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 | |
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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 |
sales@iagpm.com | |
Form | 5663 Fountain Ave Los Angeles, CA 90028 |