$2,350,000
 $12,615 est/mo Sourced by Back At You

7401 Fountain Avenue , Los Angeles, CA 90046

Los Angeles, CA 90046

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Description

Welcome to 7401 Fountain Avenue, 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 (with one unit as Section 8) 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 just south of the iconic Sunset Strip, 7401 Fountain boasts an impressive Walk Score of 92, labeling it as a "Walker's Paradise." Residents 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 spacious 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 size of 7,536 square feet, offering both charm and a substantial canvas for modern enhancements.

Details

MLS#24391369
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1920
Days On Site173
Listing Provided ByCompass 310-230-5478 | Sebastian Wolski

Features

Bed(s)8
Bath(s)5
SQ Feet6,040
Story(s)2
Units5
Building(s)2
ZoningLAR3
Acreage0.14

Market Activity 90046

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 1 minute ago
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90046
AreaC20 Hollywood
Listing VS Median (in 90046)
Price:
$2,350,000
low | high
Med:
$632,500
100% of Average
SqFt:
6,040
low | high
Med:
995
100% of Average
$ / SqFt:
$389
low | high
Med:
$652
17.596553578104% of Average
On Site:
173
low | high
Med:
21.000000
100% of Average
Sourced by Back At You
Listing Updated: October 5, 2024 at 10:23:39 AM PDT