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5734 Fountain Ave

Los Angeles, CA 90028
  • $1,495,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 21-110385
UPDATED: 52 min ago
$1,495,000
  • 4
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,520
    SQFT
  • $425
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1923
County:
Area:

School Ratings & Info

Description

Value Add 4 unit apartment complex in a prime Hollywood location. The property comprises on a single structure with all one-bedroom/one-bathroom layouts. This large lot allows for an investor to add two or more ADU's in the back lot, taking advantage of the R3 zoning and CA new ADU Laws. The property has one vacancy which is in need of a full renovation, primed for an owner/occupier looking to make this place their own while taking advantage of low interest/down payment financing.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-27T11:42:44.81. 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.markwiseproperties.com/homes/123795182
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5734 Fountain Ave Los Angeles, CA 90028

  • Price: $1,495,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 52 min ago
  • MLS #: 21-110385
4
Beds
0
Baths
0
½ Baths
0.18
Acres
3,520
SQFT
$425
$/SQFT
1923
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
Value Add 4 unit apartment complex in a prime Hollywood location. The property comprises on a single structure with all one-bedroom/one-bathroom layouts. This large lot allows for an investor to add two or more ADU's in the back lot, taking advantage of the R3 zoning and CA new ADU Laws. The property has one vacancy which is in need of a full renovation, primed for an owner/occupier looking to make this place their own while taking advantage of low interest/down payment financing.
Exterior Features

Cross Streets Sunset Blvd And N Van Ness Lot Size Area 7701 Other Structures None Parking Garage None Total Parking 4

Interior Features

Baths Total 4.00 Cooling None Equipment None Heating None

Property Features

Assessed Total Value 1179421 Gross Income 68328 Gross Operating Income 66728 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 37198.00 Number Of Buildings 1 Number Of Units 4 Owner Pays Water Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGasTrash Collection Total Annual Expense 29080 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Adam Kanizo DRE#02008361 of Lnd Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-27T11:42:44.81. 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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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270