7550 Fountain Ave
West Hollywood,
CA
90046
Property Details
List Price: |
$4,200,000 |
Beds: |
14 |
Baths: |
-- |
Status: |
Active |
SqFt: |
8390 |
Agency: |
Coldwell Banker Realty |
Description/Comments
Lot Size: |
-- |
Property Type: |
Residential |
Year Built: |
1958 |
Notes: |
This exceptional investment opportunity is situated in the prime location of West Hollywood. The building comprises four spacious 2-bedroom, 2-bathroom units and six 1-bedroom, 1-bathroom units. Currently generating an annual income of $261,042, this property holds substantial income potential. There is immediate income upside with one recently updated 2-bedroom, 2-bathroom unit vacant on the upper floor, which can conservatively be projected to rent at $2,985 per month. Additionally, one 1-bedroom and 1-bathroom unit on the ground floor is currently vacant, with a projected monthly rental income of $2,200 per month. Located just moments away from the vibrant Sunset Strip, the coveted Norma Triangle neighborhood, the bustling Melrose shopping district, and the iconic Hollywood Walk of Fame, this property offers not only an attractive investment but also the allure of the West Hollywood lifestyle. Don't miss out on this outstanding investment opportunity! |
MlsNumber: |
23-306965 |
Estimate Your Monthly Payment
Listing Provided By: |
Coldwell Banker Realty, original listing |
Name: |
Coldwell Banker Realty |
Phone: |
(800) 500-4053 |
Office Name: |
Coldwell Banker Realty |
Office Phone: |
(310) 777-6200 |
Agent Name: |
Yar Meshkaty |
Disclaimer: |
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |