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    5667 Fountain Ave

    Los Angeles, CA 90028
    • $2,725,000
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: 20-637150
    UPDATED: 28 min ago
    $2,725,000
    • 13
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,097
      SQFT
    • $384
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    I am pleased to present 5667 Fountain Avenue, a nine-unit apartment community in Hollywood. The property offers investors a unique opportunity to acquire a thoroughly renovated building with a stable operating history and substantial rental upside remaining. 5667 Fountain is situated just south from one of the most famous and highly trafficked thoroughfares in Los Angeles, Sunset Boulevard. The property is located one block away from the DASH Hollywood bus line and 0.7 miles to the Metro Red Line, which provides service from Downtown Los Angeles, Studio City, and North Hollywood. Furthermore, the location offers residents access to a myriad of entertainment venues, employment centers and restaurants. The property features, on-site parking, on-site laundry, secured access and is individually metered for electric and gas.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-29T10:42:19.027. 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.trulinerealty.com/homes/110395504
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    5667 Fountain Ave Los Angeles, CA 90028

    • Price: $2,725,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: 20-637150
    13
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    7,097
    SQFT
    $384
    $/SQFT
    1964
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    I am pleased to present 5667 Fountain Avenue, a nine-unit apartment community in Hollywood. The property offers investors a unique opportunity to acquire a thoroughly renovated building with a stable operating history and substantial rental upside remaining. 5667 Fountain is situated just south from one of the most famous and highly trafficked thoroughfares in Los Angeles, Sunset Boulevard. The property is located one block away from the DASH Hollywood bus line and 0.7 miles to the Metro Red Line, which provides service from Downtown Los Angeles, Studio City, and North Hollywood. Furthermore, the location offers residents access to a myriad of entertainment venues, employment centers and restaurants. The property features, on-site parking, on-site laundry, secured access and is individually metered for electric and gas.
    Exterior Features

    Lot Size Area 7511 Other Structures None Parking Garage Covered Parking Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 10

    Interior Features

    Baths Total 12.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 1868377 Gross Income 195563 Gross Operating Income 190318 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 122632.00 Number Of Buildings 1 Number Of Units 9 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 67685 Type Of Units Residential Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-29T10:42:19.027. 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.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211