2 months on rocket

7417 Fountain Ave, Los Angeles, CA, 90046

$2,199,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
5 Baths
3,426 SqFt
$642/SqFt
House

Location

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7417 Fountain Ave, Los Angeles$2,199,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingCovered, Gated
Year Built1937
CoolingWall/Window Unit(s)
MLS #24430413
Lot Size0.14 Acres
StatusActive

About 7417 Fountain Ave

Presenting a distinguished 4-unit property spread across two separate parcels, each with its own unique address exceedingly rare feature that simplifies leasing and management. This property encompasses both parcels, offering unparalleled convenience for rental purposes.Three of the four units will be delivered fully vacant, with the potential for the fourth unit to follow suit, providing immediate and substantial rental income. Currently, the property generates an impressive gross income exceeding ($156,000,) with further potential for growth. The units exude a bright and inviting atmosphere, enhanced by their spacious layout and distinctive charm.The main unit features two well-appointed bedrooms, a stylish living room, and a generously sized kitchen. Each unit boasts its own kitchen and living area, ensuring comfort and privacy. The property also includes ample gated parking for all residents.Located in one of Los Angeles' most sought-after neighborhoods, this property is just minutes from premier restaurants, bars, and boutiques. This rare and exceptional offering is ideal for investors, owner-users, or anyone seeking to capitalize on rental income opportunities.Priced to Sell don't miss out on this remarkable chance to acquire a prime real estate asset.

Property Details

Property Features

Property Information:

  • Year Built: 1937
  • Stories: 0
  • Living Area: 3,426 SqFt

Listing Office:

  • Office Name: Keller Williams Hollywood Hills
  • Office Phone: (310) 623-1300
  • Listing Agent: Bijan Saadati

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Microwave, Dryer
  • Interior: Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Covered, Gated

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: On Fountain Ave between Fairfax & La Brea

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,199,000
  • Price Per SqFt: $642/SqFt

Tax Information:

  • Annual Amount: $9,186
  • Tax Year: 2021
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Housing Market Comparison

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

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

7417 Fountain Ave vs Los Angeles

84 DAYS ON ROCKET

+46 Days

$2,199,000

+$1.1M More

$642/SqFt

+$1 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $1/SqFt more 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: #24430413

Listing Office:

  • Office Name: Keller Williams Hollywood Hills
  • Office Phone: (310) 623-1300
  • Listing Agent: Bijan Saadati

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: 11/15/2024, 11:21:13 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$9,186$742,831
2020$8,998$735,215
2019$8,863$720,800
2018$8,678$706,668
2017$8,678$692,813

History based on county public records data.

Payment Calculator

$11K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,659

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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-442928
4
/10

  • Gardner Street Elementary

  • 7450 Hawthorn Ave

  • 0.35 miles

  • Public District Grades PK-5

school-card-donut-442929
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 0.82 miles

  • Public District Grades KG-5

school-card-donut-442930
5
/10

  • Vine Street Elementary

  • 955 Vine St

  • 1.53 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,573. The majority of Los Angeles, CA residents have income between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7417 Fountain Ave

What is the listing price of this property?

The listing price of 7417 Fountain Ave property is $2,199,000.

What type of property is this?

The property 7417 Fountain Ave is a house located in Los Angeles, California, 90046.

Is this property for sale now?

Active Listing: 7417 Fountain Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $9,186 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 7417 Fountain Ave has 5 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 7417 Fountain Ave is 3,426 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7417 Fountain Ave is 1937.

Rocket Homes›California›Los Angeles County›Los Angeles›90046›7417 Fountain Ave

This home is located at 7417 Fountain Ave in Los Angeles, CA and zip code 90046 in the Central LA neighborhood. This 3,426 square foot home, which was built in 1937, sits on a 0.14 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since August 22, 2024 and is currently priced at $2,199,000.

Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.

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

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