tomo logo

$1,475,000

Beds
3
Baths
2.0
sq ft
1,700

4281 Fountain Ave, Los Angeles, CA 90029

4281 Fountain Ave

Los Angeles, CA 90029

  • 114 days on market
    • Price drop $224,000↓
Discover the extraordinary potential of this one-of-a-kind multi-unit property, in close proximity to Silverlake's Sunset Junction. After an extensive 3-year application process, the zoning variance has been successfully granted, transforming this unique gem into a versatile space for residential and commercial use.Originally designed with two ground-floor store fronts and an upper-level space, this stunning Art Deco corner property sits on a spacious lot, offering abundant parking space suitable for multiple businesses, a luxurious residence, or a harmonious combination of both.Moreover, the parking lot features an income-generating billboard, adding to the investment allure.For those with grand visions, the seller has secured fully approved architectural plans. Unlock the possibilities and make this unique property your canvas for creative ventures. Explore its potential as a lucrative investment, a dream home, or a blend of both, in a prime location with endless opportunities. All approvals, plans and permits to be verified by Buyer.

Details

Property type

Single Family Residence

Est. home value

$1,963,007

Lot size

5,426 sq ft

Price per sq ft

$868

Year built

1949

HOA

No

Price History

10/07/2024
CLAW

CLAW #24419143

Price change
$1,475,000
-13.18%
08/06/2024
CLAW

CLAW #24419143

Pending
$1,699,000
07/24/2024
CLAW

CLAW #24419143

Listed
$1,699,000

Schools & Community

Neighborhood: 

Los Feliz

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

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

Lender

Jpmorgan Chase Bank Na

Loan start date

September 2015

Original loan amount

$960,000

Est. remaining balance

Not provided

Interest rate

4.04%

Loan type

Commercial

Seller

Eric Arturo Espinoza and Christine Formosa Lai

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?

Similar Homes Nearby

Price drop
CRMLS
$1,450,000
3 bd
|
2 ba
|
1,708 sq ft
|
House

743 N Alexandria Ave, Los Angeles, CA 90029

CLAW
$1,360,000
3 bd
|
2 ba
|
1,509 sq ft
|
House

2321 Lake View Ave, Los Angeles, CA 90039

Price drop
CRMLS
$1,349,999
3 bd
|
1.75 ba
|
1,072 sq ft
|
House

2247 Earl St, Los Angeles, CA 90039

Status: Active

Tomo last checked: 11/15/2024 at 10:25 PM

Listing updated: 10/10/2024 at 8:33 AM

Listed by: Shane Markland, Compass Phone #: (323) 593-6999

MLS: CLAW #24419143

CLAW logo

Recently listed in Los Angeles

$1,899,000|4 bd|2.0 ba|House
$18,495,000|8 bd|8.25 ba|House
$1,748,000|4 bd|4.5 ba|House
$39,995,000|6 bd|11.0 ba|House
$1,649,000|3 bd|3.5 ba|House
$1,850,000|3 bd|2.0 ba|House
$2,125,000|4 bd|3.0 ba|House
$2,880,000|2 bd|2.0 ba|House
$3,500,000|4 bd|3.0 ba|House