5722 Fountain Ave Los Angeles, CA 90028
Hollywood Neighborhood
8
Beds
4
Baths
3,504
Sq Ft
6,052
Sq Ft Lot
Highlights
- Gated Parking
- Views
- 4-minute walk to Seily Rodriguez Park
- STEM Academy at Bernstein High Rated A-
- Central Heating and Cooling System
About This Home
As of April 2021This beautifully renovated 4 unit income property for sale. "LA R3 Zoning in good location!!!" It has 2 separate buildings with 2 units (side-by-side) in front building and 2 units in the back (1st & 2nd floor). Upper unit has balcony with Hollywood sign view. All four units have 2 bds +1 ba in each unit in over 3,500 total building sq. ft. Tastefully updated interiors & exteriors for all four units (Laminate wood flooring in living rooms, carpet in bedrooms, new kitchen cabinets, granite counter tops, central A/C units for all 4 units, and much more). Automatic front gate for security. Well maintained clean driveway and backyard. Extra income with laundry machine (1w/1d) operated by coins. The property is located nearby Hollywood studio district, KTLA 5 broadcasting center. Rare vacancies due to high demand in this prestigious neighborhood. Upside potential in rent (current rents are below than average rental rate).
Last Agent to Sell the Property
Prime Properties & Associates License #01297873 Listed on: 05/08/2017
Last Buyer's Agent
Subscriber Non
Non-Participant Office License #13252
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,632
Year Built
- Built in 1922
Lot Details
- 6,052 Sq Ft Lot
Interior Spaces
- 3,504 Sq Ft Home
- 2-Story Property
- Property Views
Kitchen
- Oven or Range
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- 4 Parking Spaces
- Carport
- Gated Parking
Utilities
- Central Heating and Cooling System
- Sewer in Street
Community Details
- 2 Buildings
- 4 Units
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for gardener, water
- Assessor Parcel Number 5536-001-007
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,000
Avg. Annual Appreciation
5.55%
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
4.77%
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
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $1,420,000 | Progressive Title Company | |
| Grant Deed | $1,240,000 | Provident Title Company | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Provident Title | |
| Quit Claim Deed | -- | None Available | |
| Grant Deed | $585,000 | Lsi Title Agency Inc | |
| Interfamily Deed Transfer | -- | Lsi Title Agency Inc | |
| Trustee Deed | $616,000 | None Available | |
| Grant Deed | $990,000 | -- | |
| Individual Deed | $419,000 | Old Republic | |
| Individual Deed | $175,000 | American Title Co | |
| Interfamily Deed Transfer | -- | American Title | |
| Gift Deed | -- | American Title Co | |
| Grant Deed | $146,500 | Provident Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $84,080 | VA | |
| Previous Owner | $1,471,120 | VA | |
| Previous Owner | $744,000 | Commercial | |
| Previous Owner | $430,000 | Commercial | |
| Previous Owner | $436,000 | Commercial | |
| Previous Owner | $438,750 | Commercial | |
| Previous Owner | $742,500 | Purchase Money Mortgage | |
| Previous Owner | $753,750 | Commercial | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $332,800 | Purchase Money Mortgage | |
| Previous Owner | $223,445 | FHA | |
| Previous Owner | $143,505 | FHA | |
| Previous Owner | $144,223 | FHA |
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
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 |
|---|---|---|---|---|
| 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
-
Phyllis Lu
P
Seller Co-Listing Agent in 2021
Phyllis Lu
Titan One Real Estate
(626) 229-2268
1 in this area
46 Total Sales
-
Paris Coleman Smalls
Buyer's Agent in 2021
Paris Coleman Smalls
Coleman Realty
(310) 245-9508
1 in this area
6 Total Sales
-
Thomas Lee
T
Seller's Agent in 2017
Thomas Lee
Prime Properties & Associates
(213) 703-2300
20 Total Sales
-
S
Buyer's Agent in 2017
Subscriber Non
Non-Participant Office
Map
Source: The MLS
MLS Number: 17-226956
APN: 5536-001-007
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