7661 Fountain Avenue

Los Angeles, CA 90046

$1,680,000
Last Sold Price
3
Beds
2
Baths
4,804 Sq. Ft.
$350 / Sq. Ft.
4,804
Sq. Ft.
$350
per Sq. Ft.

Description

This charming mid-century six-unit complex is well located on Fountain Avenue and Spaulding in the City of Los Angeles. This property is well situated between Sunset and Santa Monica Boulevards. The east-west boundaries are Fairfax and La Brea; which offers convenient access to West Hollywood, the Sunset Strip and Hollywood. This building is easy to manage and maintain and this is its first time on the market in 50 years. +46% Upside in Rents! No parking retrofit required. Front Two Bedroom, One...This charming mid-century six-unit complex is well located on Fountain Avenue and Spaulding in the City of Los Angeles. This property is well situated between Sunset and Santa Monica Boulevards. The east-west boundaries are Fairfax and La Brea; which offers convenient access to West Hollywood, the Sunset Strip and Hollywood. This building is easy to manage and maintain and this is its first time on the market in 50 years. +46% Upside in Rents! No parking retrofit required. Front Two Bedroom, One Bath is currently vacant and unremodeled.
  1. Listed by David Kaufman • DRE #01217537 • David Ballin Kaufman

Property Details for 7661 Fountain Avenue

Zoning
LAR3
Parcel Number
5550031015
Total Units
6.0
Living Area
4804
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
2%
Lot Size Area
6174

Location

Listing Courtesy of David Ballin Kaufman, David Kaufman, DRE #01217537

Sold By David Ballin Kaufman, David Kaufman, DRE #01217537

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LISTING UPDATED: 12/28/2020 11:08 AM

Property Details for 7661 Fountain Avenue

StatusSold
MLS #19-514738
Days on Market289
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.14 AC / 6,174 SF
CountyLos Angeles County

Location

Listing Courtesy of David Ballin Kaufman, David Kaufman, DRE #01217537

Sold By David Ballin Kaufman, David Kaufman, DRE #01217537

Add your commute

Building Information for 7661 Fountain Avenue

Stories2Residences-Year Built1955Building Size-Lot Size0.14 AC / 6,174 SF

Payment Calculator

$11,340 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,168

Property Taxes

$2,172

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7661 Fountain Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 4:1+1, 2:2+1
  • Water Heaters: Yes
  • Water Heater Features: Other
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $114,883
  • Net Operating Income: $74,100.00
  • Gross Income: $117,228
  • Cap Rate: 3.91%
  • Gross Rent Multiplier: $16.17
  • Total Annual Expense: 40784
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Lot Size Square Feet: 6174
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 5
  • Carport Spaces Total: 5
  • Parking Features: Carport
Interior Features
Interior Features
  • Cooling Type: Wall Unit(s)
  • Heating: Other
  • Heating Type: Other
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • Private Pool: No
  • Construction MVO: Frame and Stucco
  • Other Structures: Stall(s)
Lease Terms
Lease Terms
  • Entry Date: 09-25-2019
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,440.00
  • Unit Actual Rent: $4,880.00
  • Unit Projected Rent: $5,600.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,297.00
  • Unit Actual Rent: $5,189.00
  • Unit Projected Rent: $8,000.00
  • Like Units: 4
Unit 3 Information
  • Unit Furnished: No
Unit 4 Information
  • Unit Furnished: No
Unit 5 Information
  • Unit Furnished: No
Unit 6 Information
  • Unit Furnished: No
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $93,137.00
  • Assessed Land Value: $62,713.00

Property History for 7661 Fountain Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7661 Fountain Avenue

Taxable ValueLand$1,785,000Additions$306,240Total$2,091,240
Tax Record2023$26,069 ($2,172 / month)
Home Facts
Total Finished SqFt4,804 SqFtAbove Grade Finished SqFt4,804 SqFtLot Size6,173 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningLAR3CountyLOS ANGELESAPN5550-031-015

Schools near 7661 Fountain Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Gardner Street Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

West Hollywood Opportunity School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of David Ballin Kaufman, David Kaufman, DRE #01217537

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.