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5666 Fountain Avenue
Los Angeles, CA 90028
Sold
5666 Fountain Avenue
Los Angeles, CA 90028
Sold
I am pleased to present for sale 5666 Fountain Avenue, an 8-unit apartment building, located in the heart of Los Angeles' Hollywood neighborhood. As one of Los Angeles' most densely populated neighborhoods, this submarket's popularity has grown significantly over recent years, with a vibrant and lively nightlife scene and trendy retail and coffee shops in the immediate area. With new ground-up development in the immediate gentrifying area, the location has been catering to catering to families, young professionals and artists alike in recent years. The location of the asset is also considered "Very Walkable" with an 86 Walk Score and is situated a short distance from highly desirable dining and entertainment options.5666 Fountain Avenue currently consists of four one-bedroom units and four two-bedroom units. The property has Central AC/Heat and the roof was done in 2015. With all eight units being delivered vacant, new ownership will have the opportunity to renovate and achieve additional rental premiums immediately. The subject property allows an investor to acquire a well-located apartment asset with the unique ability to immediately renovate and re-tenant the property. Income and Expenses are based entirely off projections and do not represent the current performance of the property.
PROPERTY INFORMATION
| MLS # | 23283179 | Lot Size | 7,500 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,850,000
Price Per SqFt: $ 520 |
DOM | 682 Days |
| Address | 5666 Fountain Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 5,476 Sq. Ft. |
| Postal Code | 90028 | Garage | N/A |
| County | Los Angeles | Year Built | 1955 |
| Bed / Bath | 12 / 0 | Parking | 8 |
| Built In | 1955 | Status | Closed |
| Sold Date | 2023-09-29 |
INTERIOR FEATURES
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,040
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/21/2023 | Listed | $2,850,000 |
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Listing provided courtesy of Sean Rosenzweig, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
