10-Unit Apartment
For Sale
Contact for pricing
7526 Fountain Avenue, West Hollywood, CA 90046
Gated multifamily property with varied unit configurations, on-site laundry, and dedicated parking.
Property Size7,747 SF
Lot Size0.17 Acres
Price / SF$309.80
Days on Market11
Property Features for 7526 Fountain Avenue
General Information
Standard status
Active
Size
7,747 SF
Total Parking Spaces
10
Lot size
0.17 Acres
Property subtype
Multifamily
Units
Unit Mix
2 x studio, 7 x 1BR, 1 x 2BR/1BA
Multifamily Units
10
Additional Details
Average Monthly Rent
$1,748
Road Access
Yes
Amenities
gated
laundry facility
Building Details
Year Built
1955
Listing Agency:
Northmarq
Listed By:
Michael Hanassab · License #CA 01484891
Source:
Crexi
Added: Sep 1
Changed: Sep 9
Last Checked: Sep 10 at 6:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq
Investment Insights
Based on property information with market context.
This 10-unit apartment property was constructed in 1955 and occupies an approximately 7,500-square-foot lot. The approximately 7,747 gross-square-foot building includes two studio apartments, seven one-bedroom apartments, and one two-bedroom, one-bathroom apartment. The gated grounds provide 10 parking spaces and an owner-owned laundry facility. The property remains largely in its original condition, offering a defined renovation scope for new ownership.
The building is located along Fountain Avenue in West Hollywood, with access to the Sunset Strip, Santa Monica Boulevard, Melrose Avenue, Beverly Hills, Century City, Hollywood, and nearby employment centers. Dining, nightlife, entertainment, retail, and everyday amenities are available throughout the surrounding West Hollywood area.
The building is located along Fountain Avenue in West Hollywood, with access to the Sunset Strip, Santa Monica Boulevard, Melrose Avenue, Beverly Hills, Century City, Hollywood, and nearby employment centers. Dining, nightlife, entertainment, retail, and everyday amenities are available throughout the surrounding West Hollywood area.
Key Highlights
- 10‑unit apartment property constructed in 1955
- Approximately 7,747 gross square feet on an approximately 7,500‑square‑foot lot
- Unit mix includes 2 studios, 7 one‑bedroom units, and 1 two‑bedroom/one‑bathroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$124,655
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,493,100
$2.5M
Cap Rate 7%
$1,780,786
$1.8M
Cap Rate 9%
$1,385,056
$1.4M
Market Conditions
NOI Build-Up for 7,747 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$246.4K $31.80/SF
− Vacancy
−$19.7K −$2.54/SF
EGI
$226.6K $29.26/SF
− OpEx
−$102.0K −$13.17/SF
NOI
$124.7K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,493,100
Cap Rate 7%
$1,780,786
Cap Rate 9%
$1,385,056
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,655 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.15M
$3.63M – $4.84M
NOI $290,340 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
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Business Placement
Demographics for 90046, CA
49,987
Population
31,929
Households
1.6
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
8,770
Density / Sq Mi
$94,259
Median Household Income
$65,607
Median Earnings
$2,204
Median Rent
$1,411,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Gated multifamily property with varied unit configurations, on-site laundry, and dedicated parking.
Where is this apartment building located?
The property is located at 7526 Fountain Avenue West Hollywood, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 10‑unit apartment property constructed in 1955; Approximately 7,747 gross square feet on an approximately 7,500‑square‑foot lot; Unit mix includes 2 studios, 7 one‑bedroom units, and 1 two‑bedroom/one‑bathroom unit
