6915 Fountain Avenue

    Los Angeles (City), CA 90028
    • $2,195,000
    • STATUS: Active Under Contract
    • ON SITE: 234 days
    • ID#: 18333982
    Under Contract
    UPDATED: 47 min ago
    $2,195,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,685
      SQFT
    • $469
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1937
    County:

    School Ratings & Info

    Description

    Welcome to 6915 Fountain Ave! Located on a corner lot and shrouded in tall mature hedges, this Hollywood Regency Trophy 4-plex boasts 4,685 sq ft. and has been meticulously maintained. The property consists of 4 over-sized 1 bed + 1 bath units, each with careful attention to character detail and potential to convert into 2 bedrooms. The units feature hardwood floors, walk-in closets, laundry machines, and crown molding throughout. Major systems have been updated to include new copper plumbing, new HVAC and electrical systems, and drought tolerant landscaping. Possible for 2-3 units delivered vacant at close of escrow and remaining tenants, month to month, allowing for major upside and making this the perfect investment for an owner-user or 1031 exchange buyer. Lots of new development in the area, the property is zoned LAR3 and has potential for future development. A merger of modern conveniences and the magic of classic Hollywood, this is a must see! PLEASE DO NO DISTURB TENANTS.

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    Based on information from CARETS as of 2018-12-11T08:43:41.793. 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 web site comes from the Internet Data Exchange (IDX) program of CARETS. 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.

    Licensed in the State of California, USA.
    www.scvnest.com/homes/82819451

    6915 Fountain Avenue Los Angeles (City), CA 90028

    • Price: $2,195,000
    • Status: Active Under Contract
    • Updated: 47 min ago
    • ID#: 18333982
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,685
    SQFT
    $469
    $/SQFT
    1937
    Built
    Neighborhood:
    Hollywood (C20)
    County:
    Los Angeles
    Area:
    Hollywood (C20)
    Property Description
    Welcome to 6915 Fountain Ave! Located on a corner lot and shrouded in tall mature hedges, this Hollywood Regency Trophy 4-plex boasts 4,685 sq ft. and has been meticulously maintained. The property consists of 4 over-sized 1 bed + 1 bath units, each with careful attention to character detail and potential to convert into 2 bedrooms. The units feature hardwood floors, walk-in closets, laundry machines, and crown molding throughout. Major systems have been updated to include new copper plumbing, new HVAC and electrical systems, and drought tolerant landscaping. Possible for 2-3 units delivered vacant at close of escrow and remaining tenants, month to month, allowing for major upside and making this the perfect investment for an owner-user or 1031 exchange buyer. Lots of new development in the area, the property is zoned LAR3 and has potential for future development. A merger of modern conveniences and the magic of classic Hollywood, this is a must see! PLEASE DO NO DISTURB TENANTS.
    Exterior Features

    Parking Features Driveway Parking Spaces Total 8 Parking Type Garage - 4+ Doors

    Interior Features

    Appliances DryerRefrigeratorWasher Cooking Appliances Range Cooling Type Central A/C Heating Type Central Furnace Total Floors 0 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 1 Unit Number Of Bed04 1

    Property Features

    Adjusted Gross Income 144680.00 Assessed Improvement Value 135074.00 Assessed Land Value 270153.00 Cap Rate 5.00 Country United States Of America Expense Total Annual 0.00 Gross Operating Income 144680.00 Gross Rent Multiplier 15.20 Hoa YN N Legal Disclosures Take Property As IsRent Control Lot Size Source Vendor Enhanced Net Operating Income 108742.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 0.00 Unit Monthly Rent02 0.00 Unit Monthly Rent03 0.00 Unit Monthly Rent04 1256.64 Unit Projected Total Monthly Rent01 3600.00 Unit Projected Total Monthly Rent02 3600.00 Unit Projected Total Monthly Rent03 3600.00 Unit Projected Total Monthly Rent04 3600.00 Unit Total Monthly Rent01 0.00 Unit Total Monthly Rent02 0.00 Unit Total Monthly Rent03 0.00 Unit Total Monthly Rent04 1256.64 Unit Type01 1 Unit Type02 2 Unit Type03 3 Unit Type04 4 Units Total In Complex 4 Zoning Lar3

    Listing provided courtesy of Katherine Gallivan DRE#02001740 of Figure 8 Realty and Edward Faktorovich CA DRE# 01401897 of Figure 8 Realty.


    Based on information from CARETS as of 2018-12-11T08:43:41.793. 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 web site comes from the Internet Data Exchange (IDX) program of CARETS. 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.

    Licensed in the State of California, USA.
     
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