10-Unit Apartment
7550 Fountain Ave, West Hollywood, CA 90046
For Sale
$3,795,000
A varied one- and two-bedroom unit mix is paired with gated entry, on-site laundry and parking.
Property Size8,390 SF
Price / SF$452.32
Days on Market266
Property Features for 7550 Fountain Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
gated access
on-site laundry
parking
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Yar Meshkaty · License CA #01060780
(310) 658-4525
Source:
Aspirelosangeles
Added: Feb 18
Changed: Nov 7
Last Checked: Nov 9 at 3:14PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1958, this 8,390-square-foot apartment property in West Hollywood contains 10 units: six with one bedroom and one bathroom, and four with two bedrooms and two bathrooms. The interiors include a mix of updated and original units.
Gated access, on-site laundry and parking serve residents. The property is near the Sunset Strip and the retail and dining options along Melrose Avenue.
Gated access, on-site laundry and parking serve residents. The property is near the Sunset Strip and the retail and dining options along Melrose Avenue.
Key Highlights
- 10 apartments in an 8,390‑square‑foot property
- Six 1‑bedroom/1‑bath units and four 2‑bedroom/2‑bath units
- Combination of updated and original interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,002
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,700,040
$2.7M
Cap Rate 7%
$1,928,600
$1.9M
Cap Rate 9%
$1,500,022
$1.5M
Market Conditions
NOI Build-Up for 8,390 SF
Gross rent
$266.8K $31.80/SF
− Vacancy
−$21.3K −$2.54/SF
EGI
$245.5K $29.26/SF
− OpEx
−$110.5K −$13.17/SF
NOI
$135.0K $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 Rate 5%
$2,700,040
Cap Rate 7%
$1,928,600
Cap Rate 9%
$1,500,022
Alternative Uses
Best Use
Apartment 5plus
$1.93M
$1.69M – $2.25M
NOI $135,002 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.49M
$3.93M – $5.24M
NOI $314,438 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
10
Residential units
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
$1,411,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in West Hollywood, CA
Properties on Market for Apartment buildings in West Hollywood
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied one- and two-bedroom unit mix is paired with gated entry, on-site laundry and parking.
Where is this apartment building located?
The property is located at 7550 Fountain Ave West Hollywood, CA.
What is the asking price?
The asking price for this property is $3,795,000.
What are key features of this property?
This property features: 10 apartments in an 8,390‑square‑foot property; Six 1‑bedroom/1‑bath units and four 2‑bedroom/2‑bath units; Combination of updated and original interiors
