Thursday, March 21, 2013

Just Reduced to $405,000: 4257 Fountain Avenue, Duplex near Trendy Sunset Junction

Craftsman Duplex for Sale just off Sunset Boulevard in Silver Lake
Adner Realty Group is pleased to announce we have a price reduction on our listing, 4257 Fountain Avenue, Los Angeles 90029, a Craftsman duplex in the trendy Silver Lake neighborhood.

New price is $405,000, yielding a 5.1% cap and 13.5 GRM on actual rents of $1,295 and $1,208. 

This building is located a short distance from the retail and restaurants on Sunset Boulevard and Hyperion Avenue and even the Vista, the movie theater with the most legroom in Los Angeles.

Hardwood Floors and Period Detail
The two 1 bedroom and 1 bath units total 1,152 sq ft.  The property sits on an 1,800 sq ft lot.

Upgrades include new electrical panel and tankless water heaters

Improvements made in 2008-2009 include two new electrical sub panels, two new tankless water heaters, two new ranges, two new dishwashers, one new refrigerator, two new washer-dryers and some new copper plumbing. 
Kitchens have washer dryers, built-in, 2009 appliances
The property's location, strong rental demand, and low expenses will benefit both owner-occupants and investors.

Bedroom with Hardwood Floors
This is an excellent opportunity to purchase a building with strong rents and low expenses near four of the hottest Greater Los Angeles area sub-markets -- Silver Lake, Los Feliz, Hollywood and Echo Park.

Adner Realty Group is a "market maker" in the Los Angeles multifamily business. If you would like a marketing brochure about the 4257 Fountain Avenue or information on other income properties, please call us at (310) 845-6810 or email us by clicking on this link.