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8468 Fountain Ave 13 Unit Apartment Building $8,434,965 CAD ($648,843 CAD/Unit) 4.88% Cap Rate West Hollywood, CA 90069
Investment Highlights
- Prime West Hollywood location positioned just off Santa Monica Boulevard and moments from the Sunset Strip
- Excellent accessibility to Beverly Hills, Hollywood, Century City, and Downtown Los Angeles via major surface streets
- Strong visibility within one of Los Angeles County's most established and sought-after urban submarkets.
- Surrounded by a dynamic mix of acclaimed restaurants, boutique retailers, hospitality venues, creative businesses, and luxury residential developments
- Located within a highly walkable neighborhood offering immediate access to dining, shopping, fitness, entertainment, and lifestyle amenities.
- Benefited by proximity to major media, entertainment, technology, and creative industry employers
Executive Summary
8468 Fountain Ave a 13 unit apartment building
located in the heart of West Hollywood, a highly desirable area in Los Angeles, California. Built
in 1939, the property consists of (1) studio unit, (8) one-bedroom + one-bathroom units, (1) one-
bedroom + one-bathroom + den unit, (1) two-bedroom + two-bathroom units, (1) two-bedroom +
two-bathroom townhouse and (1) two-bedroom + two-an-a-half-bathroom + den unit. The building is
13,131 gross square feet and sits on a 11,617 square foot lot.
8468 Fountain Ave is located on a charming, tree-lined street, situated in the heart of West
Hollywood. Residents will benefit from the close proximity to trendy coffee shops, cafes, restaurants
and retail shops along the renowned Sunset Strip and Santa Monica Blvd. The property is just minutes
away from Beverly Hills and Hollywood. This convenient location provides tenants with immediate
access to La Cienega Blvd and Santa Monica Blvd further extending the area’s connectivity.
8468 Fountain Ave represents a unique value-add opportunity for investors due to the property’s
location and rental upside. The property offers a initial CAP rate of 4.88% with the ability to improve to
a 7.18% CAP rate once units turnover.
located in the heart of West Hollywood, a highly desirable area in Los Angeles, California. Built
in 1939, the property consists of (1) studio unit, (8) one-bedroom + one-bathroom units, (1) one-
bedroom + one-bathroom + den unit, (1) two-bedroom + two-bathroom units, (1) two-bedroom +
two-bathroom townhouse and (1) two-bedroom + two-an-a-half-bathroom + den unit. The building is
13,131 gross square feet and sits on a 11,617 square foot lot.
8468 Fountain Ave is located on a charming, tree-lined street, situated in the heart of West
Hollywood. Residents will benefit from the close proximity to trendy coffee shops, cafes, restaurants
and retail shops along the renowned Sunset Strip and Santa Monica Blvd. The property is just minutes
away from Beverly Hills and Hollywood. This convenient location provides tenants with immediate
access to La Cienega Blvd and Santa Monica Blvd further extending the area’s connectivity.
8468 Fountain Ave represents a unique value-add opportunity for investors due to the property’s
location and rental upside. The property offers a initial CAP rate of 4.88% with the ability to improve to
a 7.18% CAP rate once units turnover.
Property Facts
| Price | $8,434,965 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $648,843 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 4.88% | Building Size | 13,131 SF |
| Gross Rent Multiplier | 15.13 | Average Occupancy | 97% |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1939 |
| Property Subtype | Apartment | ||
| Zoning | R4, West Hollywood - Restricted Density Multiple Dwelling | ||
| Price | $8,434,965 CAD |
| Price Per Unit | $648,843 CAD |
| Sale Type | Investment |
| Cap Rate | 4.88% |
| Gross Rent Multiplier | 15.13 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 13,131 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1939 |
| Zoning | R4, West Hollywood - Restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 9 | - | - |
| 2+2 | 2 | - | - |
| 2+2.5 | 1 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 5555-004-013 | Improvements Assessment | $1,299,200 CAD |
| Land Assessment | $1,868,346 CAD | Total Assessment | $3,167,546 CAD |
Property Taxes
Parcel Number
5555-004-013
Land Assessment
$1,868,346 CAD
Improvements Assessment
$1,299,200 CAD
Total Assessment
$3,167,546 CAD
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8468 Fountain Ave
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