5734 Fountain Avenue, Los Angeles, CA 90028

$1,750,000
8
BD
6
BA
3,520
SqFt
List Price
$1,750,000
Price Change
▼ $145,000 1675572419
Status
ACTIVE
MLS#
22220353
Year Built
1923
Bedrooms
8
Bathrooms
6
Living Sq. Ft
3,520
Lot Size
7,701
Acres
0.18
Days on Market
29
Property Type
Multifamily
Style
Spanish
Stories
Two Levels

Property Description

Newly renovated Spanish style multi-family property. Recent improvements include new electrical, plumbing, foundation, exterior/interior paint, flooring, kitchen and bathrooms. 3 of 4 units renovated. 1 of 4 units has under market renter. 3 of 4 units currently vacant and completing renovations and almost ready for lease up. Property consist of de-attached garage structured primed for an ADU conversion. Seller has plans to add 2 ADU's and construction documents ready to be submitted. In place 4.5% cap rate and 15xgrm. Once ADU's are added and last unit brought to market, property boast a remarkable 8% Cap rate and 11xgrm ant 11% yield on​​‌​​​​‌​‌​​​​‌‌​​‌‌​‌‌​​‌​​​‌​‌ cost.

Additional Information

Appliances
Dishwasher, Disposal, Microwave, Dryer, Washer
Heat
Central
View
None
Attached Structure
Detached
Number Of Units Total
4

Listing courtesy of Listing Agent: Adam Kanizo (adam@lndrealty.com) from Listing Office: LND Realty.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.