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5436 Fountain Ave, Los Angeles, CA 90029
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5436 Fountain Ave Los Angeles, CA 90029

$2,111,850 Sold Price as of 11/23/2021
  • 10 Beds
  • 10 Baths
  • 4,320 Sq.Ft.
Sold
$2,111,850 Sold Price as of 11/23/2021 Refinance Your Mortgage
Map preview of 5436 Fountain Ave, Los Angeles, CA 90029

Property Overview: 5436 Fountain Ave Los Angeles, CA has 10 bedrooms, 10 bathrooms, 4,320 living square feet and 8,082 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Fountain Apartments is a 10 unit apartment building, located in the Heart of Hollywood, consisting of 10 one bedroom one bathroom units, just blocks away various eateries and the main Hollywood train station. All units have various upgrades and it's own water heaters, essentially alleviating any gas bills for the owner to pay. There is no parking on-site and no laundry facility on-site either, but plenty of street parking and nearby laundromats. Three units will be delivered vacant, allowing investors to place tenants of choice. The affordability and location makes renters flock to the Fountain Apartments. With constant ongoing development around the entire area, the Fountain Apartments is truly a desirable property, in a desirable location, for both first time buyers or experienced investors. Total annual gross income for the property is $155,085

Listed by Hagop Baboudjian | BRE #01372116 | Baboudjian Properties Inc.
Last checked: 7 minutes ago | Last updated: April 29th, 2022 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
8,082
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
320007848
City
Los Angeles
County
Los Angeles
Time on Site
1086 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 3
  • # of Leased Units: 0
  • # of Electric Meters: 11
  • # of Gas Meters: 10
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,090
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,148
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,088
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,350
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,196
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.85%
  • Gross Rent Multiplier: 14.02
  • Gross Scheduled Income: $155,085
  • Net Operating Income: $0
  • Gross Operating Income: $155,085
  • Vacancy Allowance: $0
  • # of Rented Garages: 0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Personal Property: $0
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Gas/Fuel: $0
  • New Taxes: $25,947
  • Trash: $0
  • Insurance: $4,019
  • Maintenance: $6,700
  • Professional Management: $0
  • Water/Sewer: $11,759
  • Other Expenses: $0

Virtual Tour

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Property Details for 5436 Fountain Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Carpet, Tile
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Public Records
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 10
  • Parcel Number: 5537002007
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable-105
  • Directions: Cross Streets: Western
View more facts & features

Local Los Angeles Agent

Sale History for 5436 Fountain Ave

Last sold for $2,111,850 on November 23rd, 2021

  • November, 2021

  • Nov 23, 2021

    Date

    Sold

    CRMLS: 320007848

    $2,111,850

    Price

  • Sep 28, 2021

    Date

    Active

    CRMLS: 320007848

    $2,175,000

    Price

  • November, 2012

  • Nov 29, 2012

    Date

    Sold (Public Records)

    Public Records

    $1,200,012

    Price

  • April, 2011

  • Apr 30, 2011

    Date

    Expired

    CRMLS: 12148058

    $1,250,000

    Price

  • Feb 1, 2011

    Date

    Active

    CRMLS: 12148058

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Priced to sell! 5 duplexes in courtyard setting. Building is well maintained and most units have copper plumbing with remodeled kitchen and bathroom. Newer roof. Low maintenance gated building. Good rental location. Currently 100% occupied. All units are 1 bedroom, 1 bath. Rents are apx. $100-$200 below market rents.Seller is motivated!

  • December, 2010

  • Dec 30, 2010

    Date

    Expired

    CRMLS: 12140846

    $1,250,000

    Price

  • Jul 7, 2010

    Date

    Active

    CRMLS: 12140846

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Priced to sell! 5 duplexes in courtyard setting. Building is well maintained and most units have copper plumbing with remodeled kitchen and bathroom. Newer roof. Low maintenance gated building. Good rental location. Currently 100% occupied. All units are 1 bedroom, 1 bath. Rents are apx. $100-$200 below market rents.Seller is motivated!

  • June, 2010

  • Jun 30, 2010

    Date

    Expired

    CRMLS: 12133185

    $1,250,000

    Price

  • Jan 5, 2010

    Date

    Active

    CRMLS: 12133185

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Priced to sell! 5 duplexes in courtyard setting. Building is well maintained and most units have copper plumbing with remodeled kitchen and bathroom. Newer roof. Low maintenance gated building. Good rental location. Currently 100% occupied. All units are 1 bedroom, 1 bath. Rents are apx. $100-$200 below market rents.Seller is motivated!

  • December, 2009

  • Dec 31, 2009

    Date

    Expired

    CRMLS: 12130347

    $1,300,000

    Price

  • Oct 5, 2009

    Date

    Active

    CRMLS: 12130347

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    Priced to sell! 5 duplexes in courtyard setting. Building is well maintained and most units have copper plumbing with remodeled kitchen and bathroom. Newer roof. Low maintenance gated building. Good rental location. Currently 100% occupied. All units are 1 bedroom, 1 bath. Rents are apx. $100-$200 below market rents.Seller is motivated!

  • October, 2009

  • Oct 2, 2009

    Date

    Expired

    CRMLS: 12123381

    $1,300,000

    Price

  • Apr 6, 2009

    Date

    Active

    CRMLS: 12123381

    $1,290,000

    Price

  • Listing provided courtesy of CRMLS

    5 duplexes in courtyard setting. Building is well maintained and most units have copper plumbing with remodeled kitchen and bathroom. Newer roof. Low maintenance gated building. Good rental location. Currently 100% occupied. All units are 1 bedroom, 1 bath. Rents are apx. $100-$200 below market rents.

  • April, 2009

  • Apr 2, 2009

    Date

    Expired

    CRMLS: 12110772

    $1,262,000

    Price

  • May 27, 2008

    Date

    Active

    CRMLS: 12110772

    $1,290,000

    Price

  • Listing provided courtesy of CRMLS

    5 duplexes in courtyard setting. Building is well maintained and most units have copper plumbing with remodeled kitchen and bathroom. Newer roof. Low maintenance gated building. Good rental location. Currently 100% occupied.

  • March, 2008

  • Mar 27, 2008

    Date

    Expired

    CRMLS: 12099663

    $1,300,000

    Price

  • Sep 26, 2007

    Date

    Active

    CRMLS: 12099663

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    5 duplexes in courtyard setting. Building is well maintained and most units have copper plumbing with remodeled kitchen and bathroom. Newer roof. Low maintenance gated building. Good rental location. Currently 100% occupied.

  • August, 2007

  • Aug 1, 2007

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

Show More

Tax History for 5436 Fountain Ave

Assessed Value (2020): $1,351,977
Year Land Value Improved Value Assessed Value
2020 $900,785 $451,192 $1,351,977

Home Value Compared to the Market

This property vs the competition

5436 Fountain Ave sold on November 23, 2021 for 94.2% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $503.47 per/sqft which puts the price per square foot 30.46% lower than the current median sale per square foot for the city of Los Angeles.

About 5436 Fountain Ave

Detailed summary of property

5436 Fountain Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 10 bedrooms, 10 bathrooms, roughly 4,320 living square feet, and sits on an approximately 8,082 square foot lot. 5436 Fountain Ave was first listed on ArdentRealEstateGroup.com on September 28, 2021. The homeowner sold the property for $2,111,850. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 94.2% higher than the current median priced home. Local homes that are currently for sale include 5977 Franklin Ave, 563 N Alexandria Ave and 5008 Rosewood Ave. While the average home in Los Angeles, CA is selling in 106 days, 5436 Fountain Ave has a days on market of 30 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 5436 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 5436 Fountain Ave

Public county record property details
Beds
10
Baths
10
Year built
1923
Sq. Ft.
4,320
Lot Size
8,081
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5537-002-007

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
$1,022,990
Median List Price/Sq.Ft.
$737
Median Sold Price
$672,500
Median Sold Price/Sq.Ft.
$724
Total Inventory
32
Median Sale to List Price %
105.24%
Avg Days on Market
16
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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Call, Text or Message
(714) 706-1823

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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.

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