10 Units, 14.02 GRM, 4.85% CAP
The Fountain Apartments is a 10 unit apartment building, located in the Heart of Hollywood, consisting of 10 one bedroom one bathroom units, just blocks away various eateries and the main Hollywood train station.
All units have various upgrades and it’s own water heaters, essentially alleviating any gas bills for the owner to pay. There is no parking on-site and no laundry facility on-site either, but plenty of street parking and nearby laundromats. Three units will be delivered vacant, allowing investors to place tenants of choice.
The affordability and location makes renters flock to the Fountain Apartments. With constant ongoing development around the entire area, the Fountain Apartments is truly a desirable property, in a desirable location, for both first time buyers or experienced investors.
Total annual gross income for the property is $155,085. Low property expenses and easy management make the Fountain Apartments a desirable investment for anyone looking to own an apartment building in Hollywood. Close proximity to shops and eateries, and near the Hollywood/Western Train Station.
© Baboudjian Properties, Inc.