7417 Fountain Avenue

Los Angeles, CA 90046

$2,199,000
Price
5
Beds
5
Baths
3,426 Sq. Ft.
$642 / Sq. Ft.
3,426
Sq. Ft.
$642
per Sq. Ft.

Description

Presenting a distinguished 4-unit property spread across two separate parcels, each with its own unique address exceedingly rare feature that simplifies leasing and management. This property encompasses both parcels, offering unparalleled convenience for rental purposes. Three of the four units will be delivered fully vacant, with the potential for the fourth unit to follow suit, providing immediate and substantial rental income. Currently, the property generates an impressive gross income exceeding...Presenting a distinguished 4-unit property spread across two separate parcels, each with its own unique address exceedingly rare feature that simplifies leasing and management. This property encompasses both parcels, offering unparalleled convenience for rental purposes. Three of the four units will be delivered fully vacant, with the potential for the fourth unit to follow suit, providing immediate and substantial rental income. Currently, the property generates an impressive gross income exceeding ($156,000,) with further potential for growth. The units exude a bright and inviting atmosphere, enhanced by their spacious layout and distinctive charm. The main unit features two well-appointed bedrooms, a stylish living room, and a generously sized kitchen. Each unit boasts its own kitchen and living area, ensuring comfort and privacy. The property also includes ample gated parking for all residents. Located in one of Los Angeles' most sought-after neighborhoods, this property is just minutes from premier restaurants, bars, and boutiques. This rare and exceptional offering is ideal for investors, owner-users, or anyone seeking to capitalize on rental income opportunities. Priced to Sell don't miss out on this remarkable chance to acquire a prime real estate asset.
  1. Listed by Bijan Saadati • DRE #01955838 • Brokerage DRE #01364089 • Keller Williams Hollywood Hills
  2. Listed by Iwona "Ivy" Lis • DRE #02120410 • Brokerage DRE #01364089 • Keller Williams Hollywood Hills

Property Details for 7417 Fountain Avenue

Zoning
LAR3
Parcel Number
5550023005
Total Units
4.0
Living Area
3426
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
0
Lot Size Area
6219
LISTING UPDATED: 09/06/2024 03:25 PM

Property Details for 7417 Fountain Avenue

StatusActive
MLS #24-430413
Days on Market69
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1937
Lot Size0.14 AC / 6,219 SF
CountyLos Angeles County

Building Information for 7417 Fountain Avenue

Stories-Residences-Year Built1937Building Size-Lot Size0.14 AC / 6,219 SF

Property Information for 7417 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: 0
  • Number Of Buildings: 2
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $159,600
  • Net Operating Income: $130,000.00
  • Gross Income: $159,600
  • Gross Rent Multiplier: $159,600.00
  • Total Annual Expense: 29600
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.1428
  • Lot Size Square Feet: 6219
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Gated
  • Total Parking: 0
  • Parking Features: Covered, Gated
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Air Conditioning, Wall/Window
  • Heating Type: Wall Electric
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Microwave, Gas Or Electric Dryer Hookup, Gas Dryer Hookup, Cable
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Detached/No Common Walls
  • Laundry: Dryer Included
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-22-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $4,250.00
  • Unit Projected Rent: $4,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $5,250.00
  • Unit Projected Rent: $5,250.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $3,100.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $868.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $275,000.00
  • Assessed Improvement Percent: 15.49
  • Assessed Land Value: $1,500,000.00
  • Assessed Land Percent: 84.51
  • Assessed Total Value: $1,775,000.00

Property History for 7417 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 7417 Fountain Avenue

Taxable ValueLand$1,530,000Additions$280,500Total$1,810,500
Tax Record2024$22,287 ($1,857 / month)
Home Facts
Total Finished SqFt3,426 SqFtAbove Grade Finished SqFt3,426 SqFtLot Size6,217 SqFtStyleQuadraplexYear Built1937ZoningLAR3CountyLOS ANGELESAPN5550-023-005

Schools near 7417 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 - 7 to 12
Rating
School
Distance
Gardner Street Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

West Hollywood Opportunity School
Public7 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.

Similar Homes

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7417 Fountain Avenue is a multi-family home for sale in Los Angeles, CA 90046. This property was listed for sale on August 21, 2024 by Keller Williams Hollywood Hills, it's currently listed at $2,199,000. It has been on the market for a total of 69 days and was last sold on October 12, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Gardner Street Elementary School, Hubert Howe Bancroft Middle School and Fairfax Senior High School. 7417 Fountain Avenue is a 5-bed, 5-bath, 3,426 sqft multi-family home built in 1937.

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 Keller Williams Hollywood Hills, Bijan Saadati, DRE #01955838; Keller Williams Hollywood Hills, Iwona "Ivy" Lis, DRE #02120410

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.