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5072 Fountain Avenue

5072 Fountain Avenue, Los Angeles, CA 90029
Multifamily in Little Armenia
1 Units For Sale
Unit for sale at 5072 Fountain Avenue, Los Angeles, CA 90029

$2,600,000

  • 2 Beds
  • 1.5 Baths
  • 5,208 ft²
5072 Fountain Avenue, Los Angeles, CA 90029 Listing by Kristine Colmenar Delgado

5072 Fountain Avenue has been categorized by the local assessors in Los Angeles, CA as a residential type of property. The building on the property was first built in 1921 and is 103 years old. The home has a total of 8 bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. In addition, 5072 Fountain Avenue has 5,208 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 8,115 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a quadplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The inside of the home is being cooled with air conditioning at the moment. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $2,590 in taxes per year. The property on 5072 Fountain Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $146,509. To break that down further, the land itself was valued at $102,120. While improvements to the property were assessed at a total of $44,389. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220913
09/13/2022
Studio
-
5208 ft²
$2,850,000
bedrooms
Studio
bathrooms
-
square feet
5208 ft²
-
-
-
Kristine Colmenar Delgado
RE/MAX MASTERS REALTY

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Quadplex
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,115
  • Total Building Area: 5,208
  • Gross Building Area: 5,208
  • Building Area: 5,208
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 5,208
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MORTIMERS EAST HOLLYWOOD VIEW TRACT
  • Land Acres: 0.186
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: MORTIMERS EAST HOLLYWOOD VIEW TRACT W 80 FT OF LOT 1 MEASURED ON S LINE OF LOT 1 AND W 80 FT OF LOT/SEC 2

Ownership

  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Oct 03, 2023

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 191204

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 34-E4
  • Subdivision Tract Number: W
  • Parcel: 5540-001-001
  • Lot: 1
  • Municipality: EAST /LA ECHO PARK
  • Latitude: 34.095
  • Longitude: -118.3

    Address

  • Full Address: 5072 Fountain Ave
  • Address - House Number: 5072
  • Address - Street Name: Fountain
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C052
  • 4-Digit Zip Code: 1422
  • Zip Code: 90029

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,590
  • Tax Rate Code Area: 00-013

    Appraisal Valuation

  • Standard Deviation: 0.0676
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 96
  • Final Value: 2,519,684
  • High Value: 2,690,229
  • Low Value: 2,349,140

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $146,509
  • Assessed Land Value: $102,120
  • Assessed Improvements Value: $44,389

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Frequently Asked Questions

What neighborhood is 5072 Fountain Avenue located in?
The 5072 Fountain Avenue is a multifamily located in the neighborhood of Little Armenia in Central LA, Los Angeles.
How many listings are currently for sale in 5072 Fountain Avenue?
There is one unit for sale right now.
What is the average sales price for listings in 5072 Fountain Avenue?
The average sales price for units in 5072 Fountain Avenue is $2,600,000 , or $499/sqft. currently.

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