7659 Fountain Ave, Los Angeles, CA 90046
Adel : (747) 263-8247 Email : Adel@genesis-investment.com
This perfectly located 1,017 sqft property lies on a 4,721 sqft lot, adjacent to west Hollywood, close to Santa Monica Blvd. It has a 2bed 2bath turnkey home. The land has an R3 zoning which can take up to 5 units, Its surrounded by similar apartment buildings.
Purchase Price = $1.53 M (includes assignment fee)
Profit Calculation (Sale) Purchase price $1.53m Construction $1m Closing costs (2%) $28,000 Total Cost $2,558,000 Selling Price $3.3m Projected Profit $742,000 Adel : (747) 263-8247 Email : Adel@genesis-investment.com Note: please do your due diligence. This information is provided to the best of our knowledge and we make no guarantees to the accuracy of this data CASH or HARD MONEY ONLY Projected Financial Summary (rental) Gross Rental Income $190,000 Taxes $37,000 Operating Expenses $5,500 Total Expenses $42,500 Net Operating Income $147,500