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5965 Fountain Avenue
Hollywood, CA 90028 ·

6 Units · Multifamily For Sale

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6 Units Hollywood

Price N/A Gross Rent Multiplier 9.85
No. Units 6 Occupancy 100%
Building Size 5,108 SF No. Stories 1
Property Type Multifamily Year Built 1924
Property Sub-type Garden/Low-Rise Lot Size 6,621 SF
Property Use Type Investment APN / Parcel ID 5545-014-028
Cap Rate 7.10%
Listing ID: 16252406 Date Created: 05/26/2009 Last Updated: 07/20/2009

Description

The Fountain Apartments is a 6 unit garden style community located on a corner lot in the Hollywood area at 5965 Fountain Avenue & 1302 Gordon Ave, Los Angeles 90028.

The property is sited on a +/- 6,621 SF lot and consists of 2 separate buildings including a 2+2 unit, a 2+1 unit and four (4) One Bed / One Baths. FOUR OF SIX UNITS HAVE BEEN EXTENSIVELY RENOVATED.

This is an exceptional offering for the astute investor who can realize strong current income in a robust rental market with strong drivers for future rent growth.

There is no smaller Hollywood investment opportunity like this on the market with these current financials and with future rental upside.

***DO NOT WALK PROPERTY WITHOUT EXCLUSIVE LISTING AGENT***

South of Sunset Bl and East of Gower on the corner of Fountain Ave and Gordon Ave. Across from Sunset Gower Studios.

Highlights

  • 4 OF 6 UNITS FULLY RENOVATED - NEW KITCHENS / BATHS / ETC
  • STRONG HOLLYWOOD RENTAL MARKET
  • EXCELLENT UNIT MIX, 2 BEDROOMS & ONE BEDROOMS
  • NO DEFERRED MAINTENANCE
  • PARKING FOR 2-4 VEHICLES
  • STRONG RENTAL UPSIDE

Research

5965 Fountain Avenue, Hollywood, CA 90028 (Los Angeles County)

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