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7417 Fountain Ave, Los Angeles, CA 90046
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7417 Fountain Ave Los Angeles, CA 90046

$1,825,000 Sold Price as of 10/12/2022
  • 11 Beds
  • 11 Baths
  • 3,426 Sq.Ft.
Sold
$1,825,000 Sold Price as of 10/12/2022 Refinance Your Mortgage
Map preview of 7417 Fountain Ave, Los Angeles, CA 90046

Property Overview: 7417 Fountain Ave Los Angeles, CA has 11 bedrooms, 11 bathrooms, 3,426 living square feet and 6,850 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: (AMAZING DEAL!!) Great income generating 4 unit property (R3 Zoned) on two separate parcels. This property includes both parcels and each unit has its own individual address. 3 of the 4 units will be delivered fully vacant to the new owner. Light, bright, spacious with a special charm to it. The main unit contains a two bedroom with distinctive style as well as a great size living room and kitchen. Each unit has its own kitchen and living space. Ample amount of gated parking for all units included. Located in one of the most desirable areas in Los Angeles and minutes away from some of the best restaurants, bars and boutiques. Don't miss this rare and amazing opportunity to own this beautiful 4 unit property. This is perfect for a investor, owner user or anyone looking to generate rental income. (PRICED TO SELL)

Listed by Bijan Saadati | BRE #01955838 | Keller Williams Hollywood Hills
Last checked: 10 minutes ago | Last updated: October 18th, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
6,850
HOA Dues
$0/mo
Year built
1937
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22188313
City
Los Angeles
County
Los Angeles
Time on Site
643 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $835
  • Total Rent: $835
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.6%
  • Gross Rent Multiplier: 14.27
  • Gross Scheduled Income: --
  • Net Operating Income: $103,680
  • Gross Operating Income: $129,600
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 7417 Fountain Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Covered, Gated
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5550023005
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Fountain/Gardner
View more facts & features

Local Los Angeles Agent

Sale History for 7417 Fountain Ave

Last sold for $1,825,000 on October 12th, 2022

  • October, 2022

  • Oct 12, 2022

    Date

    Sold

    CRMLS: 22188313

    $1,825,000

    Price

  • Aug 14, 2022

    Date

    Active

    CRMLS: 22188313

    $1,850,000

    Price

  • May, 2000

  • May 24, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2000

  • May 24, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 7417 Fountain Ave

Assessed Value (2020): $735,215
Year Land Value Improved Value Assessed Value
2020 $430,036 $305,179 $735,215

Home Value Compared to the Market

This property vs the competition

7417 Fountain Ave sold on October 12, 2022 for 55.46% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $539.99 per/sqft which puts the price per square foot 28.48% lower than the current median sale per square foot for the city of Los Angeles.

About 7417 Fountain Ave

Detailed summary of property

7417 Fountain Ave is a multi family that recently sold in Los Angeles, CA 90046. This multi family property offered 11 bedrooms, 11 bathrooms, roughly 3,426 living square feet, and sits on an approximately 6,850 square foot lot. 7417 Fountain Ave was first listed on ArdentRealEstateGroup.com on August 15, 2022. The homeowner sold the property for $1,825,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 55.46% higher than the current median priced home. Local homes that are currently for sale include 6920 Camrose Dr, 6416 La Mirada Ave and 6410 La Mirada. While the average home in Los Angeles, CA is selling in 92 days, 7417 Fountain Ave has a days on market of 8 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 7417 Fountain Ave Los Angeles, CA 90046 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 7417 Fountain Ave

Public county record property details
Beds
7
Baths
5
Year built
1937
Sq. Ft.
3,426
Lot Size
6,217
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5550-023-005

The source for these homes facts are from public records.

90046 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,965,000
Median List Price/Sq.Ft.
$938
Median Sold Price
$2,000,000
Median Sold Price/Sq.Ft.
$856
Total Inventory
231
Median Sale to List Price %
117.72%
Avg Days on Market
34
Loan Type
Conventional (2.7%), FHA (0%), VA (0%), Cash (13.51%), Other (2.7%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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