7950-7958 Fountain Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
7950-7958 Fountain Ave
6,222 SF 52% Leased Retail Building West Hollywood, CA 90046 $4,300,000 ($691/SF) 7.14% Cap Rate
Investment Highlights
- Location! Location! Location!
- Amazing Value Add Opportunity
- Prime Corner Location
- 5 Retail Spaces
- Ideal for End User
- High Traffic Counts
Executive Summary
Leola Commercial proudly presents the deal of the year! Value Add-check, Fantastic Price-check, Great Location—check! Seller is willing to sell below valued price (based on comps). A savvy investor can make new leases for current tenants and bring them up to market rent. Investor can lease up three vacant units at market rent or it can be ideal for an end user.
Comps support price of $5.3MM . Seller is motivated enough to list at $5M. He bought at $4.875MM. He is open to all offers. ALL CASH price is $4.3MM with a quick close. He bought this with the intention of being an end user, but never moved in his business. He's ready to let this go.
Deal is Retail in amazing location in West Hollywood. 5 units on the corner of Fountain and Hayworth (just east of Crescent Heights Blvd) in between World Famous Sunset Strip (Sunset Blvd) and Santa Monica Blvd. Huge Upside, as three tenants are Month to Month with expired below market rents and two units are vacant.
Time is of the essence to this seller.
Comps support price of $5.3MM . Seller is motivated enough to list at $5M. He bought at $4.875MM. He is open to all offers. ALL CASH price is $4.3MM with a quick close. He bought this with the intention of being an end user, but never moved in his business. He's ready to let this go.
Deal is Retail in amazing location in West Hollywood. 5 units on the corner of Fountain and Hayworth (just east of Crescent Heights Blvd) in between World Famous Sunset Strip (Sunset Blvd) and Santa Monica Blvd. Huge Upside, as three tenants are Month to Month with expired below market rents and two units are vacant.
Time is of the essence to this seller.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,222 SF
Building Class
B
Year Built
1925
Price
$4,300,000
Price Per SF
$691
Cap Rate
7.14%
NOI
$306,912
Percent Leased
52%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.84
Land Acres
0.17 AC
Zoning
WDC1B - Retail
Parking
9 Spaces (1.45 Spaces per 1,000 SF Leased)
Frontage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- A
- 868 SF
- Retail
- In-Line
- Now
- B
- 883 SF
- Retail
- In-Line
- Now
- C
- 1,243 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| A | 868 SF | Retail | In-Line | Now |
| B | 883 SF | Retail | In-Line | Now |
| C | 1,243 SF | Retail | In-Line | Now |
A
| Size |
| 868 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
B
| Size |
| 883 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
C
| Size |
| 1,243 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Walk Score ®
Walker's Paradise (94)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5554-011-001 | Improvements Assessment | $510,000 |
| Land Assessment | $4,462,500 | Total Assessment | $4,972,500 |
PROPERTY TAXES
Parcel Number
5554-011-001
Land Assessment
$4,462,500
Improvements Assessment
$510,000
Total Assessment
$4,972,500
-
Gabriel Chipe -
Leola Commercial Inc.
1 of 16
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
7950-7958 Fountain Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.