5217 Fountain Avenue,  Hollywood CA, 90029 (Residential Income)

3,440 sqft
Status: Active
MLS#: SR16197478
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Last Updated: 12/4/2016 1:53 AM
Description for 5217 Fountain Avenue Hollywood, CA 90029
Residential Four-Plex Plus More, and more, and more .... Income Property in the Heart of Hollywood!!! **Priced Well** So bring your offers fast as this listing will go fast. This unique property was originally a mixed used commercial property. The property is currently being used as a residential four-plex. However, this very unique property offers a lot more than just 4 units: An updated 2 bedrooms+ 1 bathroom and a 1 bedroom + 1 bathroom that is occupied by the owner. There is also an Studio that is being used as a storage by the owner. All units used by owner have the opportunity for market rents at the close of escrow. There is also another 2 bedrooms +1 bathroom and two 1 bedroom + 1 bathroom that are rented out. There additional income from the garage and possible income from Laundry room. Four units have their own balcony or private and tranquil serene yard!!! Roof was upgraded 6 years ago and electrical was upgraded 7 years ago. Copper Plumbing throughout most of the property.
Price
$1,325,000
Los Angeles
3,440 (approx)
SR16197478
Active
Description
Residential Four-Plex Plus More, and more, and more .... Income Property in the Heart of Hollywood!!! **Priced Well** So bring your offers fast as this listing will go fast. This unique property was originally a mixed used commercial property. The property is currently being used as a residential four-plex. However, this very unique property offers a lot more than just 4 units: An updated 2 bedrooms+ 1 bathroom and a 1 bedroom + 1 bathroom that is occupied by the owner. There is also an Studio that is being used as a storage by the owner. All units used by owner have the opportunity for market rents at the close of escrow. There is also another 2 bedrooms +1 bathroom and two 1 bedroom + 1 bathroom that are rented out. There additional income from the garage and possible income from Laundry room. Four units have their own balcony or private and tranquil serene yard!!! Roof was upgraded 6 years ago and electrical was upgraded 7 years ago. Copper Plumbing throughout most of the property.
Listing Information
Property Type: Cluster, 1 Story
0.12 Acres 554,400 sq.ft. 3,440 (approx)
$385.17 1921
Yes- 4 spaces 1
4 Total
Neighborhood
Room Information
Exterior / Lot Features
4 Garage Spaces, 8 Parking Spaces
None
No Pool
LAR3
Urban
Driving Directions
Cross Streets: Kingsley Drive
Financial Considerations
5544038036
,$1,440
Listing Price History

Hollywood Real Estate

Hollywood is located in California. Hollywood, California 90029 has a population of 1,902,251.

The median household income in Hollywood, California 90029 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Hollywood 90029 is 34.1 years.

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Courtesy: Exit Platinum Realty Fariba Maleki
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Information is deemed reliable but is not guaranteed.

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