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7417 Fountain Avenue

Los Angeles, CA 90046

– beds
– baths
– sqft
6,219 sqft lot
1937 build
– on site

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.

Listed By CRMLS_CA / Bijan Saadati / Keller Williams Hollywood Hills

Last checked: Checking… • Last updated Dec 9, 2024 •

MLS# 24430413 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1937
New Construction:

No
Building Area Total:

3426.00
Total Number Of Units:

4
# of Buildings:

2
Common Walls:

No Common Walls

Interior

Features:

Ceiling Fan(s)
Levels:

Two
Laundry:

Dryer Included
Laundry:

1

Location

Directions:

On Fountain Ave between Fairfax & La Brea
Latitude:

34.09457000
Longitude:

-118.35248500

The Property

Property Type:

Residential Income
Zoning:

LAR3
Lot Size Area:

6219.0000
Lot Size Acres:

0.1428
Lot Size SqFt:

6219.00
Additional Parcels:

Yes

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5550023005

Heating & Cooling

Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Appliances

Appliances:

Dishwasher, Disposal, Microwave
Included:

Yes

The Community

Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

No

Parking

Parking:

Yes
Parking:

Covered, Gated

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
8/22/24 Aug 22, 2024	Listed / Active	CRMLS_CA	$2,199,000	20.5% (11.0% / YR)
10/12/22 Oct 12, 2022		CRMLS_CA	$1,825,000	-1.4%
8/23/22 Aug 23, 2022		CRMLS_CA	$1,850,000

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This multifamily located in Central LA, Los Angeles, CA 90046 is currently for sale for $2,199,000. 7417 Fountain Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 122 days. 7417 Fountain Avenue is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 94, making it a walker’s paradise. This multifamily is in the attendance area of Gardner Street Elementary School, Hubert Howe Bancroft Middle School, and Fairfax Senior High School.

Listing Courtesy of: CRMLS_CA and Keller Williams Hollywood Hills. Based on information from California Regional Multiple Listing Service, Inc. as of 15:24 on Dec 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.