7401 Fountain AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90046
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,040 sqft
Price per Sqft $389
MLS Listing ID 24391369
Bedrooms 8
Construction Status Fixer
HOA Y/N No
Year Built 1920
Lot Size 6,229 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 C20 - Hollywood
Zoning LAR3
Interior
Interior Features Ceiling Fan(s)
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher,Refrigerator,Dryer,Washer
Exterior
Garage Gated,Private
Pool None
Community Features Gated
Parking Type Gated,Private
Total Parking Spaces 6
Private Pool No
Building
Lot Description Front Yard
Story 2
Entry Level Two
Sewer Other
Architectural Style Spanish
Level or Stories Two
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 5550023008
Security Features Security Gate,Gated Community
Special Listing Condition Standard