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    5436 Fountain Avenue

    Los Angeles, CA 90029
    • $2,175,000
    • STATUS: Active
    • ON SITE: 19 Days
    • ID#: 320007848
    UPDATED: 7 min ago
    $2,175,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,320
      SQFT
    • $503
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    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

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    Based on information from CRISNet MLS as of 2021-10-18T22:56:01.69. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-10-18T22:56:01.69. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.searchhomesincalifornia.com/homes/121872278
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    5436 Fountain Avenue Los Angeles, CA 90029

    • Price: $2,175,000
    • Status: Active
    • Updated: 7 min ago
    • ID#: 320007848
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    4,320
    SQFT
    $503
    $/SQFT
    1923
    Built
    Neighborhood:
    Not Applicable-105
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    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
    Exterior Features

    Carport Spaces 0.00 Levels One Lot Size Area 8082.0000 Number Of Rented Garages 0 Parking Features None Parking Total 0.00 Parking YN No

    Interior Features

    Common Walls 1 Common Wall Flooring CarpetTile Heating Wall Furnace Heating YN Yes

    Property Features

    Fuel Expense 0.00 Garage Income 0.00 Gross Equity 0 Gross Multiplier 14.02 Gross Operating Income 155085.00 Gross Scheduled Income 155085.00 Insurance Expense 4019.00 Laundry Income 0.00 Maintenance Expense 6700.00 Net Operating Income 0.00 New Taxes Expense 25947.00 Number Of Separate Electric Meters 11 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 0 Operating Expense 0.00 Operating Expense Percent 0.00 Professional Management Expense 0.00 Property Attached YN Yes Special Listing Conditions Standard Subdivision Name Other Not Applicable-105 Tax Annual Amount 0.00 Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 11759.00 Zoning Lar4

    Listing provided courtesy of Hagop Baboudjian, CA DRE# 01372116, of Baboudjian Properties Inc..


    Based on information from CRISNet MLS as of 2021-10-18T22:56:01.69. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-10-18T22:56:01.69. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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