4110 Fountain Avenue

Los Angeles, CA 90029

$1,875,000
Price
8
Beds
4.5
Baths
3,516 Sq. Ft.
$533 / Sq. Ft.
3,516
Sq. Ft.
$533
per Sq. Ft.

Description

Welcome to this BEAUTIFUL TURN-KEY 4-PLEX in the heart of SILVERLAKE! This French Normandy building is being sold with 3 FULLY-REMODELED and VACANT units! Located in one of the most PREMIUM RENTAL MARKETS in LA, this charming 1920s 4-PLEX sits a stones-throw away from coffee shops like INTELLEGENCIA, LA COLOMBE and CAFE STELLA as well as major grocery stores like EREWHON, WHOLE FOODS and TRADER JOES. Everything is within walking distance. This is a SECOND-TO-NONE building nested at the exact INTERSECTION...Welcome to this BEAUTIFUL TURN-KEY 4-PLEX in the heart of SILVERLAKE! This French Normandy building is being sold with 3 FULLY-REMODELED and VACANT units! Located in one of the most PREMIUM RENTAL MARKETS in LA, this charming 1920s 4-PLEX sits a stones-throw away from coffee shops like INTELLEGENCIA, LA COLOMBE and CAFE STELLA as well as major grocery stores like EREWHON, WHOLE FOODS and TRADER JOES. Everything is within walking distance. This is a SECOND-TO-NONE building nested at the exact INTERSECTION OF SILVERLAKE, LOS FELIZ AND EAST HOLLYWOOD, just two blocks away from SUNSET JUNCTION. Take a stroll at Golden Hour over to your favorite restaurant, or grab some ice cream at SALT 'n STRAW. No driving necessary. Rental Demand is EXTREMELY HIGH, with major employers like NETFLIX, KAISER and several MAJOR STUDIOS just minutes away. This building is IN COMPLIANCE with all earthquake structural requirements as part of the City of Los Angeles ordinances. The roof is less than a decade old and has been inspected. ALL UNITS have SEPARATE METERS for gas and electrical. Three out of four units have been TASTEFULLY UPGRADED with NEW KITCHENS, FLOORING and ELECTRICAL PANELS. All plumbing is a combination of COOPER and PVC. The building has been diligently maintained and has LAUNDRY ON-SITE. Minimal upkeep and maintenance make this an unparalleled CASH COW for NEW-OWNERSHIP. There are not too many buildings in this area with as much PRIDE OF OWNERSHIP and immediate CASHFLOW POTENTIAL. Come see this WONDERFUL OPPORTUNITY before its gone!
  1. Listed by Jeffrey Ulik • DRE #02058944 • Brokerage DRE #01407690 • Sotheby's International Realty

Property Details for 4110 Fountain Avenue

Zoning
LAC2
Style
French Normandy
Parcel Number
5429011018
Total Units
4.0
Living Area
3516
Source Living Area
Assessor
Area
Silver Lake (671)
Vacancy Rate
0
LISTING UPDATED: 12/17/2024 11:35 AM

Property Details for 4110 Fountain Avenue

StatusActive
MLS #24-452601
Days on Market67
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.06 AC / 2,422 SF
CountyLos Angeles County

Building Information for 4110 Fountain Avenue

Stories2Residences-Year Built1928Building Size-Lot Size0.06 AC / 2,422 SF

Property Information for 4110 Fountain Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: Yes
  • View Description: Hills
  • View: Hills
  • Entry Floor Number: 1
  • Security Features: Card/Code Access, Gated, Window Bars
  • Direction Faces: North
  • Property Condition: Updated/Remodeled
  • Water: District
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan, Conventional
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $11,500
  • Net Operating Income: $115,008.00
  • Gross Income: $12,200
  • Cap Rate: 6.20%
  • Gross Rent Multiplier: $12.80
  • Actual Annual Gross Rent: $147,600.00
  • Actual Gross Annual Income: $147,600
  • Actual Rent Total: $12,200.00
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 32592
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0556
  • Lot Size Square Feet: 2422
  • Lot Description: 2-4 Lots
Parking Details
Parking Details
  • Parking Garage: On street
  • Total Parking: 0
  • Parking Features: Street
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Hardwood, Ceramic Tile
  • Equipment: Ceiling Fan, Range/Oven, Garbage Disposal
  • Interior Features: Furnished
  • Common Walls: Attached
  • Cooking Appliances: Built-In Gas
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Flat
  • Entry Location: Foyer
  • New Construction: No
  • Foundation Details: Slab
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-15-2024
  • Listing Terms: Contract
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $3,700.00
  • Unit Actual Rent: $3,700.00
  • Unit Projected Rent: $3,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $1,180.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,700.00
  • Unit Actual Rent: $3,700.00
  • Unit Projected Rent: $3,750.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,700.00
  • Unit Actual Rent: $3,700.00
  • Unit Projected Rent: $3,750.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Carpet: 0
  • Number of Dishwasher: 0
  • Number of Disposal: 4
  • Number of Drapes: 4
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Leased: 1
  • Number Range: 4
  • Number Refrigerator: 4
  • Number Water Meters: 4
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $175,537.00
  • Assessed Improvement Percent: 60.84
  • Assessed Land Value: $113,000.00
  • Assessed Land Percent: 39.16
  • Assessed Total Value: $288,537.00

Property History for 4110 Fountain Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4110 Fountain Avenue

Taxable ValueLand$918,000Additions$216,750Total$1,134,750
Tax Record2024$13,994 ($1,166 / month)
Home Facts
Total Finished SqFt3,516 SqFtAbove Grade Finished SqFt3,516 SqFtLot Size2,422 SqFtStyleQuadraplexYear Built1928ZoningLAC2CountyLOS ANGELESAPN5429-011-018

Schools near 4110 Fountain Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
Lockwood Avenue Elementary School
PublicK to 6

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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4110 Fountain Avenue is a multi-family home for sale in Los Angeles, CA 90029. This property was listed for sale on October 15, 2024 by Sotheby's International Realty, it's currently listed at $1,875,000. It has been on the market for a total of 67 days and was last sold on June 1, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Lockwood Avenue Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 4110 Fountain Avenue is a 8-bed, 4.5-bath, 3,516 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sotheby's International Realty, Jeffrey Ulik, DRE #02058944

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.