8468 FOUNTAIN AVE, WEST HOLLYWOOD, CA 90069

Executive Summary

8468 Fountain Ave a 13 unit apartment building located in the heart of West Hollywood, a highly desirable area in Los Angeles, California. Built in 1939, the property consists of (1) studio unit, (8) one-bedroom + one-bathroom units, (1) one-bedroom + one-bathroom + den unit, (1) two-bedroom + two-bathroom units, (1) two-bedroom + two-bathroom townhouse and (1) two-bedroom + two-an-a-half-bathroom + den unit. The building is 13,131 gross square feet and sits on a 11,617 square foot lot. 8468 Fountain Ave is located on a charming, tree-lined street, situated in the heart of West Hollywood. Residents will benefit from the close proximity to trendy coffee shops, cafes, restaurants and retail shops along the renowned Sunset Strip and Santa Monica Blvd. The property is just minutes away from Beverly Hills and Hollywood. This convenient location provides tenants with immediate access to La Cienega Blvd and Santa Monica Blvd further extending the area’s connectivity. 8468 Fountain Ave represents a unique value-add opportunity for investors due to the property’s location and rental upside. The property offers a initial CAP rate of 4.88% with the ability to improve to a 7.18% CAP rate once units turnover.