SOLD
$1,850,000
Date 05/15/2023

5740 Fountain Avenue
Los Angeles, CA 90028

Other
Residence
8
Beds
8
Baths
4,992
Sqft
0.2597
Lot Size
Listing Agent: Adam Kanizo CalDRE: 02008361 - Paloma Realty Partners, Inc.
Unleash the potential with this unique 8-unit bungalow-style property. With 4 units currently vacant, you have the perfect canvas to create the investment property of your dreams. Despite needing renovations, this property offers a significant opportunity to increase its value and generate steady rental income from day 1. Poised for growth and waiting for the right investor to bring it to life. Don't miss out on this fantastic opportunity to secure your financial future!" The property comprises of 4 detached structures, each with 2 units, this property offers ample space and versatility. Currently trading at an in-place 4.5% cap rate and a 14 GRM, this investment is sure to generate a solid return on your investment.... Seller has concept to add 4 additional units, ask agent for more info.
23239469
Other, Bungalow
8
Los Angeles
8
1923
0.2597 Acres
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Transit Score

Listing Agent: Adam Kanizo CalDRE: 02008361 - Paloma Realty Partners, Inc.
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