Property listed by NorthMarq Realty Services, Inc., Elliot Hassan 949-717-5200
$2,195,000
7526 Fountain Avenue is a 10-unit multifamily investment opportunity located in one of West Hollywood's most desirable rental corridors. Built in 1955 and situated on a 7,500-square-foot lot, the building has remained largely in its original condition, giving new ownership a clear path to modernize the asset and capture meaningful… Read More embedded rental upside as units turn over. This makes the property a straightforward value-add opportunity for a buyer looking to reposition a well-located asset through a cohesive renovation program. The property spans approximately 7,747 gross square feet across two stories and includes a mix of two studio units, seven one-bedroom/one-bath units, and one spacious two-bedroom/one-bath unit. The gated community offers residents 10 on-site parking spaces and an owner-owned laundry facility that provides an additional income stream for ownership. Construction features a concrete foundation, wood framing, and a stucco, wood siding, and stone veneer exterior with a pitched roof, classic mid-century character that lends itself well to a thoughtful renovation and repositioning. Utilities are efficiently structured with individually metered electric and gas service, helping keep operating expenses in check for ownership. Located along Fountain Avenue in the highly desirable pocket of West Hollywood west of Fairfax, between Santa Monica Boulevard and Melrose Avenue, the property sits within a predominantly low-density neighborhood while remaining walkable to an outstanding collection of dining, shopping, nightlife, and entertainment. Residents enjoy easy access to the Sunset Strip, Melrose Avenue, and the West Hollywood Design District, along with everyday conveniences including Whole Foods, Trader Joe's, Sprouts, and Blue Bottle Coffee. The location also offers excellent connectivity to Beverly Hills, Century City, and Hollywood, placing residents close to some of the region's largest employment centers across entertainment, media, technology, legal, and financial services. The property is within a 30-minute drive of nearly 225 million square feet of office space across Los Angeles, including major concentrations of employers in West Hollywood/Hollywood, Beverly Hills/Century City, Mid-Wilshire, and Downtown Los Angeles. This level of accessibility appeals strongly to renters seeking a central, walkable lifestyle with manageable commute times, and it is particularly well-suited to roommate and couple households whose jobs may be spread across different parts of the city. The upcoming Purple Line extension at Wilshire/La Cienega, located approximately 1.9 miles away, is expected to further enhance connectivity to Downtown LA, Koreatown, and the Westside upon its planned completion. With its largely untouched condition, meaningful rental upside potential, and an unbeatable West Hollywood address surrounded by the city's top demand drivers, 7526 Fountain Avenue offers a compelling opportunity for an investor to execute a value-add strategy in a supply-constrained, high-barrier-to-entry submarket. Read Less
Listing Snapshot
Days Online
13
Last Updated
Beds
9
3/4 Baths
10
Square Ft.
7,747
Lot Size
0.16 Acres
Year Built
1955
MLS Number
26990429
Additional Details
Building
Built in 1955, Living area: 7747.0, 1 building, Levels: Two
Heating
None
Income
Gross Income: $210,744, Net Operating Income: $127,296
Lot
0.1648 acres, Dimensions: 50x140
Parking
Gated
Taxes
Parcel Number: 5530005006, Zoning: WDR2*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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