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Backup Offers

4563 Fountain Ave, Los Angeles, CA, 90029

$1,495,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
8 Baths
5,624 SqFt
$266/SqFt
House

Location

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4563 Fountain Ave, Los Angeles$1,495,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingUnassigned
Year Built1923
CoolingNone
MLS #24372459
Lot Size0.16 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 4563 Fountain Ave

We are pleased to present a value-add 8-unit apartment building in the heart of East Hollywood, just blocks from Virgil Village, Silverlake, and close to Los Feliz and Hollywood. The subject property consists of eight one bedroom, one bath units of which two will be delivered vacant. This property comprises of two buildings totaling approximately 5,624 square feet on an approximately 6,970 square foot parcel of land zoned C4-1D. The lot is zoned C4-1D and is in Tier 3 of TOC (transit-oriented community) allowing for the development of +/- 29 units using TOC, and potentially more units using ED1 as a 100% affordable project. Currently there is room for four car parking (two tandem spaces) and addition courtyard space. There is likely enough room on this site to build a detached ADU. Buyer to verify all development potential with their own architect. All development is subject to the Vermont/Western Station Neighborhood Area Plan. Seller and Broker make no representations as to developability of this property. At this time the building is master leased to APLA Health but will be delivered with no master lease in place. All of the leases are with Section 8 tenants and five of the six remaining tenants are paying significantly below market rents. There is immediate upside by increasing the current rents to 4% and filling two vacancies bringing you to an immediate 6.2% cap rate. After a 4% rent increase and filling two vacancies, there still remains an additional 36% upside in rents. The sale of the property is contingent upon approval of an early loan payoff by the state of California. East Hollywood borrows elements from neighbors Silverlake, Los Feliz, Echo Park, Larchmont Village and wraps them up in an attainably priced package. One notable architectural marvel, The Hollyhock House, was designed by Frank Lloyd Wright for oil heiress Alice Barnsdall, who also serves as the namesake for the structure's surrounding Art Park. With the neighborhood seemingly evolving by the day, East Hollywood's near 250-year history is just getting started. An equal mix of hyped hotspots attracting visitors far and wide and local institutions that have helped shape the neighborhood, East Hollywood is the place for those who want a neighborhood atmosphere with the big city at arms' length. Family-owned bars like Tiki-Ti and cornershop coffee house Cafecito Organico lend a more neighborly feel to East Hollywood, but the glitz and glimmer of L.A. is still ever-present in this historic neighborhood. Multi-cultural and family-oriented, East Hollywood is a great place to spend a year or a lifetime.

Property Details

Property Features

Property Information:

  • Year Built: 1923
  • Stories: 2
  • Living Area: 5,624 SqFt

Listing Office:

  • Office Name: Maher Commercial Realty
  • Office Phone: (310) 464-1453
  • Listing Agent: Oron Maher

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Unassigned

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Cooling: None

Other

Directions Information:

  • Directions: North on Virgil Ave., West on Fountain Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,495,000
  • Price Per SqFt: $266/SqFt

Tax Information:

  • Annual Amount: $878
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

4563 Fountain Ave vs Los Angeles

272 DAYS ON ROCKET

+234 Days

$1,495,000

+$473.4K More

$266/SqFt

-$374 Less

KEY TAKEAWAY

This property is $473.4K more than the Median Sold Price and $374/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24372459

Listing Office:

  • Office Name: Maher Commercial Realty
  • Office Phone: (310) 464-1453
  • Listing Agent: Oron Maher

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/23/2024, 8:21:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 10, 1991Home Sold
$1,425,454
Nov 22, 1988Home Sold
$345,000

Tax History

YEARPROP. TAXASSESSMENT
2021$878$765,409
2020$883$757,562
2019$913$742,709
2018$945$728,147
2017$945$713,871

History based on county public records data.

Payment Calculator

$7,529

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,549

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1165607
4
/10
  • Lockwood Avenue Elementary

  • 4345 Lockwood Ave

  • 0.46 miles

  • Public District Grades KG-6

school-card-donut-1165608
7
/10
  • Los Feliz STEMM Magnet School

  • 1740 N New Hampshire Ave

  • 0.56 miles

  • Public Magnet Grades KG-6

school-card-donut-1165609
3
/10
  • Ramona Elementary

  • 1133 N Mariposa Ave

  • 0.72 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,700. The majority of Los Angeles, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4563 Fountain Ave

What is the listing price of this property?

The listing price of 4563 Fountain Ave property is $1,495,000.

What type of property is this?

The property 4563 Fountain Ave is a house located in Los Angeles, California, 90029.

Is this property for sale now?

Accepting Backup Offers: 4563 Fountain Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $878 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 10, 1991 for $1,425,454. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 4563 Fountain Ave has 8 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 4563 Fountain Ave is 5,624 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4563 Fountain Ave is 1923.

Rocket HomesCaliforniaLos Angeles CountyLos Angeles900294563 Fountain Ave

This home is located at 4563 Fountain Ave in Los Angeles, CA and zip code 90029 in the Central LA neighborhood. This 5,624 square foot home, which was built in 1923, sits on a 0.16 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since March 25, 2024 and is currently priced at $1,495,000.

While more than 512 listings in Los Angeles, CA in November 2024 were sold above asking price, there were more than 177 listings sold at asking price, and more than 657 were sold below. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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