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$2,350,000

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8 BD

5 BA

6,040 SqFt

Price Dropped by $29K

7401 Fountain Ave Los Angeles, CA 90046

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Joshua Shorter

soldbyshorter@gmail.com +1(702) 728-0089

UPDATED:

10/05/2024 05:08 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,040 sqft

Price per Sqft $389

MLS Listing ID 24-391369

Style Spanish

Bedrooms 8

Construction Status Fixer

Year Built 1920

Lot Size 6,228 Sqft

Acres 0.143

Property 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.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Range/Oven, Refrigerator, Ceiling Fan, Dishwasher, Washer, Dryer

Laundry In Unit

Exterior

Parking Features Gated, Private

Garage Spaces 6.0

Pool None

Roof Type Flat

Building

Lot Description Front Yard, Automatic Gate

Story 2

Sewer In Street

Water Public

Architectural Style Spanish

Level or Stories Two

Construction Status Fixer

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Compass

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Joshua Shorter

RE.S.0191694

+1(702) 728-0089

Joshua Shorter

7401 Fountain Ave Los Angeles, CA 90046

Joshua Shorter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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7401 Fountain Ave