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Multifamily

7661 Fountain Avenue

7661 Fountain Ave, Los Angeles, CA 90046

Listing Price: $2,299,000

Cap Rate
3.74%
Number of Units
6
GRM
16.75
Occupancy
97.0%
Price/Unit
$383,167
Price/Gross SF
$478.56
Gross SF
4,804

Investment Overview

Marcus & Millichap is pleased to present 7661 Fountain Avenue, a 6-unit apartment building located just outside of West Hollywood, California.

Situated on a 6,173 Sq Ft lot, the property consists of 4,804 SF, and features four (4) one bedroom / one bath and two (2) two bedrooms / two bath units.

This property has gone through significant renovations by the current ownership, including two extensively renovated units which now boast stunning new floors, in-unit washers and dryers, modern faux fireplaces, stainless-steel appliances and more. In addition to the two renovated units, the exterior of the building was upgraded with new paint and a new electric gate, conveniently giving access to six (6) parking spaces for the tenants.

Located within close proximity to world-famous shopping, dining, and entertainment venues, residents enjoy being within walking distance to everyday amenities while also having convenient access to the 101 Freeway.

7661 is the perfect opportunity for an investor looking to acquire a semi-stabilized investment property with future upside potential, which can be achieved through additional interior renovations.

Investment Highlights

  • No Seismic Retrofit Required
  • Features 6 Covered Parking Spaces
  • Four of the Six Units are in Unrenovated Condition
  • Well-Located Property
  • Exceptional Area Demographics

Exclusively Listed By

Multifamily

7661 Fountain Avenue

Listing Price: $2,299,000

Cap Rate
3.74%
Number of Units
6
GRM
16.75
Occupancy
97.0%
Price/Unit
$383,167
Price/Gross SF
$478.56
Gross SF
4,804

Investment Highlights

  • No Seismic Retrofit Required
  • Features 6 Covered Parking Spaces
  • Four of the Six Units are in Unrenovated Condition
  • Well-Located Property
  • Exceptional Area Demographics

Investment Overview

Marcus & Millichap is pleased to present 7661 Fountain Avenue, a 6-unit apartment building located just outside of West Hollywood, California.

Situated on a 6,173 Sq Ft lot, the property consists of 4,804 SF, and features four (4) one bedroom / one bath and two (2) two bedrooms / two bath units.

This property has gone through significant renovations by the current ownership, including two extensively renovated units which now boast stunning new floors, in-unit washers and dryers, modern faux fireplaces, stainless-steel appliances and more. In addition to the two renovated units, the exterior of the building was upgraded with new paint and a new electric gate, conveniently giving access to six (6) parking spaces for the tenants.

Located within close proximity to world-famous shopping, dining, and entertainment venues, residents enjoy being within walking distance to everyday amenities while also having convenient access to the 101 Freeway.

7661 is the perfect opportunity for an investor looking to acquire a semi-stabilized investment property with future upside potential, which can be achieved through additional interior renovations.

Exclusively Listed By

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