$2,399,000 Price Analysis   ♡   Los Angeles, CA 90046 8 bed 5 bath 6,040 SqFt ($397/SqFt) 6,228SqFt lot. Built 1920 Listed 2024-05-14, Taxes $18,698 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Welcome to 7401 Fountain Avenue
A charming multi-unit property strategically positioned at the crossroads of West Hollywood and Los Angeles. This unique real estate offering comprises a four-unit apartment building alongside a single-family home, which is currently configured as a one-bedroom, one-bathroom residence (previously two bedrooms). Marking its first availability in two decades, this property is situated in one of Los Angeles' most fashionable neighborhoods.The property showcases a significant investment potential, with one unit remodeled approximately two years ago and another eight years prior. The remaining two apartments and the detached home present a wealth of opportunity to enhance and optimize future rntal income. Furthermore, the R3 zoning with Tier 1 TOC underscores vast possibilities for future development, adding a layer of value to this investment.Located south of the iconic Sunset Strip, 7401 Fountain boasts an impressive Walk Score of 92, label ing it as a Walker's Paradise.
Residents enjoy proximity to Beverly Hills, The Grove and numerous renowned boutiques, eateries and entertainment venues within a 10-minute drive. In addition to its prime location, the property ensures tenant security with gated front access and an automated gate leading to a shared parking lot with six spaces, alleviating the typical urban parking challenges.Each open unit features laundry hook-ups, dining areas, hardwood floors, generous closet space and additional storage, all adorned with an abundance of original character from its 1920 construction. The property also benefits from updated electrical systems, enhancing its functionality and appeal. Sitting directly across from Plummer Park, this property spans a total lot size of 7, 536 square feet, offering both charm and a substantial canvas for modern enhancements.
Presented by Sebastian Wolski at
COMPASS.
Property MLS #24-391369 from TheMLSCLAW
Full Bathrooms: 5
Laundry Features: In Unit
Heating Features: Central
Lot Size Acres: 0.1429752
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6228
Parking Total: 6
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 3300, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2800, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2500, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 2300, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 2300
Number of Units Leased: 5
Tenant Pays: Electric, Cable TV, Gas, Air Cond/Heat Maint
Source Listing Status: Active
County: Los Angeles
Cross Street: Fountain and Vista
Cap Rate: 2.43
Directions: Corner of Fountain and N Vista
Source Property Type: Residential Income
Area: Hollywood
Source Neighborhood: Hollywood
Number of Separate Electric Meters: 5
Owner Pays: Water, Gardener
Parcel Number: 5550-023-008
Postal Code Plus 4: 5613
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $662,204 + $878,927 $1,541,131 | $18,698 |
| 2021 | $649,220 + $861,694 $1,510,914 | $18,443 |
| 2020 | $642,564 + $852,859 $1,495,423 | $18,628 |
| 2019 | $629,965 + $836,137 $1,466,102 | $17,897 |
| 2018 | $617,613 + $819,743 $1,437,356 | $17,780 |
| 2017 | $605,503 + $803,670 $1,409,173 | $17,401 |
| 2016 | $593,631 + $787,912 $1,381,543 | $16,965 |
| 2015 | $584,715 + $776,077 $1,360,792 | $16,719 |
| 2014 | $573,262 + $760,875 $1,334,137 | $16,797 |
| 2013 | $570,672 + $757,437 $1,328,109 | $16,792 |
| 2012 | $375,000 + $500,000 $875,000 | $11,613 |
| 2010 | $375,000 + $500,000 $875,000 | $8,083 |
| 2009 | $545,708 + $724,302 $1,270,010 | $16,258 |
| 2009 | $247,000 + $328,000 $575,000 | $16,258 |
| 2008 | $535,008 + $710,100 $1,245,108 | $15,572 |
| 2007 | $656,880 + $510,000 $1,166,880 | $14,425 |
$2,399,000
TheMLSCLAW
Listed 2024-05-14
$2,449,999
TheMLSCLAW
Listing removed 2006-08-08
$1,459,000
ITECH
Listed 2006-02-06
$1,459,000
ITECH
Sold 2005-07-07
$1,150,000
Public Record
Listing removed 2002-11-06
$769,000
ITECH
Listed 2001-04-30
$769,000
ITECH
Sold 1998-02-27
$315,000
Public Record
Sold 1988-11-29
$315,000
Public Record
Sold 1987-06-25
$300,000
Public Record
Year Built: 1920
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 104
Property Condition: Fixer
Roof: Flat
Levels or Stories: 2
Building Total Stories: 2
House Style: Spanish
Year Built Source: Vendor Enhanced
Architectural Style: Spanish
Security Features: Automatic Gate, Gated
Map directions Map directions Map directions Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.