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$1,875,000

Beds
8
sq ft
3,516

4110 Fountain Ave, Los Angeles, CA 90029

4110 Fountain Ave

Los Angeles, CA 90029

  • 69 days on market
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!

Details

Property type

Est. home value

$1,129,508

Property condition

Updated/Remodeled

Lot size

2,422 sq ft

Price per sq ft

$534

Year built

1928

HOA

No

Price History

10/15/2024
CLAW

CLAW #24452601

Listed
$1,875,000
+66.67%
06/01/2023
CLAW

CLAW #23239241

Sold
$1,125,000

Schools & Community

Neighborhood: 

Silver Lake

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$888,642
Asking price
$1,875,000
Closing costs (~8% of asking)
-$150,000
Est. remaining loan balance
-$836,358
Cash to seller
$888,642

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Homexpress Mortgage Corp

Loan start date

April 2023

Original loan amount

$851,063

Est. remaining balance

$836,358

Interest rate

6.73%

Loan type

New Conventional, 30 year

Seller

Atelier Tardif Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 4:30 PM

Listing updated: 12/19/2024 at 4:52 AM

Listed by: Jeffrey Ulik, Sotheby's International Realty Phone #: (323) 665-1700

MLS: CLAW #24452601

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