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$ 2,195,000
Est. payment | /mo
4 Beds
4 Baths
5,731 Sqft Lot
$ 2,195,000
Est. payment | /mo
4 Beds
4 Baths
5,731 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26243693
Bedrooms 4
Lot Size 5,731 Sqft
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Direction Fountain Ave just east of La Brea Ave in prime Hollywood
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5548023015
Acceptable Financing Exchange
Listing Terms Exchange
Listed by Robert Biggs III, DRE#02015883 The ONE Luxury Properties
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