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    4257 Fountain Ave

    Los Angeles, CA 90029
    • $849,000
    • STATUS: Active Under Contract
    • ON SITE: 24 Days
    • ID#: 21-788694
    Under Contract
    UPDATED: 162 min ago
    $849,000
    • 2
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,152
      SQFT
    • $737
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    This is your chance to invest in a duplex with one vacant unit, making it the perfect opportunity for an owner-user. Why buy a condo when you could buy this duplex and have your tenant pay half of your mortgage! Live here for a few years while you save for your next place, then rent your unit and have a cash flowing asset! As an owner-user you don't have to put as much money down as if you're buying an investment property, so this is your perfect chance to stop paying rent, get in to the real estate market, and start building your portfolio! Don't want to owner-occupy and just want to invest? This property has a history of great tenants, and fetches top rent! Each unit has its own private outdoor space which is perfect for pets, gardening or enjoying time in the sun! All appliances are included, and each unit has its own stackable washer/dryer. Beautifully refinished hardwood floors, fresh paint, and vintage claw-foot tubs make this well cared for property the hidden gem you've been searching for. To top it off, parking is a breeze with plenty of space on Fountain and neighboring side streets! You're in the heart of Silver Lake - close to Sunset Junction, bars, restaurants, yoga, coffee and more. Here's your chance to pick up a nice piece of LA real estate!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-25T23:44:10.407. 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. Properties may or may not be listed by the office/agent presenting the information.
    www.theparsonsrealestateteam.com/homes/121969099
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    4257 Fountain Ave Los Angeles, CA 90029

    • Price: $849,000
    • Status: Active Under Contract
    • Updated: 162 min ago
    • ID#: 21-788694
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    1,152
    SQFT
    $737
    $/SQFT
    1924
    Built
    Neighborhood:
    Los Feliz
    County:
    Los Angeles
    Area:
    Los Feliz
    School District:
    Los Angeles Unified
    Property Description
    This is your chance to invest in a duplex with one vacant unit, making it the perfect opportunity for an owner-user. Why buy a condo when you could buy this duplex and have your tenant pay half of your mortgage! Live here for a few years while you save for your next place, then rent your unit and have a cash flowing asset! As an owner-user you don't have to put as much money down as if you're buying an investment property, so this is your perfect chance to stop paying rent, get in to the real estate market, and start building your portfolio! Don't want to owner-occupy and just want to invest? This property has a history of great tenants, and fetches top rent! Each unit has its own private outdoor space which is perfect for pets, gardening or enjoying time in the sun! All appliances are included, and each unit has its own stackable washer/dryer. Beautifully refinished hardwood floors, fresh paint, and vintage claw-foot tubs make this well cared for property the hidden gem you've been searching for. To top it off, parking is a breeze with plenty of space on Fountain and neighboring side streets! You're in the heart of Silver Lake - close to Sunset Junction, bars, restaurants, yoga, coffee and more. Here's your chance to pick up a nice piece of LA real estate!
    Exterior Features

    Carport Spaces Total 0 Covered Parking 0 Cross Streets Fountain Ave And Sunset Blvd Entry Location Ground Level W/Steps Garage Structures Total 0 Levels One Lot Description Fenced Yard Lot Location None Lot Size Area 1800 Other Structures None Parking Garage On Street Pool Description None Pool YN No Spa None Spa YN No Sprinklers None Style Cottage Tennis Court None Tennis YN No Total Parking 0 View Description None View YN No Water Frontage None

    Interior Features

    Bathroom Features Low Flow Toilet(S)Shower Over Tub Baths Total 2.00 Common Walls Attached Cooking Appliances OvenRange Cooling Window Unit(S)Ceiling Fan Equipment Ceiling FanDryerBuilt-InsWasherRefrigeratorRange/OvenDishwasher Fireplace Rooms None Flooring TileHardwood Foundation Details Raised Heating Wall Laundry In KitchenIn UnitInsideLaundry Closet Stacked Laundry Equipment Own Water Heater Features Tankless

    Property Features

    Alley YN No Assessed Total Value 716315 Entry Floor Number 1 Gross Income 50400 Gross Operating Income 50400 Land Lease Type Fee Like Units1 1 Like Units2 1 Net Operating Income 32717.52 Number Of Buildings 1 Number Of Units 2 Owner Pays Water Rent Control YN Yes Sale Type Standard Security Features Carbon Monoxide Detector(S)Smoke Detector Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 17682.48 Type Of Units Duplex Water Public Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Jessica Miller DRE#01906205 of Coldwell Banker Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-25T23:44:10.407. 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. Properties may or may not be listed by the office/agent presenting the information.
     
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    251 S. Lake Ave #150
    Pasadena CA, 91101