Los Angeles CA  home offered at $2,095,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

5663 FOUNTAIN Avenue
Los Angeles, California CA 90028
Price: $2,095,000
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Listing ID: 19513564
Price/SqFt: $324.20
Status: Pending
SqFt: 6,462 Sq Ft
Acres: 0.172 Acres
Year Built: 1956

An exciting new offering is available at this just listed, 8-Unit building in the heart of Hollywood. Centrally located one block south of Sunset and less than a mile to the Metro Red Line. 5663 Fountain Avenue is a mid-century inspired, two-story building consisting of (8) large two-bedroom, one bath units and offering over 6,400 square feet of living space. The lot is zoned LAR3 and is situated on a 7,510 square foot lot. The current gross income is approx. $9707/mth; $116,485/yr. and the property is priced at: $274,375/unit; a 18.84 current GRM; a 3.72% cap rate, and $339/SF. The utilities are separately metered for gas & electric. Building is professionally managed. Great 1031 exchange opportunity.

Primary Features

Cooling Type: See Remarks
County: Los Angeles
MLS Area Major: C20 - Hollywood
Special Listing Conditions: Standard
Year Built: 1956
Zoning: LAR3

Additional

Laundry Features: See Remarks
Laundry: yes
Lot Size Units: Square Feet
Number Of Units Total: 8

Interior Features

Cooling: yes

Financial Details

Cap Rate: 3.89
Gross Multiplier: 17.9
Gross Operating Income: 116485
Improvements Amount: 633746
Land Value: 749932
Net Operating Income: 81701
Price Per Unit: 274375
Total Actual Rent: 116485
Total Expenses: 34784

External Features

Carport Spaces: 5
Lot Size Area: 7510
Lot Size Square Feet: 7510
Number Of Buildings: 1
Parking Features: Detached Carport
Parking Total: 5
Parking: yes

Location Information

Zoning Info


© 2019. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Last updated Tuesday, November 19th, 2019.

Based on information from CARETS as of Tuesday, November 19th, 2019 08:06:09 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS 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 website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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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Listing courtesy of Henry Plascencia, DRE #01250465 from Compass

Contact - Listing ID 19513564

Lisa DiNoto

8250 White Oak
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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