$2,379,000 Price Analysis 7401 Fountain AveLos Angeles, CA 90046 8 bed 5 bath 6,040 SqFt ($393/SqFt) 6,228SqFt lot. Built 1920 Listed 2024-05-14, Taxes $18,698 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 rental 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, labeling it as a Walker's Paradise.
R esidents 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 sizeable 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 sze 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
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 |
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.