7504 Fountain Avenue new Save Request In-Person Tour Request Virtual Tour
West Hollywood,CA 90046
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,945 sqft
Price per Sqft $709
MLS Listing ID CL25583427
Bedrooms 6
Year Built 1917
Lot Size 7,021 Sqft
Property Sub-Type OTHER
Property Description
First-time on the market in 27 Years! A rare repositioning and development opportunity situated in the heart of West Hollywood. This existing triplex is comprised of a 3-bedroom, 2-bathroom unit, a 2-bedroom, 1-bathroom unit, a 1-bedroom, 1-bathroom unit and 1,000 s.f. storage, set on a 7,002 square foot lot. Delivered vacant at close of escrow, the property provides flexibility for an owner-user or investor offering the ability to renovate and lease the existing three units or pursue new development opportunities such adding 3 ADUs, a 35-unit affordable housing, or a 10-bed assisted living facility (Buyer to verify). Situated within the City of West Hollywood's Fountain Avenue Streetscape Project, the property stands to benefit from significant area enhancements designed to improve walkability, landscaping, and neighborhood character. A true value-add opportunity to acquire a vacant triplex or exceptional development site within one of Los Angeles' most dynamic communities.
Location
State CA
County Los Angeles
Zoning WDR2
Interior
Heating Central
Building
New Construction No