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    7011 Fountain Avenue

    Los Angeles (City), CA 90028
    • $2,049,000
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: 21675048
    UPDATED: 65 min ago
    $2,049,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,288
      SQFT
    • $623
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    This Beautiful 6 unit bungalow with lovely courtyard entry features all 1BR/1BA units with solid in-place rents and low expenses for durable cash flow. It is adjacent to West Hollywood, one of LA's most endearing neighborhoods but located in Hollywood, free from the more restrictive rent control laws. The building has been significantly improved with new foundation, new concrete courtyard/patio, partial new roof and re-lined sewer. 5 of the 6 units have been re-habbed and feature updated kitchens and baths with new cabinets & countertops, tile floors, new fixtures and some with washer/dryers. Three of the units have reserved parking across the street and all have front and rear entries.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-19T23:28:28.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/112977062
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    7011 Fountain Avenue Los Angeles (City), CA 90028

    • Price: $2,049,000
    • Status: Active
    • Updated: 65 min ago
    • MLS #: 21675048
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,288
    SQFT
    $623
    $/SQFT
    1923
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    This Beautiful 6 unit bungalow with lovely courtyard entry features all 1BR/1BA units with solid in-place rents and low expenses for durable cash flow. It is adjacent to West Hollywood, one of LA's most endearing neighborhoods but located in Hollywood, free from the more restrictive rent control laws. The building has been significantly improved with new foundation, new concrete courtyard/patio, partial new roof and re-lined sewer. 5 of the 6 units have been re-habbed and feature updated kitchens and baths with new cabinets & countertops, tile floors, new fixtures and some with washer/dryers. Three of the units have reserved parking across the street and all have front and rear entries.
    Exterior Features

    Architectural Style Bungalow Construction Materials Stucco Direction Faces South Entry Location Ground Level W/Steps Foundation Details RaisedQuake Bracing Lot Size Source Assessor Lot Size Units Square Feet Parking Features Off Site Parking YN Yes Roof CompositionShingle

    Interior Features

    Appliances DisposalMicrowaveGas OvenGas Cooktop Appliances YN Yes Fireplace Features BathKitchen Fireplace YN Yes Flooring TileLaminate Laundry Features Outside

    Property Features

    Country Us Financial Info As Of 2021-01-03 00:00:00 Gross Income 127329.00 Gross Multiplier 16.21 Gross Operating Income 120962.00 Laundry YN Yes Net Operating Income 83494.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number With Dishwasher 5 Number With Disposal 6 Number With Range 6 Number With Refrigerator 6 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 126429.00 Total Expenses 38777.00 Vacancy Allowance Rate 0.00 Zoning Lar3

    Listing provided courtesy of Keith Moret of Keller Williams Beach Cities


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-19T23:28:28.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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