Address
7011 Fountain Avenue Los Angeles, CA
Price
$ 1,895,000
Property Attributes
  • MLS#21675048
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHollywood
  • Zip90028
  • StyleBungalow
  • Price$ 1,895,000
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
Keith Moret with Keller Williams Beach Cities.
Data Source:
CRMLS
Property Description

We just got a Huge Price Reduction on this Gorgeous 6 unit bungalow. It comes to life when you step inside with a lovely courtyard entry featuring all 1BR/1BA units. 1 unit can possible be delivered vacant. Location is the key here. It is around the corner from the LA Academy of Dramatic Arts and walking distance to Hollywood & Highland, Roosevelt Hotel and West Hollywood Gateway Mall. There are solid in-place rents and stable expenses for good cash flow. The building has been significantly improved with new foundation, new concrete courtyard/patio, partial new roof and re-lined sewer. 5 of the 6 units have been re-habbed and feature updated kitchens and baths with new cabinets & countertops, tile floors, new fixtures and some with washer/dryers. Three of the units have reserved parking across the street and all have front and rear entries.

Price History
1/4/2021 Listed $2,049,000
2/8/2021 3% - $1,995,000
3/4/2021 6% - $1,895,000

General Features

Appliances Gas Cooktop, Disposal, Gas Oven, Microwave
Architectural Style Bungalow
Construction Materials Stucco
Facing Direction South
Flooring Laminate, Tile
MLS Area C20 - Hollywood
Parking Features Off Site
Property Type Residential Income
Roof Composition, Shingle
Total Actual Rent 126429
Total Units 6
Virtual Tour https://www.dropbox.com/s/37e9pqxxwjuyvym/%28Unbranded%29%207011%20Fountain%20Ave.%20Los%20Angeles%2C%20CA.mp4?dl=0
Zoning LAR3

Interior Features

Fireplace Features Bath, Kitchen
Fireplace Y/N Yes
Laundry Features Outside

Exterior Features

Foundation Details Quake Bracing, Raised
Lot Size Acres 0.13
Lot Size Area 5731
Lot Size Source Assessor
Lot Size Square Feet 5731
Lot Size Units Square Feet
Number of Buildings 3
Number of Separate Electric Meters 6
Number of Separate Gas Meters 6

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90028

Price
AVG $3.4M
$1.9M
Visits
AVG 45
24
Year Built
AVG 1939
1923
Walkscore
AVG 92
96
Data Provided by Walkscore ® not using MLS data

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