NOT LISTED FOR SALE

4962 Fountain Ave Los Angeles, CA 90029

East Hollywood Neighborhood
9 Beds
7 Baths
699 Sq Ft
0.29 Acres

Last Sold December 16, 2016

Last sale price $1,770,000 $2,532 Per Sq Ft

47 Days on Market

About This Home

As of December 2016

15 unit/ 12,247 SF R3-1 apartment development site. Zoning: Z1-2374 Los Angeles State Enterprise Zone/Z1-2452 Transit Priority Area in the City of LA. Detailed development analysis by Property Forensic LLC available upon request. Currently improved with 6 units in 4 buildings constructed between 1920 and 1949. Potential Rents listed above represent Seller's estimate of the market value of units with no guarantee if or when that could occur.

Last Agent to Sell the Property

Wesley Wellman

Wellman Realty Co. License #00467451 Listed on: 07/12/2016

Last Buyer's Agent

Mark Konopaske

Mark Konopaske License #00960857

Mark Konopaske

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 0.29

Home Design

  • 699 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Parking

  • 7 Parking Spaces
  • Assigned Parking

Additional Features

  • 0.29 Acre Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 5 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5540-007-023

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: 15 unit/ 12,247 SF R3-1 apartment development site. Zoning: Z1-2374 Los Angeles State Enterprise Zone/Z1-2452 Transit Priority Area in the City of LA. Detailed development analysis by Property Forensic LLC available upon request. Currently improved with 6 units in 4 buildings constructed between 1920 and 1949. Potential Rents listed above represent Seller's estimate of the market value of units with no guarantee if or when that could occur.
  • Living Area: 699
  • Year Built: 1921
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 9
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 7.00
  • Den: 0
  • Price Per S Q F T: 2496.42

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 7

Utilities

  • Cooling: Wall/Window
  • Electric Expense: 780.00
  • Water Expense: 1200.00

Fee Information

  • Gas Expense: 540.00
  • Insurance Expense: 4228.00
  • Maintenance Expense: 9633.00

Lot Info

  • Assessed Improvement Value: 173986
  • Assessed Land Value: 406065
  • Assessor Parcel Number: 5540-007-023
  • Geocode Override: No
  • Lot Size Area: 12428

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 17.00
  • Number Of Units: 6
  • Rent Control: 100
  • Total Annual Expense: 40701
  • Type Of Units: 6
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 25100.00

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2016 12/16/16 Sold $1,770,000 +1.4% $2,532 / Sq Ft
08/28/2016 08/28/16 Pending -- -- --
08/17/2016 08/17/16 Price Changed $1,745,000 -7.9% $2,496 / Sq Ft
08/01/2016 08/01/16 Price Changed $1,895,000 -9.8% $2,711 / Sq Ft
07/12/2016 07/12/16 For Sale $2,100,000 -- $3,004 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Wesley Wellman

    Seller's Agent in 2016

    Wesley Wellman

    Wellman Realty Co.

    (424) 265-8872

    17 Total Sales

    Wesley Wellman
    Section Image
  • Mark Konopaske

    Buyer's Agent in 2016

    Mark Konopaske

    Mark Konopaske

    (213) 220-9800

    10 Total Sales

    Mark Konopaske
    Section Image
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Map

Source: The MLS

MLS Number: 16-143144

The MLS

APN: 5540-007-001

California Los Angeles County Los Angeles 90027 East Hollywood

4962 Fountain Ave, Los Angeles, CA

This home is located at 4962 Fountain Ave, Los Angeles, CA 90029 since 12 July 2016. This property was built in 1921. 4962 Fountain Ave is a home located in Los Angeles County with nearby schools including Ramona Elementary School, Joseph Le Conte Middle School, and STEM Academy at Bernstein High.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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