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$2,199,000

Beds
5
sq ft
3,426

7417 Fountain Ave, Los Angeles, CA 90046

7417 Fountain Ave

Los Angeles, CA 90046

  • 125 days on market
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.

Details

Property type

Lot size

6,219 sq ft

Price per sq ft

$642

Year built

1937

HOA

No

Price History

08/21/2024
CLAW

CLAW #24430413

Listed
$2,199,000
+20.49%
10/12/2022
CLAW

CLAW #22188313

Sold
$1,825,000

Schools & Community

Neighborhood: 

Hollywood

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

Axos Bank

Loan start date

September 2022

Original loan amount

$650,000

Est. remaining balance

Not provided

Interest rate

6.62%

Loan type

New Conventional, 30 year

Seller

Rp Hollywood Homes 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: 12/25/2024 at 6:10 AM

Listing updated: 12/05/2024 at 2:37 PM

Listed by: Bijan Saadati, Keller Williams Hollywood Hills Phone #: (310) 623-1300

MLS: CLAW #24430413

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