7526 Fountain Ave 10 Unit Apartment Building Offered at $2,400,000 at a 5.29% Cap Rate West Hollywood, CA 90046

Northmarq, as the exclusive listing agent, is pleased to present the opportunity to acquire 7526 Fountain Avenue, a 10-unit value-add multifamily investment located in West Hollywood.
Constructed in 1955, the property remains largely untouched, providing investors with a clear opportunity to renovate and reposition a well-located apartment community over time. The property’s original condition allows new ownership to implement a cohesive improvement program while capturing meaningful embedded rental upside as units naturally turn.
Situated on an approximately 7,500-square-foot lot, the property encompasses approximately 7,747 gross square feet and features two (2) studio units, seven (7) one-bedroom units, and one (1) two-bedroom/one-bathroom unit. The gated property also includes 10 parking spaces and an owner-owned laundry facility.
Current in-place rents average approximately $1,748 per unit, compared with underwritten market rents of approximately $2,255 per unit, representing approximately 22% loss-to-lease. Combined with the property’s largely original condition, this rental differential provides a straightforward path to long-term value creation through renovations and improved rental income.
Located along Fountain Avenue, residents enjoy convenient access to the Sunset Strip, Santa Monica Boulevard, Melrose Avenue, and West Hollywood’s extensive collection of dining, nightlife, entertainment, retail, and everyday amenities. The property also offers convenient connectivity to Beverly Hills, Century City, Hollywood, and surrounding employment centers.
With its central West Hollywood location, significant rental upside, and largely untouched condition, 7526 Fountain Avenue presents a compelling opportunity to reposition a well-located multifamily asset in one of Los Angeles’ most desirable rental markets.