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Century 21 Realty Masters
7011 Fountain, Los Angeles, CA 90028
- $2,195,000
- List Price
- $2,195,000
- Status
- ACTIVE
- MLS#
- SR26217235
- Year Built
- 1923
- Lot Size
- 5,731
- Acres
- 0.13
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 2
- Property Type
- Commercial
- Property Sub Type
- Multi Family
Property Description
Fully occupied six-unit RSO multifamily at 7011 Fountain Ave in Hollywood. Three single-story buildings around a back courtyard, with six 1BD/1BA units of about 500 SF each. Current rents total $10,894/mo ($130,730/yr). Unit 1 was just leased at $1,995, and one long-term tenant pays $952, so there's room to grow as that unit turns. The prior owner documented about $196K in capital work, including foundation, main sewer line, storm drains and courtyard paving. Roofs on two buildings are under three years old. Copper plumbing, upgraded windows, water heaters 2-8 years old. Tenants pay electric, gas and trash. Coin laundry in the courtyard. Two gated off-site parking spaces, rented month to month. Buyer to verify all information, including income, expenses, zoning, square footage, permits and rent control.
Additional Information
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 6
Listing courtesy of Listing Agent: Robert Biggs III (robert.biggsiii@gmail.com) from Listing Office: The ONE Luxury Properties.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.