$2,111,850
$2,175,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
5436 Fountain AVE Los Angeles, CA 90029
4,320 SqFt
Key Details
Sold Price $2,111,850
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,320 sqft
Price per Sqft $488
Subdivision Not Applicable-105
MLS Listing ID 320007848
Sold Date 11/23/21
HOA Y/N No
Year Built 1923
Lot Size 7,840 Sqft
Acres 0.18
Property Description
The Fountain Apartments is a 10 unit apartment building, located in the Heart of Hollywood, consisting of 10 one bedroom one bathroom units, just blocks away various eateries and the main Hollywood train station. All units have various upgrades and it's own water heaters, essentially alleviating any gas bills for the owner to pay. There is no parking on-site and no laundry facility on-site either, but plenty of street parking and nearby laundromats. Three units will be delivered vacant, allowing investors to place tenants of choice. The affordability and location makes renters flock to the Fountain Apartments. With constant ongoing development around the entire area, the Fountain Apartments is truly a desirable property, in a desirable location, for both first time buyers or experienced investors. Total annual gross income for the property is $155,085
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR4
Interior
Heating Wall Furnace
Flooring Carpet, Tile
Fireplace No
Exterior
Garage None
Parking Type None
Building
Entry Level One
Level or Stories One
Others
Tax ID 5537002007
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Hagop Baboudjian • Baboudjian Properties Inc.