4110 Fountain Avenue, Los Angeles, California 90029, Los Angeles, 90029 - bed, bath

4110 Fountain Avenue, Los Angeles, California 90029 home-pic-0
ACTIVE$1,750,000
4110 Fountain Avenue, Los Angeles, California 90029
0Bed
0Bath
3,516Sqft
2,422Lot
Year Built
1928
Close
-
List price
$1.75M
Original List price
$1.75M
Price/Sqft
$498
HOA
-
Days on market
-
Sold On
-
MLS number
WS25060015
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.75M(50th), sqft - 3516(67th), beds - undefined(50th), baths - undefined(50th).

Welcome to 4110 Fountain Ave! This French Normandy building is being sold with 3 FULLY-REMODELED and VACANT units! Located in one of the most PREMIUM RENTAL MARKETS in LA, this charming 1920s 4-PLEX sits a stones-throw away from coffee shops like INTELLEGENCIA, LA COLOMBE and CAFE STELLA as well as major grocery stores like EREWHON, WHOLE FOODS and TRADER JOES. Everything is within walking distance. This is a SECOND-TO-NONE building nested at the exact INTERSECTION OF SILVERLAKE, LOS FELIZ AND EAST HOLLYWOOD, just two blocks away from SUNSET JUNCTION. Rental Demand is EXTREMELY HIGH, with major employers like NETFLIX, KAISER and several MAJOR STUDIOS just minutes away. This building is IN COMPLIANCE with all earthquake structural requirements as part of the City of Los Angeles ordinances. The roof is less than a decade old and has been inspected. ALL UNITS have SEPARATE METERS for gas and electrical. Water Heater is one year old. Three out of four units have been TASTEFULLY UPGRADED with NEW KITCHENS, FLOORING and ELECTRICAL PANELS. All plumbing is a combination of COOPER and PVC. The building has been diligently maintained and has LAUNDRY ON-SITE. Minimal upkeep and maintenance make this an unparalleled CASH COW for the NEW-OWNERSHIP. There are not too many buildings in this area with this much pride of ownership and immediate cashflow potential. Come see this wonderful opportunity before it's gone!

Price History

Date
Event
Price
06/01/23
Sold
$1,112,500
Condition Rating
Excellent

Despite the 1928 build year, three out of four units have been 'fully-remodeled' with 'new kitchens, flooring, and electrical panels' as stated in the description. The images confirm modern, virtually new kitchens featuring stainless steel appliances, white shaker cabinets, and subway tile backsplashes, along with updated bathrooms showcasing contemporary vanities and tiled showers. Key systems like the roof (less than a decade old), water heater (one year old), and plumbing (copper and PVC) have also been recently updated, aligning with the 'excellent' criteria for extensive renovation within 5 years and minimal physical depreciation in the renovated units.
Pros & Cons

Pros

Premium Location & Walkability: Strategically located at the intersection of Silverlake, Los Feliz, and East Hollywood, offering exceptional walkability to popular coffee shops, major grocery stores, and vibrant community hubs like Sunset Junction.
Immediate Income & Vacancy: Three out of four units are fully remodeled and vacant, providing immediate rental income potential and flexibility for new ownership without the complexities of existing tenants.
Extensive Recent Upgrades: Significant capital improvements include new kitchens, flooring, and electrical panels in three units, a roof less than a decade old, updated plumbing (copper and PVC), and a one-year-old water heater.
Strong Rental Market Demand: Positioned in a premium rental market with extremely high demand, bolstered by proximity to major employers such as Netflix, Kaiser, and several major studios, ensuring consistent tenant interest.
Operational Efficiency & Compliance: Features separate meters for gas and electrical for all units, on-site laundry, and confirmed compliance with Los Angeles earthquake structural requirements, simplifying management and reducing landlord utility costs.

Cons

Partial Remodel/Vacancy: Only three of the four units are explicitly stated as fully remodeled and vacant, implying the fourth unit may require renovation or tenant management upon acquisition, potentially delaying full income optimization.
Limited Lot Size: The 2,422 sqft lot is relatively small for a quadruplex, which could limit outdoor space, parking options, or future expansion opportunities, potentially impacting tenant appeal or property value growth.
Age-Related Maintenance Considerations: Despite recent significant upgrades and earthquake compliance, the 1928 construction date suggests potential for unforeseen maintenance or infrastructure issues typical of older buildings that may not have been addressed in the recent renovations.

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