5663 FOUNTAIN AVE Los Angeles, CA 90028

I am pleased to present for sale 5663 Fountain Avenue, an 8-unit apartment building, located in the heart of Los Angeles' Hollywood neighborhood. As one of Los Angeles' densely populated neighborhoods, this submarket's popularity has grown significantly over the recent years, with vibrant and lively nightlife scene and trendy retail and coffee shops in the immediate area. With new ground-up development in the immediate gentrifying area, the location has been catering to families, young professionals and hipsters alike in recent years. The location of the asset is also considered a "Walkers Paradise" with an 85 Walk Score and situated a short distance from highly desirable dining and entertainment options. 5663 Fountain Avenue currently consists of eight (8) two-bedroom units with permitted plans to convert into four (4) two-bedroom units and four (4) permitted three-bedroom units and is conveniently separately metered for gas and electric. With six out of eight units being delivered vacant, new ownership will have the opportunity to renovate and achieve additional rental premiums immediately. The subject property allows an investor to acquire a well-located apartment asset with the unique ability to immediately renovate and re-tenant the property. Income and Expenses are based entirely off projections and do not represent the current performance of the property. 3B/1B Units are Permitted. Currently Operating as 2B/1B.