$2,275,000
$175K PRICE DROP

Estimated payment $14,396/month

Total Views 2,898,829
8 Beds
5 Baths
6,040 Sq Ft
$377 Price per Sq Ft

Highlights

  • Automatic Gate
  • Balcony
  • Ceiling Fan
  • Spanish Architecture
  • Central Heating and Cooling System
  • 3-minute walk to Plummer Park

About This Home

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.

Listing Agent

Sebastian Wolski

Compass License #01947480 Listed on: 05/13/2024

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,228 Sq Ft Lot
  • Gated Home
  • Front Yard

Home Design

  • Spanish Architecture
  • Fixer Upper
  • Flat Roof Shape

Interior Spaces

  • 6,040 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Private Parking
  • Automatic Gate

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 5550-023-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Alley: No
  • Living Area: 6040
  • Lot Acreage: 0.1430
  • Probate: No
  • Property Condition: Fixer
  • Stories: 2
  • Year Built: 1920
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Range: 5
  • Number Refrigerator: 5
  • Bedrooms: 8
  • Laundry: In Unit
  • Total Bathrooms: 5.00
  • Equipment: Range/Oven, Refrigerator, Ceiling Fan, Dishwasher, Washer, Dryer
  • Price Per S Q F T: 376.66

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Flat
  • Spa Yn: No

Garage/Parking

  • Other Spaces: 6
  • Parking Garage: Gated, Private
  • Total Parking: 6

Utilities

  • Water Heater: Gas
  • Cooling: Central
  • Electric Expense: 750.00
  • Heating: Central
  • Number Electric Meters: 5
  • Security: Automatic Gate, Gated
  • Sewer: In Street
  • Water: Public
  • Water Expense: 2400.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 750.00
  • Insurance Expense: 5004.00
  • Maintenance Expense: 3416.00
  • Trash Expense: 1152.00

Lot Info

  • Assessed Improvement Percent: 42.97
  • Assessed Improvement Value: 675448
  • Assessed Land Percent: 57.03
  • Assessed Land Value: 896505
  • Total Assessed Value: 1571953
  • Assessor Parcel Number: 5550-023-008
  • Lot Description: Front Yard, Automatic Gate
  • Lot Size Area: 6228

Rental Info

  • Number Leased: 5
  • Total Actual Rent: 10041.24
  • Owner Pays: Water, Gardener
  • Tenant Pays: Electricity, Cable TV, Gas, Air Cond/Heat Maint

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 18.88
  • Number Of Units: 5
  • Total Annual Expense: 49573.59
  • Type Of Units: 4 Apts 1 SFH
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 26163.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 Price Changed $2,275,000 -1.1% $377 / Sq Ft
01/30/2025 01/30/25 Price Changed $2,299,500 -1.1% $381 / Sq Ft
12/12/2024 12/12/24 Price Changed $2,325,000 -1.1% $385 / Sq Ft
10/05/2024 10/05/24 Price Changed $2,350,000 -1.2% $389 / Sq Ft
08/01/2024 08/01/24 Price Changed $2,379,000 -0.8% $394 / Sq Ft
06/13/2024 06/13/24 Price Changed $2,399,000 -2.1% $397 / Sq Ft
05/13/2024 05/13/24 For Sale $2,449,999 -- $406 / Sq Ft
Source: The MLS

About the Listing Agent

Sebastian Wolski

Compass

(866) 759-7419

Section Image

Sebastian Wolski has long cultivated an intense passion for real estate, which he now applies as a specialist in the high-end, development, and investment property markets. At the age of 21, Sebastian purchased his very first rental property and became Michigan’s youngest franchisee of a tanning salon franchise. Since then, he has applied his strong work ethic to pursue ever loftier goals, from his nationally recognized performance in sales to his love for extreme sports. Sebastian continuously

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Source: The MLS

MLS Number: 24-391369

The MLS

APN: 5550-023-007