NOT LISTED FOR SALE

5722 Fountain Ave Los Angeles, CA 90028

Hollywood Neighborhood

Estimated Value: $1,327,000 - $1,871,000

8 Beds
4 Baths
3,504 Sq Ft
$473/Sq Ft Est. Value

Last Sold April 02, 2021

Last sale price $1,420,000 $405 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $10,518/month

92 Days on Market

Highlights

  • Automatic Gate
  • Granite Countertops
  • Views
  • STEM Academy at Bernstein High Rated A-
  • Balcony
  • 4-minute walk to Seily Rodriguez Park

About This Home

As of April 2021

PlLEASE DO NOT CONTACT OWNER. PROPERTY IS LISTED AND IN ESCROW. WILL ACCEPT BACK-UP OFFERS SUBJECT TO CANCELLATION OF ESCROW..Location, Location, Location! 4 unit income property with LA R3 Zoning in great location!! Property has 2 structures- 2 units (side by side) in the front building and 2 units in the back building (1st and 2nd floor). Upper unit has balcony with Hollywood sign view. All 4 units have 2 bds and 1 ba in over 3500 total building sq ft. All units updated with laminate flooring in the living rooms, carpet in bedrooms, newer kitchen cabinets, granite counter tops, central A/C and much more. Automatic front gate for security. Extra income from coin operated washer and dryer ($1438 annually). Rare vacancies due to this prestigious neighborhood. This property is located near the Hollywood studio district and KTLA broadcasting center. Accepting Back-up Offers.

Last Agent to Sell the Property

Kristin Hamm

Rodeo Realty License #00764550 Listed on: 09/08/2020

Rodeo Realty

Co-Listed By

Phyllis Lu

Titan One Real Estate License #01526442

Last Buyer's Agent

Paris Coleman Smalls

Coleman Realty License #01954718

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,632

Year Built

  • Built in 1922

Lot Details

  • 6,052

Home Design

  • Stucco

Interior Spaces

  • 3,504 Sq Ft Home
  • 2-Story Property
  • Laundry Located Outside
  • Property Views

Kitchen

  • Oven or Range
  • Microwave
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Carport
  • Automatic Gate

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Additional Features

  • Balcony
  • 6,052 Sq Ft Lot

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5536-001-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,632

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3504
  • Lot Acreage: 0.1389
  • Probate: No
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Disposal: 4
  • Number Range: 4
  • Number Refrigerator: 4
  • Flooring: Laminate, Carpet
  • Bedrooms: 8
  • Kitchen Features: Granite Counters
  • Laundry: Outside
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Equipment: Garbage Disposal, Range/Oven, Microwave
  • Price Per S Q F T: 399.54

Exterior Features

  • Construction: Stucco
  • Other Features: Balcony
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • View: Yes

Garage/Parking

  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Carport, Gated
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Number Water Meters: 4
  • Security: Automatic Gate, Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer: In Street Paid
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: 5536-001-007
  • Lot Description: Curbs, Sidewalks, Street Paved
  • Lot Size Area: 6052

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.84
  • Number Of Units: 4
  • Total Annual Expense: 28133
  • Type Of Units: Residential
  • Vacancy Rate: none

Tax Info

  • Private Transfer Taxes: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2020
Closed on
Feb 8, 2021
Sold by
Ye Jian Jim
Bought by
Ye Jian Jim
Seller's Agent
Kristin Hamm
Rodeo Realty
Buyer's Agent
Paris Coleman Smalls
Coleman Realty
List Price
$1,400,000
Sold Price
$1,420,000
Premium/Discount to List
$20,000
1.43%
Current Estimated Value
$1,658,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,333
Avg. Annual Appreciation
3.57%
Original Mortgage
$1,471,120
Interest Rate
2.8%
Mortgage Type
VA

Purchase Details

Closed on
Dec 16, 2020
Sold by
Ye Jian Jim
Bought by
Gaines Sandy and Gaines Julienne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,471,120
Interest Rate
2.8%
Mortgage Type
VA

Purchase Details

Listed on
May 8, 2017
Closed on
Aug 9, 2017
Sold by
5722 Fountain Ave Llc
Bought by
Ye Jian Jim
Seller's Agent
Thomas Lee
Prime Properties & Associates
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,295,000
Sold Price
$1,240,000
Premium/Discount to List
-$55,000
-4.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.70%
Original Mortgage
$744,000
Interest Rate
4.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 21, 2013
Sold by
Moon Myungsun Jim
Bought by
5722 Fountain Ave Llc

Purchase Details

Closed on
Apr 16, 2013
Sold by
Moon Myungsun Jim and Moon Myungsun
Bought by
Moon Myungsun Jim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 5, 2012
Sold by
Moon Myungsun Jim
Bought by
5722 Fountain Ave Llc

Purchase Details

Closed on
May 20, 2009
Sold by
Aurora Loan Services Llc
Bought by
Moon Myungsun Jim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,750
Interest Rate
4.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 19, 2009
Sold by
Hamrick Hayward Russell
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Oct 6, 2005
Sold by
Martinez Alex
Bought by
Hamrick Hayward Russell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$742,500
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 2003
Sold by
Armendariz Matthew M
Bought by
Martinez Alex

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,800
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2001
Sold by
Vera Maria Isabel and Contreras Alejandra Martinez
Bought by
Armendariz Matthew M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,445
Interest Rate
7.14%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 16, 2001
Sold by
Armendariz Stacey
Bought by
Armendariz Matthew M

Purchase Details

Closed on
Apr 4, 2001
Sold by
Becerra Catarina
Bought by
Vera Maria Isabel and Contreras Alejandra Martinez

Purchase Details

Closed on
Apr 30, 1996
Sold by
Trtryan Karapet and Khostegyan Harutyan
Bought by
Contreras Alejandra Martinez and Vera Maria Isabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,223
Interest Rate
8.33%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Ye Jian Jim -- None Available
Gaines Sandy $1,420,000 Progressive Title Company
Ye Jian Jim $1,240,000 Provident Title Company
5722 Fountain Ave Llc -- None Available
Moon Myungsun Jim -- Provident Title
5722 Fountain Ave Llc -- None Available
Moon Myungsun Jim $585,000 Lsi Title Agency Inc
Moon Myungsun Jim -- Lsi Title Agency Inc
Aurora Loan Services Llc $616,000 None Available
Hamrick Hayward Russell $990,000 --
Martinez Alex $419,000 Old Republic
Armendariz Matthew M $175,000 American Title Co
Armendariz Matthew M -- American Title
Vera Maria Isabel -- American Title Co
Contreras Alejandra Martinez $146,500 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaines Sandy $84,080
Previous Owner Gaines Sandy $1,471,120
Previous Owner Ye Jian Jim $744,000
Previous Owner Moon Myungsun Jim $430,000
Previous Owner Moon Myungsun Jim $436,000
Previous Owner Moon Myungsun Jim $438,750
Previous Owner Hamrick Hayward Russell $742,500
Previous Owner Martinez Alex $753,750
Previous Owner Martinez Alex $100,000
Previous Owner Martinez Alex $332,800
Previous Owner Armendariz Matthew M $223,445
Previous Owner Contreras Alejandra Martinez $143,505
Previous Owner Contreras Alejandra Martinez $144,223
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2021 04/02/21 Sold $1,420,000 0.0% $405 / Sq Ft
01/16/2021 01/16/21 Off Market $1,420,000 -- --
12/09/2020 12/09/20 Pending -- -- --
12/08/2020 12/08/20 Pending -- -- --
10/29/2020 10/29/20 For Sale $1,400,000 0.0% $400 / Sq Ft
10/02/2020 10/02/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $1,400,000 +12.9% $400 / Sq Ft
09/01/2017 09/01/17 Sold $1,240,000 -4.2% $354 / Sq Ft
07/04/2017 07/04/17 Pending -- -- --
05/08/2017 05/08/17 For Sale $1,295,000 -- $370 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,632 $1,537,051 $1,298,917 $238,134
2024 $18,632 $1,506,914 $1,273,449 $233,465
2023 $18,277 $1,477,368 $1,248,480 $228,888
2022 $17,436 $1,448,400 $1,224,000 $224,400
2021 $15,843 $1,303,460 $988,107 $315,353
2020 $16,004 $1,290,096 $977,976 $312,120
2019 $15,373 $1,264,800 $958,800 $306,000
2018 $15,252 $1,240,000 $940,000 $300,000
2016 $7,953 $636,372 $435,128 $201,244
2015 $7,840 $626,814 $428,592 $198,222
2014 $7,890 $614,537 $420,197 $194,340
Source: Public Records

Agents Affiliated with this Home

  • Kristin Hamm

    Seller's Agent in 2021

    Kristin Hamm

    Rodeo Realty

    (310) 871-4537

    1 in this area

    12 Total Sales

    Kristin Hamm
    Section Image

  • P

    Seller Co-Listing Agent in 2021

    Phyllis Lu

    Titan One Real Estate

    (626) 229-2268

    1 in this area

    39 Total Sales

    Phyllis Lu
    Section Image
  • Paris Coleman Smalls

    Buyer's Agent in 2021

    Paris Coleman Smalls

    Coleman Realty

    (310) 245-9508

    1 in this area

    6 Total Sales

    Paris Coleman Smalls
    Section Image

  • T

    Seller's Agent in 2017

    Thomas Lee

    Prime Properties & Associates

    (213) 703-2300

    21 Total Sales

    Thomas Lee
    Section Image

  • S

    Buyer's Agent in 2017

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 20-629242

The MLS

APN: 5536-001-007

California Los Angeles County Los Angeles 90028 Hollywood

5722 Fountain Ave, Los Angeles, CA

This home is located at 5722 Fountain Ave, Los Angeles, CA 90028 since 08 September 2020 and is currently estimated at $1,658,333, approximately $473 per square foot. This property was built in 1922. 5722 Fountain Ave is a home located in Los Angeles County with nearby schools including Joseph Le Conte Middle School, STEM Academy at Bernstein High, and Helen Bernstein High School.

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