7950-7958 Fountain Ave 6,222 SF 52% Leased Retail Building West Hollywood, CA 90046 £3,015,276 (£484.62/SF) 6.53% Net Initial Yield
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 bought at $4.875MM. He is open to all offers. ALL CASH price is $3,999,888 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 two tenants are Month to Month with expired below market rents and three units are vacant.
Time is of the essence to this seller.
Comps support price of $5.3MM . Seller bought at $4.875MM. He is open to all offers. ALL CASH price is $3,999,888 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 two tenants are Month to Month with expired below market rents and three 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
£3,015,276
Price Per SF
£484.62
Net Initial Yield
6.53%
NOI
£196,898
Percent Leased
52%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.84
Lot Size
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 (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5554-011-001 | Improvements Assessment | £398,851 |
| Land Assessment | £3,489,943 | Total Assessment | £3,888,793 |
