7950-7958 Fountain Ave - Storefront Retail/Office FOR SALE


West Hollywood, CA 90046
$4,300,000 USD
818-482-3666
7950-7958 Fountain Ave, West Hollywood, CA for Sale
$4,300,000 USD
Storefront Retail/Office - FOR SALE
1/15
null | 7.14% Cap Rate

7950-7958 Fountain Ave
West Hollywood, CA 90046


HIGHLIGHTS

  • Location! Location! Location!
  • 5 Retail Spaces
  • Amazing Value Add Opportunity
  • Ideal for End User
  • Prime Corner Location
  • High Traffic Counts

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$691 USD /SF

CAP RATE

7.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bar, Drug Store, Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

WDC1B

APN/PARCEL ID

5554-011-001

ASK ABOUT THIS PROPERTY

Gabriel ChipeLeola Commercial Inc.More Info
818-482-3666

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Gabriel ChipeLeola Commercial Inc.More Info
818-482-3666

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.