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8468 Fountain Ave 13 Unit Apartment Building $5,995,000 ($461,154/Unit) 4.88% Cap Rate West Hollywood, CA 90069
Executive Summary
8468 Fountain Ave a 13 unit apartment building
located in the heart of West Hollywood, a highly desirable area in Los Angeles, California. Built
in 1939, the property consists of (1) studio unit, (8) one-bedroom + one-bathroom units, (1) one-
bedroom + one-bathroom + den unit, (1) two-bedroom + two-bathroom units, (1) two-bedroom +
two-bathroom townhouse and (1) two-bedroom + two-an-a-half-bathroom + den unit. The building is
13,131 gross square feet and sits on a 11,617 square foot lot.
8468 Fountain Ave is located on a charming, tree-lined street, situated in the heart of West
Hollywood. Residents will benefit from the close proximity to trendy coffee shops, cafes, restaurants
and retail shops along the renowned Sunset Strip and Santa Monica Blvd. The property is just minutes
away from Beverly Hills and Hollywood. This convenient location provides tenants with immediate
access to La Cienega Blvd and Santa Monica Blvd further extending the area’s connectivity.
8468 Fountain Ave represents a unique value-add opportunity for investors due to the property’s
location and rental upside. The property offers a initial CAP rate of 4.88% with the ability to improve to
a 7.18% CAP rate once units turnover.
located in the heart of West Hollywood, a highly desirable area in Los Angeles, California. Built
in 1939, the property consists of (1) studio unit, (8) one-bedroom + one-bathroom units, (1) one-
bedroom + one-bathroom + den unit, (1) two-bedroom + two-bathroom units, (1) two-bedroom +
two-bathroom townhouse and (1) two-bedroom + two-an-a-half-bathroom + den unit. The building is
13,131 gross square feet and sits on a 11,617 square foot lot.
8468 Fountain Ave is located on a charming, tree-lined street, situated in the heart of West
Hollywood. Residents will benefit from the close proximity to trendy coffee shops, cafes, restaurants
and retail shops along the renowned Sunset Strip and Santa Monica Blvd. The property is just minutes
away from Beverly Hills and Hollywood. This convenient location provides tenants with immediate
access to La Cienega Blvd and Santa Monica Blvd further extending the area’s connectivity.
8468 Fountain Ave represents a unique value-add opportunity for investors due to the property’s
location and rental upside. The property offers a initial CAP rate of 4.88% with the ability to improve to
a 7.18% CAP rate once units turnover.
Property Facts
| Price | $5,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $461,154 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 4.88% | Building Size | 13,131 SF |
| Gross Rent Multiplier | 15.13 | Average Occupancy | 97% |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1939 |
| Property Subtype | Apartment | ||
| Zoning | R4, West Hollywood | ||
| Price | $5,995,000 |
| Price Per Unit | $461,154 |
| Sale Type | Investment |
| Cap Rate | 4.88% |
| Gross Rent Multiplier | 15.13 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 13,131 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1939 |
| Zoning | R4, West Hollywood |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 9 | - | - |
| 2+2 | 2 | - | - |
| 2+2.5 | 1 | - | - |
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 5555-004-013 | Improvements Assessment | $924,500 |
| Land Assessment | $1,329,500 | Total Assessment | $2,254,000 |
Property Taxes
Parcel Number
5555-004-013
Land Assessment
$1,329,500
Improvements Assessment
$924,500
Total Assessment
$2,254,000
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8468 Fountain Ave