7550 Fountain Avenue, West Hollywood CA, 90046

Active

7550 Fountain Avenue

West Hollywood CA, 90046

$4,200,000

$500.60 per sqft

Active

14 Beds

14 Baths

8,390 sqft

Residential

Built in 1958

Listed by Yar Meshkaty with Coldwell Banker Realty 310-777-6200

This exceptional investment opportunity is situated in the prime location of West Hollywood. The building comprises four spacious 2-bedroom, 2-bathroom units and six 1-bedroom, 1-bathroom units. Currently generating an annual income of $261,042, this property holds substantial income potential. There is immediate income upside with one recently updated 2-bedroom, 2-bathroom unit vacant on the upper floor, which can conservatively be projected to rent at $2,985 per month. Additionally, one 1-bedroom and 1-bathroom unit on the ground floor is currently vacant, with a projected monthly rental income of $2,200 per month. Located just moments away from the vibrant Sunset Strip, the coveted Norma Triangle neighborhood, the bustling Melrose shopping district, and the iconic Hollywood Walk of Fame, this property offers not only an attractive investment but also the allure of the West Hollywood lifestyle. Don't miss out on this outstanding investment opportunity!

23306965

MLSⓇ ID

September 1, 2023

Listed

March 30, 2024

Updated

Map

7550 Fountain Avenue
West Hollywood CA, 90046

Interior Features

Total Stories: 0
Bedrooms: 14 Beds
Bathrooms: 14 Baths
Interior Features: Ceiling Fan(s)
Appliances: Dishwasher, Disposal, Refrigerator
Fireplace: No
Cooling: Yes
Cooling Description: Wall/Window Unit(s)
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.16 Acres

Other Property Details

Area Name: C10 - West Hollywood Vicinity
Days on Market: 210
Garage: No
Parking: Assigned, Covered
Parking Total: 7
View: No
County: Los Angeles
Pool: No
Zoning: WDR2*
Buyer Agency Compensation: 2.5%

Listing Contact: 310-777-6200

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/30/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/30/2024 at 6:32 PM UTC