Mixed-Use

7960 Fountain Ave

7960 Fountain Ave, West Hollywood, CA 90046

Listing Price: $4,950,000

Cap Rate
3.77%
Number of Units
15
Occupancy
100.00%
Price/Unit
$330,000
Price/Gross SF
$514.18
Gross SF
9,627

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 7960 Fountain Avenue, a mixed-use investment opportunity located in the supply constrained West Hollywood submarket of Los Angeles. The property features 9,627 square feet of gross rentable area, situated on a 8,750-square foot lot. The property is composed of 11 studio/one-bedroom units, three one-bedroom/one-bathroom units and one two-bedroom/one-bathroom units. In addition the property has three store front retailers. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Santa Monica Boulevard, sandwiched between Laurel Avenue to the west and Hayworth Avenue to the east. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles. 7960 Fountain Avenue offers tenants excellent proximity to some of Los Angeles’ finest amenities such as The Beverly Center, The Pacific Design Center, Melrose Avenue, the Sunset Strip, Restaurant Row on La Cienega, the world renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Trader Joe’s, Whole Foods Market and Bristol Farms. Local dining options include E.P. & L.P, Fig & Olive, Taste on Melrose, Rosaline, Crossroads Kitchen, The Nice Guy and more. Due to the property’s premier location and rental upside, 7960 Fountain Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of West Hollywood.

Investment Highlights

  • Excellent Unit Mix Composed of Studio, One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
  • Three Street Front Retail Tenants and 15 Multifamily Units
  • Approximately Over 32% in Rental Upside Through Renovation -a True Value-Add Opportunity.
  • Charming 1920's Construction!
  • Separately Metered for Gas and Electric!
  • Walkscore.com Rates 7960 Fountain Avenue a Walker's Paradise; Daily Errands do not Require a Car.

Exclusively Listed By

Financing By

Listing Price: $4,950,000

Cap Rate
3.77%
Number of Units
15
Occupancy
100.00%
Price/Unit
$330,000
Price/Gross SF
$514.18
Gross SF
9,627

Investment Highlights

  • Excellent Unit Mix Composed of Studio, One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
  • Three Street Front Retail Tenants and 15 Multifamily Units
  • Approximately Over 32% in Rental Upside Through Renovation -a True Value-Add Opportunity.
  • Charming 1920's Construction!
  • Separately Metered for Gas and Electric!
  • Walkscore.com Rates 7960 Fountain Avenue a Walker's Paradise; Daily Errands do not Require a Car.

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 7960 Fountain Avenue, a mixed-use investment opportunity located in the supply constrained West Hollywood submarket of Los Angeles. The property features 9,627 square feet of gross rentable area, situated on a 8,750-square foot lot. The property is composed of 11 studio/one-bedroom units, three one-bedroom/one-bathroom units and one two-bedroom/one-bathroom units. In addition the property has three store front retailers. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Santa Monica Boulevard, sandwiched between Laurel Avenue to the west and Hayworth Avenue to the east. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles. 7960 Fountain Avenue offers tenants excellent proximity to some of Los Angeles’ finest amenities such as The Beverly Center, The Pacific Design Center, Melrose Avenue, the Sunset Strip, Restaurant Row on La Cienega, the world renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Trader Joe’s, Whole Foods Market and Bristol Farms. Local dining options include E.P. & L.P, Fig & Olive, Taste on Melrose, Rosaline, Crossroads Kitchen, The Nice Guy and more. Due to the property’s premier location and rental upside, 7960 Fountain Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of West Hollywood.

Exclusively Listed By

Financing By

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