Search
5179 Fountain Ave, Los Angeles, CA 90029
View Photos

5179 Fountain Ave Los Angeles, CA 90029

$4,050,000 Sold Price as of 02/25/2020
  • 21 Beds
  • 18 Baths
  • -- Sq.Ft.
Sold
$4,050,000 Sold Price as of 02/25/2020 Refinance Your Mortgage
Map preview of 5179 Fountain Ave, Los Angeles, CA 90029

Property Overview: 5179 Fountain Ave Los Angeles, CA has 21 bedrooms, 18 bathrooms, -- living square feet and 14,290 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Listed by Sang (Brian) Ji | BRE #01443223 | Total Commercial, Inc.
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 84

Home details

Lot Sq. Ft
14,290
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19516478
City
Los Angeles
County
Los Angeles
Time on Site
1223 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,409
  • Total Rent: $2,819
  • Pro Forma/Market Rent: $4,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,292
  • Total Rent: $2,583
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 3
  • # of Units: 15
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,202
  • Total Rent: $16,838
  • Pro Forma/Market Rent: $23,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.49
  • Gross Scheduled Income: --
  • Net Operating Income: $168,787
  • Gross Operating Income: $266,904
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5179 Fountain Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Detached Carport
Property Information
  • Total # of Units: 18
  • Parcel Number: 5544038016
Location / Neighborhood
Location Information
  • Directions: It is an 18 unit apartment building which consists of 2 2bed 2bath, 1 2bed 1bath and 15 1 bed 1 bath. Prime Hollywood Location which has potential development opportunity on 14,289 SF Lot.Current GRM is 15.49 but the Market GRM is 10. There is huge upside potential in Rents.It is located in Opportunity Zone.
View more facts & features

Local Los Angeles Agent

Sale History for 5179 Fountain Ave

Last sold for $4,050,000 on February 25th, 2020

  • February, 2020

  • Feb 26, 2020

    Date

    Sold

    CRMLS: 19516478

    $4,050,000

    Price

  • Jan 21, 2020

    Date

    Pending

    CRMLS: 19516478

    $4,150,000

    Price

  • Dec 13, 2019

    Date

    Price Change

    CRMLS: 19516478

    $4,150,000

    Price

  • Dec 3, 2019

    Date

    Pending

    CRMLS: 19516478

    $4,300,000

    Price

  • Dec 2, 2019

    Date

    Active

    CRMLS: 19516478

    $4,300,000

    Price

  • Nov 14, 2019

    Date

    Pending

    CRMLS: 19516478

    $4,300,000

    Price

  • Oct 1, 2019

    Date

    Active

    CRMLS: 19516478

    $4,300,000

    Price

  • February, 2020

  • Feb 25, 2020

    Date

    Sold (Public Records)

    Public Records

    $4,050,000

    Price

  • April, 2006

  • Apr 24, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5179 Fountain Ave

Assessed Value (2020): $1,186,155
Year Land Value Improved Value Assessed Value
2020 $413,339 $772,816 $1,186,155

Home Value Compared to the Market

This property vs the competition

5179 Fountain Ave sold on February 25, 2020 for 248.74% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 5179 Fountain Ave

Detailed summary of property

5179 Fountain Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 21 bedrooms, 18 bathrooms, roughly -- living square feet, and sits on an approximately 14,290 square foot lot. 5179 Fountain Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $4,050,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 248.74% higher than the current median priced home. Local homes that are currently for sale include 204 N Manhattan Pl, 204 N Manhattan Pl and 6222 Banner Ave. While the average home in Los Angeles, CA is selling in 92 days, 5179 Fountain Ave has a days on market of 84 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 5179 Fountain Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5179 Fountain Ave

Public county record property details
Beds
--
Baths
20
Year built
1957
Sq. Ft.
12,762
Lot Size
14,289
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5544-038-016

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,200,000
Median List Price/Sq.Ft.
$794
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
34
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 5179 Fountain Ave

Nearby Homes for Sale

1214 N Kingsley Dr, Los Angeles, CA 90029
$3,500,000
10 Beds
9 Baths
6703 Sq.Ft.
1214 N Kingsley Dr
Los Angeles, CA 90029
1405 N Normandie Ave, Los Angeles, CA 90027
$3,250,000
15 Beds
16 Baths
10001 Sq.Ft.
1405 N Normandie Ave
Los Angeles, CA 90027
1400 N. Hobart Blvd, Los Angeles, CA 90027
$3,600,000
23 Beds
10 Baths
19776 Sq.Ft.
1400 N. Hobart Blvd
Los Angeles, CA 90027
5314 Loma Linda Ave, Los Angeles, CA 90027
$4,849,000
17 Beds
16 Baths
12104 Sq.Ft.
5314 Loma Linda Ave
Los Angeles, CA 90027
5322 Loma Linda Ave, Los Angeles, CA 90027
$4,849,000
17 Beds
13 Baths
12104 Sq.Ft.
5322 Loma Linda Ave
Los Angeles, CA 90027
639 N Alexandria Ave, Los Angeles, CA 90004
$3,690,000
19 Beds
18 Baths
8468 Sq.Ft.
639 N Alexandria Ave
Los Angeles, CA 90004
4942 Maplewood Ave, Los Angeles, CA 90004
$3,950,000
16 Beds
9 Baths
7475 Sq.Ft.
4942 Maplewood Ave
Los Angeles, CA 90004
4212 Lockwood Ave, Los Angeles, CA 90029
$3,400,000
14 Beds
12 Baths
6466 Sq.Ft.
4212 Lockwood Ave
Los Angeles, CA 90029
1542 N Hoover St, Los Angeles, CA 90027
$3,995,000
9 Beds
9 Baths
5276 Sq.Ft.
1542 N Hoover St
Los Angeles, CA 90027
1542 N Hoover St, Los Angeles, CA 90027
$3,995,000
9 Beds
9 Baths
5276 Sq.Ft.
1542 N Hoover St
Los Angeles, CA 90027
4835 Elmwood Ave, Los Angeles, CA 90004
$4,100,000
89 Beds
89 Baths
6870 Sq.Ft.
4835 Elmwood Ave
Los Angeles, CA 90004
4310 Franklin Ave, Los Angeles, CA 90027
$3,250,000
8 Beds
8 Baths
5283 Sq.Ft.
4310 Franklin Ave
Los Angeles, CA 90027

Recently Sold Homes Near 5179 Fountain Ave

1310 N Kingsley Dr, Los Angeles, CA 90027
$1,065,000 Last Sold Price
5 Beds
3 Baths
2816 Sq.Ft.
1310 N Kingsley Dr
Los Angeles, CA 90027
1316 N Kingsley Dr, Los Angeles, CA 90027
$1,450,000 Last Sold Price
7 Beds
6 Baths
4157 Sq.Ft.
1316 N Kingsley Dr
Los Angeles, CA 90027
1315 N Kingsley Dr, Los Angeles, CA 90027
$1,310,000 Last Sold Price
3 Beds
6 Baths
3230 Sq.Ft.
1315 N Kingsley Dr
Los Angeles, CA 90027
1326 N Harvard Blvd, Los Angeles, CA 90027
$960,000 Last Sold Price
4 Beds
2 Baths
1672 Sq.Ft.
1326 N Harvard Blvd
Los Angeles, CA 90027

Related Resources to 5179 Fountain Ave

New Listings in 90029
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Refi Quote