7401 Fountain Avenue, Los Angeles, CA 90046

• 6,040 sqft

Property Description

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 (with one unit as Section 8) 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

Listing Status:

Active

Date Added:

May 13, 2024 at 05:00AM

Listing Office:

Compass : 310-230-5478

Listing Agent:

Sebastian Wolski : 818-554-2199

MLS ID:

CL24391369

Interior

• Appliances: Dryer
• Laundry: DryerWasher
• A/C: Central Air
• Heating: Other

Exterior

• Parking: OtherPrivate

Location

• County: Los Angeles

Lot

• Zoning: LAR35550023008

Utilities

• Utilities: Other Water/Sewer
• Water: Other

This listing courtesy of Sebastian Wolski, Compass