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5646 Fountain Ave, Los Angeles, CA 90028
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5646 Fountain Ave Los Angeles, CA 90028

$2,480,000 Sold Price as of 09/20/2022
  • 12 Beds
  • 8 Baths
  • 5,864 Sq.Ft.
Sold
$2,480,000 Sold Price as of 09/20/2022 Refinance Your Mortgage
Map preview of 5646 Fountain Ave, Los Angeles, CA 90028

Property Overview: 5646 Fountain Ave Los Angeles, CA has 12 bedrooms, 8 bathrooms, 5,864 living square feet and 6,884 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Unit Mix of One- and Two-Bedroom Units in High Demand Rental Area. Four (4) Units Delivered Vacant. One (1) Unit Demo to Stud / Ready for Remodeling. Sold "As Is" Condition

Listed by Kimiyasu Murayoshi | BRE #01329437 | Andrew C. Lee
Co-listed by Andrew C Lee | BRE #01046440 | Andrew C. Lee
Last checked: 8 minutes ago | Last updated: September 24th, 2022 | Source CRMLS | DOM: 38

Home details

Lot Sq. Ft
6,884
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22177761
City
Los Angeles
County
Los Angeles
Time on Site
654 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,501
  • Total Rent: $10,006
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,551
  • Total Rent: $6,202
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.35%
  • Gross Rent Multiplier: 14.91
  • Gross Scheduled Income: --
  • Net Operating Income: $126,210
  • Gross Operating Income: $194,496
  • Laundry Income: $30
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5646 Fountain Ave

Interior Features
Heating Information
  • Has Heating
  • Central, Floor Furnace
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator, Vented Exhaust Fan
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 8
  • Parcel Number: 5536002018
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Near the corner of Fountain Avenue and Wilton Place
View more facts & features

Local Los Angeles Agent

Sale History for 5646 Fountain Ave

Last sold for $2,480,000 on September 20th, 2022

  • September, 2022

  • Sep 20, 2022

    Date

    Sold

    CRMLS: 22177761

    $2,480,000

    Price

  • Jul 11, 2022

    Date

    Active

    CRMLS: 22177761

    $2,900,000

    Price

  • February, 2021

  • Feb 1, 2021

    Date

    Expired

    CRMLS: 20627090

    $2,350

    Price

  • Nov 24, 2020

    Date

    Price Change

    CRMLS: 20627090

    $2,350

    Price

  • Sep 2, 2020

    Date

    Active

    CRMLS: 20627090

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Well-maintained modern style 2 bedroom/1 bathroom unit on the second floor. Easy access to restaurants, markets, and entertainments. Washer/dryer in inside of the unit.

  • November, 2020

  • Nov 12, 2020

    Date

    Leased

    CRMLS: 20651106

    $1,850

    Price

  • Oct 23, 2020

    Date

    Active

    CRMLS: 20651106

    $1,900

    Price

  • Listing provided courtesy of CRMLS

    Well remodeled one bedroom/one bathroom unit on the ground floor. 1 assigned parking space. Washer/dryer inside of the unit. Split air-conditioning.

  • August, 2020

  • Aug 25, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,160,000

    Price

  • February, 2009

  • Feb 9, 2009

    Date

    Expired

    CRMLS: 12118293

    $1,200,000

    Price

  • Nov 11, 2008

    Date

    Active

    CRMLS: 12118293

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity. Rents are below market. Separately metered for gas and electric.

  • March, 1997

  • Mar 14, 1997

    Date

    Sold (Public Records)

    Public Records

    $255,000

    Price

Show More

Tax History for 5646 Fountain Ave

Assessed Value (2020): $390,143
Year Land Value Improved Value Assessed Value
2020 $119,128 $271,015 $390,143

Home Value Compared to the Market

This property vs the competition

5646 Fountain Ave sold on September 20, 2022 for 126.89% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $460.44 per/sqft which puts the price per square foot 39.02% lower than the current median sale per square foot for the city of Los Angeles.

About 5646 Fountain Ave

Detailed summary of property

5646 Fountain Ave is a multi family that recently sold in Los Angeles, CA 90028. This multi family property offered 12 bedrooms, 8 bathrooms, roughly 5,864 living square feet, and sits on an approximately 6,884 square foot lot. 5646 Fountain Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $2,480,000. 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 126.89% higher than the current median priced home. Local homes that are currently for sale include 5008 Rosewood Ave, 867 N Alexandria Ave and 867 N Alexandria Ave. While the average home in Los Angeles, CA is selling in 93 days, 5646 Fountain Ave has a days on market of 38 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 5646 Fountain Ave Los Angeles, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5646 Fountain Ave

Public county record property details
Beds
9
Baths
8
Year built
1958
Sq. Ft.
5,864
Lot Size
6,973
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5536-002-018

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$752,000
Median Sold Price/Sq.Ft.
$470
Total Inventory
34
Median Sale to List Price %
83.65%
Avg Days on Market
197
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (100%)

Thinking of Selling?

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Recently Sold Homes Near 5646 Fountain Ave

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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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