7550 Fountain Avenue West Hollywood, CA ^$ 4,200,000

7550 Fountain Avenue

^$ 4,200,000

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7550 Fountain Avenue

West Hollywood, CA, 90046

^$ 4,200,000

Bedrooms14 Baths14.0 Sq 8,390

Monthly Estimate*

^$ 29,338

Listed by Coldwell Banker Realty

7550 Fountain Avenue, West Hollywood, CA 90046 - Image 1

7550 Fountain Avenue, West Hollywood, CA 90046 - Image 2

7550 Fountain Avenue, West Hollywood, CA 90046 - Image 3

7550 Fountain Avenue, West Hollywood, CA 90046 - Image 4

7550 Fountain Avenue, West Hollywood, CA 90046 - Image 5

7550 Fountain Avenue, West Hollywood, CA 90046 - Image 6

7550 Fountain Avenue, West Hollywood, CA 90046 - Image 7

Multi-Family Home for sale in West Hollywood, CA

for $4,200,000 with 14 bedrooms and 14 full baths. This 8,390 square foot home was built in 1958 on a lot size of 0.1573.

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!

Multi-Family Active

Price

^$ 4,200,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1573

Year Built

1958

Town/City

West Hollywood

County/Region

Los Angeles

MLS | Web ID

23306965

Days on Market

241

Features

General

Interior Features CeilingFans

Heating WallFurnace

Cooling WallWindowUnits

Appliances Dishwasher Disposal Refrigerator

Zoning WDR2*

Year Built 1958

Levels MultiSplit

Gross Income 261042.0

County Los Angeles

Net Operating Income 205078.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions East of Fairfax Nearest intersection: Fountain and Curson

City West Hollywood

View Y/N N

Senior Community Y/N N

Total Units 10

MLS Area C10 - West Hollywood Vicinity

Lot Size Square Feet 6853.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Fountain

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 210

Standard Status Active

Exterior

Parking Features Assigned Covered

Total Parking 7.0

Lot Size Area 6853.0

Number of Buildings 1

Spa N

Building Area Total 8390.0

Lot Size Acres 0.1573

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 0

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Total Bedrooms 14

Electric On Property Y/N N

Total Baths 14

Internal Only

Street Number 1 7550

* Excluded Features

List By

Coldwell Banker Realty

Broker

(310) 666-6394

Phone

Affordability Calculator

$29,338

Per Month

Monthly Principal & Interest: $29,338
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in West Hollywood, CA

Average List Price ^$3,636,849

Percent of Sale Price 13%

About West Hollywood, CA

35,971 Population

1% Since 2002

^$69,697 Median Income

43.33 Median Age

4% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/2/2023	$4,200,000		Listed Price

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7550 Fountain Avenue, West Hollywood, CA, 90046 is a Multi-Family Home for sale at $4,200,000 with 8,390 sqft and a lot size of 0.1573. 7550 Fountain Avenue has 14 bedrooms, 14.0 baths, and was built in 1958. The property's zip code is 90046 which is in West Hollywood, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/29/2024. 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, 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.

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7550 Fountain Avenue

Multi-Family Home for sale in West Hollywood, CA

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