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 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.
This property is $1.4M more than the Median Sold Price and $230/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: #24391369
Listing Office:
Office Name: Compass
Office Phone: (310) 230-5478
Listing Agent: Sebastian Wolski
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: 6/2/2024, 5:20:35 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
DATE
EVENT
PRICE
Jul 07, 2005
Jul 07, 2005Home Sold
$1,150,000
Jul 07, 2005
Jul 07, 2005Home Sold
$1,150,000
Feb 27, 1998
Feb 27, 1998Home Sold
$315,000
Feb 27, 1998
Feb 27, 1998Home Sold
$315,000
Nov 29, 1988
Nov 29, 1988Home Sold
$630,000
Nov 29, 1988
Nov 29, 1988Home Sold
$197,500
Nov 29, 1988
Nov 29, 1988Home Sold
$315,000
Nov 29, 1988
Nov 29, 1988Home Sold
$315,000
History based on county public records data.
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NMLS#3030
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.
Elementary School
4
/10
Gardner Street Elementary School
7450 Hawthorn Ave
Distance between this listing and this school0.37 miles
Public District Grades KG-6
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school0.75 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school18.02 miles
Public Magnet Grades 1-5
Middle School
4
/10
Hubert Howe Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school0.84 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.56 miles
Public District Grades 6-8
High School
7
/10
Fairfax Senior High School
7850 Melrose Ave
Distance between this listing and this school0.91 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school8.85 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school10.95 miles
Public Magnet Grades 9-12
Assigned Schools
4
/10
Gardner Street Elementary School
7450 Hawthorn Ave
Distance between this listing and this school0.37 miles
Public District Grades KG-6
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school0.75 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school18.02 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Hubert Howe Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school0.84 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.56 miles
Public District Grades 6-8
Nearby Schools
6
/10
Laurel Elementary School
925 N Hayworth Ave
Distance between this listing and this school0.85 miles
Public District Grades KG-8
Assigned Schools
7
/10
Fairfax Senior High School
7850 Melrose Ave
Distance between this listing and this school0.91 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school8.85 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school10.95 miles
The neighbors living near this home have an average income of $32,083. Most Los Angeles, CA residents have annual incomes less than $35k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7401 Fountain Ave
What is the listing price of this property?
The listing price of 7401 Fountain Ave property is $2,449,999.
What type of property is this?
The property 7401 Fountain Ave is a house located in Los Angeles, California, 90046.
Is this property for sale now?
Active Listing: 7401 Fountain Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 7401 Fountain Ave are: Gardner Street Elementary School: GreatSchools Rating 4/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Academy For Enriched Sciences: GreatSchools Rating 9/10Hubert Howe Bancroft Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Fairfax Senior High School: GreatSchools Rating 7/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10
When was this property sold last time and for how much?
The last sale was on July 7, 2005 for $1,150,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 7401 Fountain Ave has 8 bedrooms and 5 bathrooms.
What is the square footage of this property?
The property 7401 Fountain Ave is 6,040 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 7401 Fountain Ave is 1920.
This home is located at 7401 Fountain Ave in Los Angeles, CA and zip code 90046 in the Central LA neighborhood. This 6,040 square foot home, which was built in 1920, sits on a 0.14 acre lot. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $2,449,999.
In May 2024, from all listings sold in Los Angeles, CA there were more than 766 sold above asking price, over 625 sold below and more than 198 were sold right at the asked price. The number of homes for sale in Los Angeles, CA increased by 15.4% between April 2024 and May 2024. In May 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $995,939.
From Rocket Homes Real Estate and based on county public records data.