An exciting new offering is available at this just listed, 8-Unit building in the heart of Hollywood. Centrally located one block south of Sunset and less than a mile to the Metro Red Line. 5663 Fountain Avenue is a mid-century inspired, two-story building consisting of (8) large two-bedroom, one bath units and offering over 6,400 square feet of living space. The lot is zoned LAR3 and is situated on a 7,510 square foot lot. The current gross income is approx. $9707/mth; $116,485/yr. and the property is priced at: $274,375/unit; a 18.84 current GRM; a 3.72% cap rate, and $339/SF. The utilities are separately metered for gas & electric. Building is professionally managed. Great 1031 exchange opportunity.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
