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5740 Fountain Avenue
Los Angeles, CA 90028
Sold
5740 Fountain Avenue
Los Angeles, CA 90028
Sold
Unleash the potential with this unique 8-unit bungalow-style property. With 4 units currently vacant, you have the perfect canvas to create the investment property of your dreams. Despite needing renovations, this property offers a significant opportunity to increase its value and generate steady rental income from day 1. Poised for growth and waiting for the right investor to bring it to life. Don't miss out on this fantastic opportunity to secure your financial future!" The property comprises of 4 detached structures, each with 2 units, this property offers ample space and versatility. Currently trading at an in-place 4.5% cap rate and a 14 GRM, this investment is sure to generate a solid return on your investment.... Seller has concept to add 4 additional units, ask agent for more info.
PROPERTY INFORMATION
| MLS # | 23239469 | Lot Size | 11,313 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,995,000
Price Per SqFt: $ 400 |
DOM | 816 Days |
| Address | 5740 Fountain Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 4,992 Sq. Ft. |
| Postal Code | 90028 | Garage | N/A |
| County | Los Angeles | Year Built | 1923 |
| Bed / Bath | 8 / 0 | Parking | N/A |
| Built In | 1923 | Status | Closed |
| Sold Date | 2023-05-15 |
INTERIOR FEATURES
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | No |
| Cooling Information | None |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,128
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/15/2023 | Sold | $1,850,000 |
| 03/13/2023 | Pending | $1,995,000 |
| 02/07/2023 | Listed | $2,200,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Adam Kanizo, LND Realty. 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.
