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7401 Fountain Ave, Los Angeles, CA 90046

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For Sale

$2,299,500

8 beds6,040 sqft

Estimated Payment

$ 11,785 /mo.

6.63% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $380.71
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 24-391369

Courtesy Of Compass

(310) 230-5478

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Spanish
  • Heating System
    Central Furnace
  • Lot Size
    0.14 Acres

Home seller CENTURY 21 Masters

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $11,785
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $11,785

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Gardner Street Elementary

Grades PK-5 Public School


Los Angeles, CA 90046 0.4 miles
7450 hawthorn ave

303 total students
23:1 Student teacher ratio

Bancroft Middle School

Grades 6-8 Public School


Los Angeles, CA 90038 1 miles
929 n las palmas ave

549 total students
16:1 Student teacher ratio

Fairfax High School

Grades 9-12 Public School


Los Angeles, CA 90046 0.9 miles
7850 melrose ave

1846 total students
22:1 Student teacher ratio

Other Nearby Schools Distance Type Grades School Rating
Just Like Moms Preschool & Kindergarten 0.4 miles Private PK-KG
Briskin Elementary School 0.5 miles Private KG-6
Briskin Elementary School Of Tioh 0.5 miles Private KG-6
Fountain Day School 0.5 miles Private PK-KG
Larchmont Charter 0.6 miles Public KG-12 A-
West Hollywood Opportunity 0.6 miles Public 7-12
Yeshiva Ohr Elchonon Chabad - West Coast 0.7 miles Private 9-11
Hollywood High School 0.7 miles Public 9-12 B
Cheder Of Los Angeles 0.8 miles Private KG-11
Los Angeles Cheder / Bais Tzivia 0.8 miles Private PK-11
Laurel School 0.8 miles Public KG-8 B
Melrose Avenue Elementary School 0.8 miles Public KG-5 A+
Yeshiva Rav Isacosohn Girls' School 1 miles Private PK-8
Yeshiva Rav Isacsohn Toras Emes Academy Boys Jr High School 1 miles Private PK-8
The Oaks School 1 miles Private KG-6
Yeshiva Rav Isacsohn / Torath Em 1 miles Private PK-8
Whitman Continuation 1.1 miles Public 9-12 D

Just Like Moms Preschool & Kindergarten

Distance: 0.4 miles

Type Private

Grades: PK-KG

Briskin Elementary School

Distance: 0.5 miles

Type Private

Grades: KG-6

Briskin Elementary School Of Tioh

Distance: 0.5 miles

Type Private

Grades: KG-6

Fountain Day School

Distance: 0.5 miles

Type Private

Grades: PK-KG

Larchmont Charter

Distance: 0.6 miles

Type Public

Grades: KG-12

A-

West Hollywood Opportunity

Distance: 0.6 miles

Type Public

Grades: 7-12

Yeshiva Ohr Elchonon Chabad - West Coast

Distance: 0.7 miles

Type Private

Grades: 9-11

Hollywood High School

Distance: 0.7 miles

Type Public

Grades: 9-12

B

Cheder Of Los Angeles

Distance: 0.8 miles

Type Private

Grades: KG-11

Los Angeles Cheder / Bais Tzivia

Distance: 0.8 miles

Type Private

Grades: PK-11

Laurel School

Distance: 0.8 miles

Type Public

Grades: KG-8

B

Melrose Avenue Elementary School

Distance: 0.8 miles

Type Public

Grades: KG-5

A+

Yeshiva Rav Isacosohn Girls' School

Distance: 1 miles

Type Private

Grades: PK-8

Yeshiva Rav Isacsohn Toras Emes Academy Boys Jr High School

Distance: 1 miles

Type Private

Grades: PK-8

The Oaks School

Distance: 1 miles

Type Private

Grades: KG-6

Yeshiva Rav Isacsohn / Torath Em

Distance: 1 miles

Type Private

Grades: PK-8

Whitman Continuation

Distance: 1.1 miles

Type Public

Grades: 9-12

D

Local area information for Los Angeles, CA 90046

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Los Angeles, CA 90046

This community’s employment is highest in the food and arts industries. The area’s overall household expenses are above the national average.

85° August
Hottest Average Month

46° January
Coldest Average Month
28,235 Total Households in Area
7.7%
of households
have children
25 minutes
Median Commute Time

Household Expenses vs National Average

Demographic facts
for Los Angeles, CA 90046

Los Angeles, CA 90046 has a population of 49,541 people in 28,235 households with a median age of 40.5 years old.

Down -3.1%
Decrease in population
since the year 2010

Population is Trending down
29,879
Total households as of 2010
Up
0.4%

Community Population By Age

Community Population By Ethnicity

White 72%
Hispanic 12%
Asian 7%
Other 5%
Black 5%
Native American <1%

Economics
for Los Angeles, CA 90046

8,319 /sq mi
Population Density
$88,063 /yr
Median Household Income
$1,397,500
Median Sales Price
25 min
Median Commute Time

Household Expenses vs National Average

Household by Income

Transportation to Work

  • Drive 67%
  • Work from Home 22%
  • Walk or Bike 6%
  • Public Transit 5%

Occupancy by Type

Rented 21,602 70%
Owned 6,632 22%
Vacant 2,591 8%

White vs Blue Collar Jobs







White Collar 93%
Blue Collar 7%

Family & Education Facts
for Los Angeles, CA 90046

40.5 Median Age

Average Household Size

1.7
persons per
household

24.2%

Married Households

Community Population By Education

Bachelors Degree 44%
Graduate Degree 20%
Some College 15%
High School Graduate 10%
Associates Degree 7%
Some High School 3%

Household Family Expenses vs National Average

7.7% of households have children

Weather
for Los Angeles, CA 90046

The weather for this area ranges from a high of 85° F in August to a low of 46° F in January

85° August
Hottest Average Month
46° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
46°
66°
Feb
47°
67°
Mar
48°
68°
Apr
50°
71°
May
54°
73°
Jun
57°
77°
Jul
60°
84°
Aug
62°
85°
Sep
60°
83°
Oct
56°
79°
Nov
51°
73°
Dec
47°
67°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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