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5667 Fountain Ave, Los Angeles, CA 90028
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5667 Fountain Ave Los Angeles, CA 90028

$2,580,000 Sold Price as of 04/09/2021
  • 13 Beds
  • 12 Baths
  • 7,097 Sq.Ft.
Sold
$2,580,000 Sold Price as of 04/09/2021 Refinance Your Mortgage
Map preview of 5667 Fountain Ave, Los Angeles, CA 90028

Property Overview: 5667 Fountain Ave Los Angeles, CA has 13 bedrooms, 12 bathrooms, 7,097 living square feet and 7,511 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The subject property is a turn-key, nine unit apartment complex built in 1964 and located in Hollywood. Ideally situated on Fountain Ave, just off Wilton Place and south of Sunset, these units offer tenants a central hub to all that Hollywood and Los Angeles has to offer. The property boasts a diverse unit mix with one studio, three 1 bedroom, 1 bathroom units, one 2 bedroom, 1 bathroom unit, one 2 bedroom, 1 bathroom unit and three 2 bedroom, 2 bathroom units. The prime location allows occupants to enjoy all of Hollywood's world famous entertainment, dining and culture, within the comfort of a quiet and luxurious home. All units have been renovated. The improvements are built on a 7,511 square foot lot with a total rentable square footage of 7,097. There are 10 on-site parking spaces and the buildings seismic soft-story retrofit has been completed. Each well maintained unit is individually metered for gas and electricity.

Listed by Morgan McMullin | BRE #01716570 | Compass
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft
7,511
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21682806
City
Los Angeles
County
Los Angeles
Time on Site
1204 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,545
  • Total Rent: $4,635
  • Pro Forma/Market Rent: $4,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,842
  • Total Rent: $1,842
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 5
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,292
  • Total Rent: $6,875
  • Pro Forma/Market Rent: $7,050
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.58
  • Gross Scheduled Income: --
  • Net Operating Income: $131,461
  • Gross Operating Income: $192,490
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5667 Fountain Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 9
  • Parcel Number: 5545020009
Location / Neighborhood
Location Information
  • Directions: Just off the corner of Wilton and Fountain, south of the 101 Freeway.
View more facts & features

Local Los Angeles Agent

Sale History for 5667 Fountain Ave

Last sold for $2,580,000 on April 9th, 2021

  • April, 2021

  • Apr 16, 2021

    Date

    Sold

    CRMLS: 21682806

    $2,580,000

    Price

  • Mar 29, 2021

    Date

    Active Under Contract

    CRMLS: 21682806

    $2,695,000

    Price

  • Jan 21, 2021

    Date

    Active

    CRMLS: 21682806

    $2,695,000

    Price

  • January, 2021

  • Jan 2, 2021

    Date

    Expired

    CRMLS: 20637150

    $2,725,000

    Price

  • Sep 25, 2020

    Date

    Active

    CRMLS: 20637150

    $2,725,000

    Price

  • Listing provided courtesy of CRMLS

    I am pleased to present 5667 Fountain Avenue, a nine-unit apartment community in Hollywood. The property offers investors a unique opportunity to acquire a thoroughly renovated building with a stable operating history and substantial rental upside remaining. 5667 Fountain is situated just south from one of the most famous and highly trafficked thoroughfares in Los Angeles, Sunset Boulevard. The property is located one block away from the DASH Hollywood bus line and 0.7 miles to the Metro Red Line, which provides service from Downtown Los Angeles, Studio City, and North Hollywood. Furthermore, the location offers residents access to a myriad of entertainment venues, employment centers and restaurants. The property features, on-site parking, on-site laundry, secured access and is individually metered for electric and gas.

  • June, 2018

  • Jun 16, 2018

    Date

    Expired

    CRMLS: 18321162

    $2,875,000

    Price

  • May 17, 2018

    Date

    Price Change

    CRMLS: 18321162

    $2,875,000

    Price

  • Mar 8, 2018

    Date

    Active

    CRMLS: 18321162

    $2,975,000

    Price

  • Listing provided courtesy of CRMLS

  • July, 2017

  • Jul 26, 2017

    Date

    Expired

    CRMLS: 17198936

    $3,289,000

    Price

  • Jul 6, 2017

    Date

    Withdrawn

    CRMLS: 17198936

    $3,289,000

    Price

  • Jul 4, 2017

    Date

    Hold

    CRMLS: 17198936

    $3,289,000

    Price

  • Jul 2, 2017

    Date

    Active

    CRMLS: 17198936

    $3,289,000

    Price

  • Jun 22, 2017

    Date

    Hold

    CRMLS: 17198936

    $3,289,000

    Price

  • Jun 22, 2017

    Date

    Active

    CRMLS: 17198936

    $3,289,000

    Price

  • Jun 12, 2017

    Date

    Hold

    CRMLS: 17198936

    $3,289,000

    Price

  • Jun 11, 2017

    Date

    Active

    CRMLS: 17198936

    $3,289,000

    Price

  • Jun 1, 2017

    Date

    Hold

    CRMLS: 17198936

    $3,289,000

    Price

  • Jun 1, 2017

    Date

    Active

    CRMLS: 17198936

    $3,289,000

    Price

  • May 22, 2017

    Date

    Hold

    CRMLS: 17198936

    $3,289,000

    Price

  • May 3, 2017

    Date

    Price Change

    CRMLS: 17198936

    $3,289,000

    Price

  • Mar 15, 2017

    Date

    Price Change

    CRMLS: 17198936

    $3,299,000

    Price

  • Feb 2, 2017

    Date

    Active

    CRMLS: 17198936

    $3,300,000

    Price

  • Listing provided courtesy of CRMLS

    PRIDE OF OWNERSHIP asset in TURNKEY condition: ALL units completely renovated. Gated parking and SECURE entry. Good upside, area rents are steadily increasing and vacancy is holding steady below 3%. Beautiful building, strategic location with immediate access to restaurants, clubs, shopping and endless amenities. Easy access to Metro and the freeways to DTLA. Stable, low maintenance and easy to manage. Laundry on site. Fabulous tenant mix. Units are HUGE, show nicely and are easy to rent. 11 parking spaces. UNIT MIX: 5 units: 2 bed+ 1.5 bath; 3 units: 1 bed+ 1 bath, 1 Studio. This HOLLYWOOD GEM is located at Van Ness Avenue and Fountain. 0.4 Miles from PARAMOUNT STUDIOS. 1.3 miles from the famous HOLLYWOOD / VINE intersection. Less than one mile from METRO STATION at Sunset/Western..2 Miles from other major studios. .5 Miles to Walgreens & Home Depot; short drive to Bed Bath & Beyond, Trader Joe' s & LA Fitness. Walking distance to MAJOR ENTERTAINMENT.

  • April, 2014

  • Apr 22, 2014

    Date

    Sold (Public Records)

    Public Records

    $1,769,017

    Price

  • August, 2011

  • Aug 23, 2011

    Date

    Sold (Public Records)

    Public Records

    $1,534,500

    Price

Show More

Tax History for 5667 Fountain Ave

Assessed Value (2020): $1,983,133
Year Land Value Improved Value Assessed Value
2020 $1,120,893 $862,240 $1,983,133

Home Value Compared to the Market

This property vs the competition

5667 Fountain Ave sold on April 9, 2021 for 126.47% 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 $379.74 per/sqft which puts the price per square foot 49.7% lower than the current median sale per square foot for the city of Los Angeles.

About 5667 Fountain Ave

Detailed summary of property

5667 Fountain Ave is a multi family that recently sold in Los Angeles, CA 90028. This multi family property offered 13 bedrooms, 12 bathrooms, roughly 7,097 living square feet, and sits on an approximately 7,511 square foot lot. 5667 Fountain Ave was first listed on ArdentRealEstateGroup.com on January 21, 2021. The homeowner sold the property for $2,580,000. 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 126.47% higher than the current median priced home. Local homes that are currently for sale include 6040 Graciosa Dr, 6400 Dix St and 203 N Oxford Ave. While the average home in Los Angeles, CA is selling in 94 days, 5667 Fountain Ave has a days on market of 17 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 5667 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 5667 Fountain Ave

Public county record property details
Beds
13
Baths
14
Year built
1964
Sq. Ft.
7,097
Lot Size
7,510
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
27
APN
5545-020-009

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 5667 Fountain Ave

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5663 Fountain Ave, Los Angeles, CA 90028
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5663 Fountain Ave
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5666 Fountain Ave, Los Angeles, CA 90028
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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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