4920-4922 Fountain Avenue

Los Angeles, CA 90029

$1,599,000
Price
3
Beds
1,656 Sq. Ft.
$966 / Sq. Ft.
1,656
Sq. Ft.
$966
per Sq. Ft.

Description

Renovated Duplex fully leased at $6,600 Monthly rent. Possible Apts. Development project
Market Rate Project: 16 units includes 2 Affordable. 4 story Building with1 level Subterranean parking
100% Affordable: ED1 Project; 28 units of Singles & 1 bedrooms with No Parking requirement.
Renovated Duplex fully leased at $6,600 Monthly rent. Possible Apts. Development project
Market Rate Project: 16 units includes 2 Affordable. 4 story Building with1 level Subterranean parking
100% Affordable: ED1 Project; 28 units of Singles & 1 bedrooms with No Parking requirement.
  1. Listed by Roobik Ovanesian • DRE #00997117 • Brokerage DRE #01338809 • Cranbrook Realty Corp. • roobik.crc@sbcglobal.net

Property Details for 4920-4922 Fountain Avenue

Architectural Style
Bungalow
View
None
Parking Spaces Total
7
Private Pool
No
Total Units
2.0
Lot Size Source
Assessor
Lot Size Dimensions
50 X 136.5
Property Attached YN
true
LISTING UPDATED: 10/02/2024 11:30 PM

Property Details for 4920-4922 Fountain Avenue

StatusActive
MLS #GD24201571
Days on Market54
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1924
Lot Size0.16 AC / 6,827 SF
CountyLos Angeles County

Building Information for 4920-4922 Fountain Avenue

Stories1Residences-Year Built1924Building Size-Lot Size0.16 AC / 6,827 SF

Property Information for 4920-4922 Fountain Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities, Electricity, Grounds Care, Gas, Janitorial Service
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $79,200
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $79,200
  • Net Operating Income: $64,200
  • Number Of Rented Garages: 2
  • Laundry Income: $0
  • Gross Multiplier: 20.0
Expense Details
  • Operating Expense: $15,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,000
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $2,000
Tax / Assessment Info
  • Tax Tract Number: 5540
  • Tax Census Tract: 1912.04
  • Tax Lot: 3
Community / Development
Community / Development
  • Accessibility Features: None, No Interior Steps, Parking
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Water Heater, Vented Exhaust Fan, Water Heater
  • Interior Features: Copper Plumbing Full
  • Room Type: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Fireplace Features: Living Room, Gas
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Laminate
Exterior Features
  • Security Features: Carbon Monoxide Detector(s)
  • Construction Materials: Concrete, Drywall Walls, Frame, Glass, Plaster, Stucco
  • Exterior Features: Awning(s)
  • Roof: Shingle
  • Entry Location: st
  • Fence: Yes
  • Fencing: Chain Link, Wood, Wrought Iron
  • Foundation Details: Concrete Perimeter, Raised
  • Pool Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Back Yard, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot
  • Land Lease: No
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Uncovered Spaces: 5
  • Parking Features: Driveway, Paved, Garage - Single Door, Gated, On Site
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $6,600
  • Unit Type Total Rent: $6,600
  • Unit Type Pro Forma: 6600
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 4920-4922 Fountain Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 4920-4922 Fountain Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ramona Elementary School
PublicK to 5

Joseph Le Conte Middle School
Public6 to 8

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
Public9 to 12

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.

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4920-4922 Fountain Avenue is a multi-family home for sale in Los Angeles, CA 90029. This property was listed for sale on September 27, 2024 by Cranbrook Realty Corp., it's currently listed at $1,599,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Ramona Elementary School, Joseph Le Conte Middle School and Helen Bernstein High School. 4920-4922 Fountain Avenue is a 3-bed, 0-bath, 1,656 sqft multi-family home built in 1924.

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 Cranbrook Realty Corp., Roobik Ovanesian, DRE #00997117

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.