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7236 Fountain Ave
West Hollywood, CA 90046
Multifamily Property For Sale
·
19 Units
INVESTMENT HIGHLIGHTS
- Prime West Hollywood location
- Excellent unit mix
- Secured courtyard with swimming pool
- Significant 28% rental upside
- Abundant on-site parking
- Potential to revert to 20 operating units (buyer to verify)
EXECUTIVE SUMMARY
Kidder Mathews presents an exceptional mid-century value-add investment opportunity at 7236 Fountain Avenue in the highly desirable West Hollywood submarket, offering a substantial chance for immediate capital appreciation for the first time in decades. The building is currently operating as 19 units but is legally entitled for 20 units (buyer to verify), featuring an excellent unit mix of 7 two-bedroom, 11 one-bedroom, and 1 single. Investors can target an impressive 28% projected rental upside by executing strategic interior and exterior renovations to capture the premium rents realized for luxury rentals in this high-demand neighborhood. The property boasts excellent resident appeal with desirable amenities like a swimming pool, secured courtyard, and large unit layouts, complemented by abundant parking with capacity for up to 16 tandem spaces and an 11-car subterranean garage. Furthermore, the property benefits from operational efficiencies with seismic retrofitting, separate metering for utilities, and a solar water heating system. Situated in the sought-after 90046 ZIP code, the location is a Walker's Paradise (Walk Score of 92), placing residents moments from iconic destinations like the Sunset Strip, Melrose Avenue, and the Design District, ensuring smooth commutes and access to a vibrant cultural hub between Beverly Hills and Hollywood.
PROPERTY FACTS
| Price Per Unit | $286,842 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 5.05% | Building Size | 15,163 SF |
| Gross Rent Multiplier | 11.58 | Average Occupancy | 100% |
| No. Units | 19 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1.19/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4, West Hollywood | ||
| Price Per Unit | $286,842 |
| Sale Type | Investment |
| Cap Rate | 5.05% |
| Gross Rent Multiplier | 11.58 |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 15,163 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | R4, West Hollywood |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Security System
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 10 | - | - |
| 1+2 | 1 | - | - |
| 2+1.5 | 5 | - | - |
| 2+2 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 5531-007-049 | Improvements Assessment | $1,510,187 |
| Land Assessment | $399,636 | Total Assessment | $1,909,823 |
PROPERTY TAXES
Parcel Number
5531-007-049
Land Assessment
$399,636
Improvements Assessment
$1,510,187
Total Assessment
$1,909,823
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