Skip To Content
    Return to Previous Page

    7011 Fountain Ave

    Los Angeles, CA 90028
    • $1,995,000
    • STATUS: Active
    • ON SITE: 50 days
    • MLS #: 21-675048
    UPDATED: 57 min ago
    $1,995,000
    • 6
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,288
      SQFT
    • $607
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:
    Area:

    School Ratings & Info

    Description

    This Beautiful 6 unit bungalow with lovely courtyard entry features all 1BR/1BA units with solid in-place rents and low expenses for durable cash flow. It is adjacent to West Hollywood, one of LA's most endearing neighborhoods but located in Hollywood, free from the more restrictive rent control laws. The building has been significantly improved with new foundation, new concrete courtyard/patio, partial new roof and re-lined sewer. 5 of the 6 units have been re-habbed and feature updated kitchens and baths with new cabinets & countertops, tile floors, new fixtures and some with washer/dryers. Three of the units have reserved parking across the street and all have front and rear entries.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T19:42:45.647. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/112977276
    Print Image

    7011 Fountain Ave Los Angeles, CA 90028

    • Price: $1,995,000
    • Status: Active
    • Updated: 57 min ago
    • MLS #: 21-675048
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,288
    SQFT
    $607
    $/SQFT
    1923
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    This Beautiful 6 unit bungalow with lovely courtyard entry features all 1BR/1BA units with solid in-place rents and low expenses for durable cash flow. It is adjacent to West Hollywood, one of LA's most endearing neighborhoods but located in Hollywood, free from the more restrictive rent control laws. The building has been significantly improved with new foundation, new concrete courtyard/patio, partial new roof and re-lined sewer. 5 of the 6 units have been re-habbed and feature updated kitchens and baths with new cabinets & countertops, tile floors, new fixtures and some with washer/dryers. Three of the units have reserved parking across the street and all have front and rear entries.
    Exterior Features

    Direction Faces South Entry Location Ground Level W/Steps Exterior Construction Stucco Lot Size Area 5731 Other Structures None Parking Garage Offsite Patio Features Concrete SlabPatio Open Roof CompositionShingle Style Bungalow Total Parking 3

    Interior Features

    Bathroom Features RemodeledLow Flow Toilet(S)Low Flow Shower(S)Shower Stall Baths Total 6.00 Cooking Appliances MicrowaveOven-GasCooktop - Gas Cooling Window Unit(S) Equipment Gas Or Electric Dryer HookupGarbage DisposalStackable W/D Hookup Fireplace Rooms BathKitchen Flooring TileCeramic TileLaminate Foundation Details RaisedQuake Bracing Heating Wall Gas Kitchen Features Granite CountersRemodeled Laundry In UnitOutside Laundry Equipment Own

    Property Features

    Assessed Total Value 1453500 Gross Income 127329 Gross Operating Income 120962 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 83494.00 Number Of Buildings 3 Number Of Units 6 Owner Pays WaterGardenerOther Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityGas Total Annual Expense 38777 Type Of Units 1 Bedroom Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Keith Moret DRE#01802527 of Keller Williams Beach Cities.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T19:42:45.647. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-675048-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-675048-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-675048-2.jpg
    Logo
    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260