.76
  • Assessed Land Value: $66,550.00
  • Assessed Land Percent: 40.24
  • Assessed Total Value: $165,385.00

Property History for 7661 Fountain Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7661 Fountain Avenue

Taxable ValueLand$1,785,000Additions$306,240Total$2,091,240
Tax Record2023$26,069 ($2,172 / month)
Home Facts
Total Finished SqFt4,804 SqFtAbove Grade Finished SqFt4,804 SqFtLot Size6,173 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningLAR3CountyLOS ANGELESAPN5550-031-015

Schools near 7661 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.