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7417 Fountain Avenue, Los Angeles, California 90046, Los Angeles, 90046 - 7 bed, 5 bath

7417 Fountain Avenue, Los Angeles, California 90046 home-pic-0
ACTIVE$1,975,000$3,426/sqft
7417 Fountain Avenue, Los Angeles, California 90046
7Beds
5Baths
3,426Sqft
6,219Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Multi-Unit Investment Opportunity: The property features a main house and three additional units, each with its own address, offering significant rental income potential and flexible living arrangements for investors or owner-occupiers.
Top Cons:
Property Age & Potential for Deferred Maintenance: Built in 1937, the property is over 85 years old, which may indicate aging infrastructure, higher ongoing maintenance costs, and potential need for significant system upgrades (e.g., plumbing, electrical) not explicitly detailed.

Compared to the nearby listings

Price:$1.98M vs avg $2.28M ($-305,000)38%
Size:3,426 sqft vs avg 2,333 sqft79%
Price/sqft:$576 vs avg $9626%

More Insights

Built in 1937 (89 years old).
Condition: Built in 1937, this multi-unit property presents a mixed bag of conditions. The main residence appears to have undergone a recent, high-quality renovation within the last 5-10 years, featuring modern white shaker cabinets, quartz countertops, stainless steel appliances, subway tile backsplashes, updated bathrooms with contemporary vanities and tiling, and hardwood flooring. This unit would individually score 'Good' to 'Excellent'. However, the three additional units are significantly dated, showcasing kitchens with older white appliances, painted cabinets, laminate countertops, and bathrooms with older fixtures and tiling, likely renovated 15-30 years ago. These units also feature older carpeting or basic tile. While the property is described as 'beautifully maintained' for the main house, the overall condition of the additional units and the age of the underlying structure (87 years old) indicate that substantial updates are needed in most of the units to meet current market expectations and styles. The property is functional but shows signs of being outdated in the majority of its living spaces.
Year Built
1937
Close
-
List price
$1.98M
Original List price
$1.98M
Price/Sqft
$576
HOA
-
Days on market
-
Sold On
-
MLS number
25515375
Home ConditionFair
Features
Patio
View-

About this home

Presenting a rare and exceptional opportunity to acquire a truly remarkable property in one of Los Angeles' most coveted neighborhoods. This stunning offering includes a beautifully maintained main house and three additional units, each with its own individual address perfectly suited for a variety of lifestyles and investment goals.The main residence is a charming, fully vacant 2-bedroom, 1.5-bath home, offering a spacious and light-filled layout, complemented by a generously sized living room and kitchen. The impeccable design and distinctive style of the main house provide a welcoming and serene living experience. The additional three units offer unparalleled flexibility three of the four units can be delivered vacant, or delivered with tenants allowing the new owner to either occupy them or enjoy the benefits of substantial rental income with existing tenants. . Each unit features its own private kitchen and living space, ensuring complete comfort and privacy for residents. There is also ample parking available for all units, adding convenience and ease for both owners and tenants alike.Ideally located just minutes from some of the finest dining, shopping, and entertainment that Los Angeles has to offer, this property represents an unmatched opportunity for homeowners and investors alike. Whether you're seeking a new place to call home or looking to add a valuable asset to your portfolio, this unique offering is an absolute must-see. Priced to sell, this is an opportunity you won't want to miss. The combination of prime location, charming design, and flexible rental options make this property a standout in today's market. Seize this opportunity to secure a truly exceptional piece of real estate.

B
Bijan Saadati
Listing Agent

Price History

Date
Event
Price
10/12/22
Sold
$1,825,000
Condition Rating
Fair
Built in 1937, this multi-unit property presents a mixed bag of conditions. The main residence appears to have undergone a recent, high-quality renovation within the last 5-10 years, featuring modern white shaker cabinets, quartz countertops, stainless steel appliances, subway tile backsplashes, updated bathrooms with contemporary vanities and tiling, and hardwood flooring. This unit would individually score 'Good' to 'Excellent'. However, the three additional units are significantly dated, showcasing kitchens with older white appliances, painted cabinets, laminate countertops, and bathrooms with older fixtures and tiling, likely renovated 15-30 years ago. These units also feature older carpeting or basic tile. While the property is described as 'beautifully maintained' for the main house, the overall condition of the additional units and the age of the underlying structure (87 years old) indicate that substantial updates are needed in most of the units to meet current market expectations and styles. The property is functional but shows signs of being outdated in the majority of its living spaces.
Pros & Cons

Pros

Multi-Unit Investment Opportunity: The property features a main house and three additional units, each with its own address, offering significant rental income potential and flexible living arrangements for investors or owner-occupiers.
Prime Los Angeles Location: Situated in a highly coveted Los Angeles neighborhood, the property boasts convenient access to fine dining, shopping, and entertainment, enhancing its desirability and long-term value.
High Vacancy Flexibility: The option to deliver three of the four units vacant provides immediate control for the new owner to occupy, renovate, or select new tenants at current market rates.
Ample On-Site Parking: The availability of ample parking for all units is a significant advantage in a dense urban area like Los Angeles, adding convenience and value for residents.
Well-Maintained Main Residence: The main house is described as 'beautifully maintained' with 'impeccable design,' suggesting a charming and appealing primary living space that is move-in ready.

Cons

Property Age & Potential for Deferred Maintenance: Built in 1937, the property is over 85 years old, which may indicate aging infrastructure, higher ongoing maintenance costs, and potential need for significant system upgrades (e.g., plumbing, electrical) not explicitly detailed.
Limited Details on Additional Unit Condition: While the main house is noted as well-maintained, the description lacks specific information regarding the condition or recent renovations of the three additional units, suggesting they might require investment.
Absence of Noteworthy Outdoor Amenities: The property description does not highlight any significant private outdoor spaces, shared recreational areas, or desirable views, which could be a missed amenity for residents in a multi-unit property.
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