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5347 Fountain Avenue

5347 Fountain Avenue, Los Angeles, CA 90029
Multifamily in Little Armenia
5347 Fountain Avenue in Los Angeles, CA was first built in 1920 and is 104 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. It is a single story home. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 5347 Fountain Avenue has 1,265 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 2,868 square feet.

Learn more about the property and building on this page. The building type has been coded as 4. The code stands for buildings that have wood or wood and steel frames.. The home has a flat style roof made of roll composition. For those who need parking, there is a garage. The garage is 220 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5347 Fountain Avenue was last sold in Feb 28, 2022 for $885,000. According to our calculations, that's $699.60 per sqft. Prior to that sales transaction, the property was sold for $645,000 in Mar 18, 2019. Current property owners are expected to pay $8,194 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2018. The property on 5347 Fountain Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $902,700. To break that down further, the land itself was valued at $698,700. While improvements to the property were assessed at a total of $204,000. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Driveway

Driveway

Parking

Gated Parking
Tandem Parking
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220126
01/26/2022
Studio
-
-
$864,000
bedrooms
Studio
bathrooms
-
-
-
-
Christopher Dawes
Compass
20200809
08/09/2020
Studio
-
-
$875,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Duplex
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Roll composition
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 220
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,868
  • Total Building Area: 1,265
  • Gross Building Area: 1,265
  • Building Area: 1,265
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,265
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Wood &/or steel frames
  • Property Class: Residential
  • Subdivision: MORTIMERS GATEWAY TRACT
  • Land Acres: 0.066
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: MORTIMERS GATEWAY TRACT LOT COM AT SE COR OF LOT 59 TH S 87 42 W 40 FT TH N 2 18 W 70.23 FT TH S 89 58 E TO NE COR OF SD LOT TH S 0 1030 E 68.54 FT TO BEG PART OF LOT/SEC 59

Ownership

  • Current Owner : LEE DANIEL
  • Previous Owner : ELISABETH SCHATTAUER
  • Owner Before Previous Owner: THE LEVINE TRUST
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 191110

Zoning

  • Zoning: LAR4

Geography

  • Assessors Map Reference: 34-E4
  • Parcel: 5544-033-004
  • Lot: 59
  • Municipality: EAST /LA ECHO PARK
  • Latitude: 34.0952
  • Longitude: -118.306

    Address

  • Full Address: 5347 Fountain Ave
  • Address - House Number: 5347
  • Address - Street Name: Fountain
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C045
  • 4-Digit Zip Code: 1013
  • Zip Code: 90029

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,194
  • Intital Tax Deliquent Year: 2018
  • Tax Rate Code Area: 00-201

    Appraisal Valuation

  • Standard Deviation: 0.0677
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 96
  • Final Value: 859,448
  • High Value: 917,677
  • Low Value: 801,219

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $663,750
  • First Open Lien Mortgage Lender: NEW WAVE LENDING GROUP INC
  • First Open Lien Mortgage Recording Date: Mar 04, 2022
  • First Open Lien Mortgage Loan Amount: $663,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $902,700
  • Assessed Land Value: $698,700
  • Assessed Improvements Value: $204,000

    Sales

  • Current Sale Contract Date: Feb 28, 2022
  • Current Sale Recording Date: Mar 04, 2022
  • Current Sale Transaction ID: 11880468024
  • Current Sale Price: $885,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 253412
  • Previous Sale Recording Date: Apr 30, 2019
  • Previous Sale Contract Date: Mar 18, 2019
  • Previous Sale Amount: $645,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEW WAVE LENDING GROUP INC
  • First Mortgage Transaction Date: Mar 04, 2022
  • First Mortgage Loan Amount: $663,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • Previous Mortgage Transaction Date: Apr 30, 2019
  • Previous Mortgage Loan Amount: $516,000
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2049

About Central LA



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Frequently Asked Questions

What neighborhood is 5347 Fountain Avenue located in?
The 5347 Fountain Avenue is a multifamily located in the neighborhood of Little Armenia in Central LA, Los Angeles.
What is the average sales price for listings in 5347 Fountain Avenue?
The average sales price for units in 5347 Fountain Avenue is $0 currently.

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