7236 Fountain Ave 19 Unit Apartment Building $7,515,168 CAD ($395,535 CAD/Unit) 5.05% Cap Rate West Hollywood, CA 90046

Kidder Mathews presents an exceptional mid-century value-add investment opportunity at 7236 Fountain Avenue in the highly desirable West Hollywood submarket, offering a substantial chance for immediate capital appreciation for the first time in decades. The building is currently operating as 19 units but is legally entitled for 20 units (buyer to verify), featuring an excellent unit mix of 7 two-bedroom, 11 one-bedroom, and 1 single. Investors can target an impressive 28% projected rental upside by executing strategic interior and exterior renovations to capture the premium rents realized for luxury rentals in this high-demand neighborhood. The property boasts excellent resident appeal with desirable amenities like a swimming pool, secured courtyard, and large unit layouts, complemented by abundant parking with capacity for up to 16 tandem spaces and an 11-car subterranean garage. Furthermore, the property benefits from operational efficiencies with seismic retrofitting, separate metering for utilities, and a solar water heating system. Situated in the sought-after 90046 ZIP code, the location is a Walker's Paradise (Walk Score of 92), placing residents moments from iconic destinations like the Sunset Strip, Melrose Avenue, and the Design District, ensuring smooth commutes and access to a vibrant cultural hub between Beverly Hills and Hollywood.