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

Studio Baths0.0 Sq 8,390

Monthly Estimate*

^$ 29,338

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

Studio

Multi-Family Home for sale in West Hollywood, CA

for $4,200,000. This 8,390 square foot home was built in 1958 on a lot size of 0.16.

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

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.16

Year Built

1958

Town/City

West Hollywood

County/Region

Los Angeles

MLS | Web ID

0023306965

Features

General

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Zoning WDR2*

Year Built 1958

Levels Multi/Split

County Los Angeles

Net Operating Income 205078.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City West Hollywood

Buyer Agent Compensation 2.50

Senior Community Y/N No

MLS Area C10 - West Hollywood Vicinity

Lot Size Square Feet 6853.0

Street Name Fountain

Standard Status Active

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Disposal Dishwasher Refrigerator

Air Conditioning Y/N Yes

Heating Y/N Yes

Street Suffix Avenue

Total Baths 0

Exterior

Parking Features Assigned Covered

Lot Size Area 6853.0

Building Area Total 8390.0

Lot Size Acres 0.16

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Yar Meshkaty

Listing Agent

Coldwell Banker Realty

Broker

Affordability Calculator

$29,338

Per Month

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

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Yearly Home Insurance

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 ^$3,639,863

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.

793437 Elementary School

793428 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 0.16. 7550 Fountain Avenue is a studio with 0.0 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 3/30/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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7550 Fountain Avenue

Multi-Family Home for sale in West Hollywood, CA

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