7 months on rocket

6575 Fountain Ave, Los Angeles, CA, 90028

$1,895,000

Home List Price

$10,000*

Closing Credit

12 Bedrooms
12 Full Baths
16,080 SqFt
$118/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

6575 Fountain Ave, Los Angeles$1,895,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingNone
Year Built1920
HeatingNone
CoolingNone
FireplaceNone
ViewCity Lights
MLS #23310631
Lot Size0.16 Acres
StatusActive

About 6575 Fountain Ave

**FULLY APPROVED PLANS w/ RTI PERMITS** We're pleased to present this one-of-a-kind, fully entitled Ready-To-Issue (RTI) development opportunity in the desirable and growing Hollywood neighborhood. Boasting a high Walk Score, the proposed project is situated a short distance from Sunset Blvd and is surrounded by a plethora of amenities. Utilizing TOC incentives, the development consists of 12 units with a contemporary design, featuring a 4-story mid-rise wood-frame structure, 14 onsite subterranean parking spaces & a unit mix of luxury one & two bedroom units. Entitlements are complete, allowing a buyer to begin construction immediately. Located in an exclusive HUD approved 'Opportunity Zone', this LAR3 - 1XL property sits on a spacious 7,000SF pad with approved plans to build up to approximately 22,870SF (16,080SF Residential Living Space plus 6,790SF Subterranean Garage). Priced to provide compelling exit metrics for a developer/buyer. See Offering Memo for a detailed analysis of residual land value. **SELLER FINANCING may be available for qualified buyers**

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Stories: 4
  • Living Area: 16,080 SqFt

Listing Office:

  • Office Name: Onyx Realty Inc.
  • Office Phone: (310) 275-3915
  • Listing Agent: Jonathan Massaband

Interior Features

Interior Information:

  • Flooring Type: Wood
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 12
  • Total Bedroom Count: 12

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

School Info

Assigned Schools Information:

  • Hollywood Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Hubert Howe Bancroft Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: Corner of Fountain Ave & Seward Street - 3 Blocks West of Cahuenga Blvd

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,895,000
  • Price Per SqFt: $118/SqFt

Tax Information:

  • Annual Amount: $10,338
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Map thumbnail provided by MapBox

Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

6575 Fountain Ave vs Los Angeles

222 DAYS ON ROCKET

+188 Days

$1,895,000

+$919K More

$118/SqFt

-$510 Less

KEY TAKEAWAY

This property is $919K more than the Median Sold Price and $510/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #23310631

Listing Office:

  • Office Name: Onyx Realty Inc.
  • Office Phone: (310) 275-3915
  • Listing Agent: Jonathan Massaband

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 12:55:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 10, 2017Home Sold
$792,000
Dec 22, 2005Home Sold
$945,000

Tax History

YEARPROP. TAXASSESSMENT
2021$10,338$832,531
2020$9,971$1,165,248
2019$9,930$807,840
2018$13,733$792,000
2017$13,733$1,112,726

History based on county public records data.

Payment Calculator

$9,525

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,748

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3434432
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 1.01 miles

  • Public Magnet Grades KG-6

school-card-donut-3434433
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 18.96 miles

  • Public Magnet Grades 1-5

school-card-donut-3434434
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 26.40 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-3434435
4
/10

  • Hubert Howe Bancroft Middle School

  • 929 N Las Palmas Ave

  • 0.47 miles

  • Public Magnet Grades 6-8

school-card-donut-3434436
4
/10

  • Studio

  • 2211 W Avenue 30

  • 5.56 miles

  • Public District Grades 6-8

High School

school-card-donut-3434437
5
/10

  • Hollywood Senior High School

  • 1521 N Highland Ave

  • 0.51 miles

  • Public Magnet Grades 9-12

school-card-donut-3434438
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 7.97 miles

  • Public Magnet Grades 9-12

school-card-donut-3434439
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 11.74 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,316. Most Los Angeles, CA residents have annual incomes between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 6575 Fountain Ave

What is the listing price of this property?

The listing price of 6575 Fountain Ave property is $1,895,000.

What type of property is this?

The property 6575 Fountain Ave is a house located in Los Angeles, California, 90028.

Is this property for sale now?

Active Listing: 6575 Fountain Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 6575 Fountain Ave are:
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Point Fermin Elementary School: GreatSchools Rating 6/10
Hubert Howe Bancroft Middle School: GreatSchools Rating 4/10
Studio: GreatSchools Rating 4/10
Hollywood Senior High School: GreatSchools Rating 5/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $10,338 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 10, 2017 for $792,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 6575 Fountain Ave has 12 bedrooms and 12 bathrooms.

What is the square footage of this property?

The property 6575 Fountain Ave is 16,080 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 6575 Fountain Ave is 1920.

Rocket Homes›California›Los Angeles County›Los Angeles›90028›6575 Fountain Ave

This home is located at 6575 Fountain Ave in Los Angeles, CA and zip code 90028 in the Central LA neighborhood. This 16,080 square foot home, which was built in 1920, sits on a 0.16 acre lot. Features: 12 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since September 20, 2023 and is currently priced at $1,895,000.

While more than 628 listings in Los Angeles, CA in March 2024 were sold above asking price, there were more than 196 listings sold at asking price, and more than 579 were sold below. In March 2024 in Los Angeles, CA there were 10.8% more homes for sale than in February 2024. In March 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $975,970.

From Rocket Homes Real Estate and based on county public records data.

More Resources