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- LoopNet Team
5667 Fountain Ave
Los Angeles, CA 90028
9 Units in Hollywood | $100K Price Reduction · Multifamily Property For Sale
·
9 Units
PROPERTY FACTS
| No. Units | 9 | Building Size | 7,097 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.41/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R3 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,097 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | R3 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
ABOUT 5667 FOUNTAIN AVE , LOS ANGELES, CA 90028
Marcus & Millichap, as the exclusive listing agent, is pleased to present 5667 Fountain Avenue, a nine-unit apartment community in Hollywood. The property offers investors a unique opportunity to acquire a thoroughly renovated building with a stable operating history and substantial rental upside remaining. 5667 Fountain is situated just south from one of the most famous and highly trafficked thoroughfares in Los Angeles, Sunset Boulevard. The property is located one block away from the DASH Hollywood bus line and 0.7 miles to the Metro Red Line, which provides service from Downtown Los Angeles, Studio City, and North Hollywood. Furthermore, the location offers residents access to a myriad of entertainment venues, employment centers and restaurants. The property features, on-site parking, on-site laundry, secured access and is individually metered for electric and gas. Due to its 1964 construction, the property is subject to Los Angeles rent control statutes. Given the property’s prime location and value-add component, 5667 Fountain is an ideal investment for an investor seeking strong long term returns and appreciation within a prime Hollywood rental market.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 3 | - | 644 - 720 |
| 2+1 | 1 | - | 824 |
| 2+2 | 4 | - | 924 |
PROPERTY TAXES
| Parcel Number | 5545-020-009 | Improvements Assessment | $968,776 |
| Land Assessment | $1,823,897 | Total Assessment | $2,792,673 |
PROPERTY TAXES
