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$ 2,195,000
Est. payment /mo
New
7011 Fountain Los Angeles, CA 90028
5,732 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26217235
HOA Y/N No
Year Built 1923
Lot Size 5,732 Sqft
Property Sub-Type Multi Family
Property Description
Fully occupied six-unit RSO multifamily at 7011 Fountain Ave in Hollywood. Three single-story buildings around a back courtyard, with six 1BD/1BA units of about 500 SF each. Current rents total $10,894/mo ($130,730/yr). Unit 1 was just leased at $1,995, and one long-term tenant pays $952, so there's room to grow as that unit turns. The prior owner documented about $196K in capital work, including foundation, main sewer line, storm drains and courtyard paving. Roofs on two buildings are under three years old. Copper plumbing, upgraded windows, water heaters 2-8 years old. Tenants pay electric, gas and trash. Coin laundry in the courtyard. Two gated off-site parking spaces, rented month to month. Buyer to verify all information, including income, expenses, zoning, square footage, permits and rent control.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Interior
Fireplace No
Laundry Common Area
Exterior
Present Use Investment
Building
Lot Description 6-10 Units/Acre
Story 1
Water Public
Others
Tax ID 5548023015
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard, Trust
Listed by Robert Biggs III The ONE Luxury Properties 213-361-6978, DRE #02015883
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