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5734 Fountain Ave, Los Angeles, CA 90028
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5734 Fountain Ave Los Angeles, CA 90028

$1,850,000 Sold Price as of 05/15/2023
  • 7 Beds
  • 4 Baths
  • 3,520 Sq.Ft.
Sold
$1,850,000 Sold Price as of 05/15/2023 Refinance Your Mortgage
Map preview of 5734 Fountain Ave, Los Angeles, CA 90028

Property Overview: 5734 Fountain Ave Los Angeles, CA has 7 bedrooms, 4 bathrooms, 3,520 living square feet and 7,701 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: sold together with 5740-5744 Fountain Ave

Listed by Adam Kanizo | BRE #02008361 | Paloma Realty Partners, Inc.
Last checked: 10 minutes ago | Last updated: March 15th, 2024 | Source CRMLS | DOM: 63

Home details

Lot Sq. Ft
7,701
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22220353
City
Los Angeles
County
Los Angeles
Time on Site
526 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,795
  • Total Rent: $8,385
  • Pro Forma/Market Rent: $8,385
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,284
  • Total Rent: $1,284
  • Pro Forma/Market Rent: $2,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: 15.14
  • Gross Scheduled Income: --
  • Net Operating Income: $78,545
  • Gross Operating Income: $109,816
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5734 Fountain Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned, Driveway
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 5536001004
  • Architectural Style: Spanish
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Fountain and Wilson Pl.
View more facts & features

Local Los Angeles Agent

Sale History for 5734 Fountain Ave

Last sold for $1,850,000 on May 15th, 2023

  • March, 2024

  • Mar 2, 2024

    Date

    Withdrawn

    CRMLS: 23331915

    $1,777,000

    Price

  • Nov 14, 2023

    Date

    Active

    CRMLS: 23331915

    $1,777,000

    Price

  • Listing provided courtesy of CRMLS

    Presenting a renovated and well maintained 4-unit multi-family property at an in place 4.75% Cap rate. The property comes with RTI plans to add two adu's. Upon completion of the adu's and investor will benefit from immediate upside bringing the new cap rate to 6.4% without having to do any tenant buyouts. Upon the last below market unit becoming vacant the property will be at a 8.39 Cap and 9.7 GRM. Investor has ability to attain section 8 renters which adds a layer of reliability, offering guaranteed income and a secure investment as sec 8 rents for 90028 zipcode are $3120, current in place rents are $2795 for the renovated 2bds.. An additional advantage is the delivery of one unit vacant, providing investors with the flexibility to attain owner occupancy financing. Don't miss this rare opportunity to own a turnkey multi-family property with immediate income & a clear business plan for immediate upside. The property is located walking distance to the Netflix's campus and sunset Bronson studios and everything the heart of Hollywood has to offer.

  • May, 2023

  • May 15, 2023

    Date

    Sold

    CRMLS: 22220353

    $1,850,000

    Price

  • Nov 18, 2022

    Date

    Active

    CRMLS: 22220353

    $1,895,000

    Price

  • July, 2022

  • Jul 30, 2022

    Date

    Expired

    CRMLS: 21110385

    $1,495,000

    Price

  • Dec 6, 2021

    Date

    Active

    CRMLS: 21110385

    $1,495,000

    Price

  • Listing provided courtesy of CRMLS

    Value Add 4 unit apartment complex in a prime Hollywood location. The property comprises on a single structure with all one-bedroom/one-bathroom layouts. This large lot allows for an investor to add two or more ADU's in the back lot, taking advantage of the R3 zoning and CA new ADU Laws. The property has one vacancy which is in need of a full renovation, primed for an owner/occupier looking to make this place their own while taking advantage of low interest/down payment financing.

  • October, 2021

  • Oct 29, 2021

    Date

    Sold

    CRMLS: SR21137536

    $820,000

    Price

  • Sep 10, 2021

    Date

    Hold

    CRMLS: SR21137536

    $1,095,000

    Price

  • Sep 10, 2021

    Date

    Active

    CRMLS: SR21137536

    $1,095,000

    Price

  • Sep 9, 2021

    Date

    Hold

    CRMLS: SR21137536

    $1,095,000

    Price

  • Jul 26, 2021

    Date

    Pending

    CRMLS: SR21137536

    $1,095,000

    Price

  • Jul 7, 2021

    Date

    Hold

    CRMLS: SR21137536

    $1,095,000

    Price

  • Jun 24, 2021

    Date

    Active

    CRMLS: SR21137536

    $1,095,000

    Price

  • Listing provided courtesy of CRMLS

    1920s Art Deco fourplex in prime Hollywood location. Adjacent property next door at 5740 Fountain Ave. also for sale for $1,750,000. Entire Trust Portfolio of six building for sale for $12,820,000 consisting of 1000 & 1006 Croft, 5734 & 5740 Fountain, 1236 S. Cloverdale and 1201 S. La Cienega. Buyer to cooperate in a 1031 tax exchange.

Show More

Tax History for 5734 Fountain Ave

Assessed Value (2020): $1,167,328
Year Land Value Improved Value Assessed Value
2020 $817,130 $350,198 $1,167,328

Home Value Compared to the Market

This property vs the competition

5734 Fountain Ave sold on May 15, 2023 for 47.02% 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 $497.02 per/sqft which puts the price per square foot 34.17% lower than the current median sale per square foot for the city of Los Angeles.

About 5734 Fountain Ave

Detailed summary of property

5734 Fountain Ave is a multi family that recently sold in Los Angeles, CA 90028. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 3,520 living square feet, and sits on an approximately 7,701 square foot lot. 5734 Fountain Ave was first listed on ArdentRealEstateGroup.com on December 2, 2022. The homeowner sold the property for $1,850,000. 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 47.02% higher than the current median priced home. Local homes that are currently for sale include 5918 Barton Ave, 1537 N Kingsley Dr and 800 N Hobart Blvd. While the average home in Los Angeles, CA is selling in 93 days, 5734 Fountain Ave has a days on market of 63 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 5734 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 5734 Fountain Ave

Public county record property details
Beds
4
Baths
4
Year built
1923
Sq. Ft.
3,520
Lot Size
7,840
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
65-67
APN
5536-001-004

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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(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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