NOT LISTED FOR SALE

5436 Fountain Ave Los Angeles, CA 90029

East Hollywood Neighborhood
10 Beds
10 Baths
4,320 Sq Ft
8,082 Sq Ft Lot

Last Sold November 23, 2021

Last sale price $2,111,850 $489 Per Sq Ft

30 Days on Market

Highlights

  • Tile Flooring
  • Wall Furnace
  • 2-minute walk to La Mirada Park
  • STEM Academy at Bernstein High Rated A-

About This Home

As of November 2021

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

Last Agent to Sell the Property

Jack Baboudjian

Baboudjian Properties Inc. License #01372116 Listed on: 09/28/2021

Last Buyer's Agent

Jack Baboudjian

Baboudjian Properties Inc. License #01372116 Listed on: 09/28/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 8,082 Sq Ft Lot
  • 1 Common Wall

Home Design

  • 4,320 Sq Ft Home
  • Property Attached

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 5537002007

Community Details

Overview

  • 3 Buildings
  • 10 Units
  • Not Applicable 105 Subdivision

Building Details

  • 11 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,019
  • Maintenance Expense $6,700
  • Water Sewer Expense $11,759
  • New Taxes Expense $25,947
  • Gross Income $155,085

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.85
  • Price Per Unit: 217500
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable-105
  • Water Sewer Expenses: 11759.00
  • Zoning: LAR4
  • Property Type: Residential Income
  • Parcel Number: 5537002007
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Levels: One
  • Price Per Square Foot: 488.85

Garage/Parking

  • Parking: No

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace

Lot Info

  • Lot Size Sq Ft: 8082.00
  • Lot Size Acres: 0.1800

Multi Family

  • Gross Multiplier: 14.02
  • Gross Operating Income: 155085.00
  • Gross Scheduled Income: 155085.00
  • Insurance Expense: 4019.00
  • Lot Size Area: 8082.0000 Square Feet
  • Maintenance Expense: 6700.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10

Tax Info

  • New Taxes Expense: 25947.00

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
11/23/2021 11/23/21 Sold $2,111,850 -2.9% $489 / Sq Ft
10/28/2021 10/28/21 Pending -- -- --
09/28/2021 09/28/21 For Sale $2,175,000 -- $503 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jack Baboudjian

    Seller's Agent in 2021

    Jack Baboudjian

    Baboudjian Properties Inc.

    (310) 770-8700

    2 in this area

    14 Total Sales

    Jack Baboudjian
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320007848

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90027 East Hollywood

5436 Fountain Ave, Los Angeles, CA

This home is located at 5436 Fountain Ave, Los Angeles, CA 90029 since 28 September 2021. This property was built in 1923. 5436 Fountain Ave is a home located in Los Angeles County with nearby schools including Kingsley Elementary School, Joseph Le Conte Middle School, and STEM Academy at Bernstein High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

Nearby Homes