5663 Fountain Ave, Los Angeles, CA 90028

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.