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Los Angeles, CA 90028 5662 Fountain Avenue

$2,695,000

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Presented By: Jack Baboudjian with Baboudjian Properties Inc.; 626-657-7575
  • MLS# GD24010253
  • 01/17/2024
  • Request Tour
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  • BedBeds • 10
  • BathBaths • 8
  • FootageSQFT • 6,020

Home Details

The Fountain Apartments were built in 1953 and feature 8 units within the two-story complex. The property is centrally located in the heart of Hollywood, just minutes from the Netflix Headquarters in Hollywood, the Sunset Gower Studios and the endless restaurants and cafes. With a walk score of 86, the Fountain Apartments would be ideal for many of today’s renters just looking to be able to walk down the block for a cup of coffee at the nearby Starbucks. The units are spacious and the unit-mix consists of two 2 bedroom 1 bathroom units and six 1 bedroom 1 bathroom units. The units have been very well maintained and include several upgrades such as flooring and lighting. In addition, the property’s roof was just recently replaced. This is a great opportunity for an investor looking for a stable property immersed in the liveliness of Hollywood.
Presented By: Jack Baboudjian with Baboudjian Properties Inc.; 626-657-7575

Interior Features for 5662 Fountain Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 5662 Fountain Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs
CountyLos Angeles
Days on Market
DirectionsBetween Santa Monica Blvd. and Hollywood Blvd., near the corner of Wilton Pl.
Electric Expense717.0
Entry Location1st Floor
Fuel Expense63.0
Garage Spaces0.0
Garage Y/NNo
Gross Income150133.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense3486.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoExistingLoan
Lot Size Square Feet7502.0
MLS AreaC20 - Hollywood
MaintenanceExpense5000.0
MobileHomeRemainsYNNo
Net Operating Income100314.0
New ConstructionNo
Number of Units Leased8
Operating Expense49819.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameFountain
Tax Lot4
Taxes$33,687
Total Actual Rent12511.1
Total Units8
Trash Expense3290.0
View Y/NNo
Virtual TourClick here
Water Sewer Expense2485.0
Waterfront Y/NNo
Year Built1953
Year Built SourcePublicRecords
ZoningLAR3

Exterior for 5662 Fountain Avenue

Building Area Total6020.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre
Lot Size Acres0.1722
Lot Size Area7502.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,695,000
MLS#GD24010253
List Date 01/17/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors