7654 Fountain Avenue is an 11-unit apartment building located in West Hollywood, which is one of the most sought after neighborhoods in Los Angeles. Built in 1962, this property is comprised of 10,458 of rentable square feet and a lot size of 6,600 square feet. The building consists of seven one-bedroom/one-bathroom units and four two-bedroom/two-bathroom units. A selection of the units include private balconies. On-site laundry is also available for tenants along with gated parking, providing 11 parking spaces - one for each unit.The property is conveniently located just steps away from the endless shopping, entertainment, and dining outlets on Santa Monica Blvd. Situated just east of Fairfax, the property is just minutes to Runyon Canyon, Whole Foods, the Grove, the Hollywood Bowl, and many other outlets.This well located asset provides an excellent opportunity for an investor to obtain significant upside potential through tenant repositioning and renovation program.
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