5061 Fountain Avenue, Los Angeles, CA 90029
5061 Fountain Avenue, Los Angeles, CA 90029
Property Description
GREAT PRICE!!! JUST REDUCED TO THE WIRE!!! - CUTE & COZY AND GREAT EASY ACCESS LOCATION! HUGE PRICE REDUCTION! WE WERE TOLD THAT THIS HOME WOULD BE A PERFECT INVESTMENT AS AN AIR b&b RENTAL, OR FOR YOUR OWN USE AS A SECOND IN-TOWN HOME. WE WERE TOLD THAT YOU CAN ALSO SELL FOOD & BAKERY ITEMS LIKE CAKES OR DONUTS OR ANY OF YOUR MAGICAL TREATS AT THIS ACTIVE LOCATION - FOUNTAIN AVEUE WITH A FRONT YARD FOR TABLES, CHAIRS, AND UMBRELLAS! - APPROVABLE BY THE CITY (you can check the details with the City)! YOU CAN OPEN YOUR BUSINESS ON BUSY FOUNTAIN AVENUE! THIS IS THE MOST AFFORDABLE HOME EVER FOR YOU AND YOUR BUSINESS! BUILT WITH PRE-DEPRESSION 1920's INTEGRITY! NOTE THIS IMPORTANT MESSAGE: It is Entirely Legal in Los Angeles to sell goods or bakery on an R-1 lot, provided that vendors comply with the Sidewalk & Park Vending Permit requirements. The Safe Sidewalk Vending Act allows for the decriminalization of sidewalk vending, but vendors must still adhere to local regulations and obtain the necessary permits. It is advisable to check with local authorities for specific rules and regulations regarding vending on R-1 lots. AND RIGHT NEXT TO THE HOME IS A PERFECT AREA FOR YOUR BAKERY CREATIONS! THIS IS A GREAT OFFER FOR YOU AND YOUR BUSINESS.......WITH A HUGE PRICE DROP! Truly an Amazing Location for this Roaring Twenties Home, a True Visit to a Remarkable Past! The Grand Entry is Adorned with Fluted Pillars on each side! This Location brings back the Music, the Charleston, the Speakeasies like The Stork Club, The Cotton Club, and More! They all existed when this Home was first built! Ohhhh, only if those walls can talk! Walking distance to Sunset Boulevard, and the Bus Line, and lots of Fun Places! There is Off-Street Parking in front of the Garage which was converted to Your Dream Room for Arts & Crafts, or a Home Gym, or a Study to write your Next Book, and so much more! And for Gatherings there is an Iron-Gated Front Yard, as well as an Easy-Care-Landscape Backyard! The Yards are Perfect for your Pets as they can Freely Explore the Yard Areas! This Home is Easy to find with an Offering Sign on property. Be sure to Grab This One, as the Price is on the Low Low Side of the Real Estate Market! And, after all, it's Hollywood, World Famous Hollywood, just like the World Famous Musso & Frank's which was open in the 1920's, a true staple on Hollywood Boulevard known for its Old-World Charm! This Home's History may somehow help many remember the 1920's Fun, the Wild Parties, and, of course, the Flappers; after all they were the Cat's Meow!! Seller may consider carrying, subject to Installment Sale terms.
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Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Los Angeles · Single Family Residence
Listed 30.1% below the median closed sale of $985,000. Price per sqft ($615) is a 29% discount to closed comps ($872). Closed comps sold at 101% of list — strong seller's market.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 3516 Montclair Street | Los Angeles | 1924 | 2 | 1 | 824 | 2,933 | $1,031 | $849,900 | 106 | 85 |
| 4267 Menlo | Los Angeles | 1926 | 2 | 1 | 858 | 2,150 | $697 | $598,000 | 10 | 83 |
| 545 Indiana | Los Angeles | 1922 | 3 | 1 | 822 | 2,753 | $760 | $625,000 | 9 | 83 |
| 155 84th Street | Los Angeles | 1923 | 2 | 1 | 832 | 5,200 | $720 | $599,000 | 204 | 81 |
| 3117 Main | Los Angeles | 1922 | 3 | 1 | 832 | 4,800 | $811 | $674,888 | 51 | 80 |
| Total: 5 · Average | 2.4 | 1.0 | 833.6 | 3,567.2 | $803.8 | $669,357.6 | 76 | |||
| Median | 832 | $625,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1308 56th Street | Los Angeles | 1923 | 10/07/2026 | 2 | 1 | 957 | 3,485 | $599,000 | $640,000 | $669 | 1.07 | 68 | 88 |
| 3517 Ellsworth Street | Los Angeles | 1931 | 10/06/2026 | 2 | 1 | 1,013 | 3,544 | $975,000 | $985,000 | $972 | 1.01 | 114 | 87 |
| 4424 Griffin Avenue | Los Angeles | 1923 | 10/07/2026 | 2 | 2 | 1,008 | 6,238 | $1.07M | $1.10M | $1,091 | 1.02 | 25 | 83 |
| 4612 Saloma Avenue | Los Angeles | 1927 | 10/08/2026 | 2 | 2 | 1,120 | 6,752 | $1.20M | $1.15M | $1,027 | 0.96 | 40 | 82 |
| 447 Avenue 37 | Los Angeles | 1922 | 10/09/2026 | 3 | 2 | 1,298 | 2,957 | $799,900 | $780,000 | $601 | 0.97 | 37 | 80 |
| Total: 5 · Average | 2.2 | 1.6 | 1,079.2 | 4,595.2 | $931,000 | $931,000 | $872 | — | 56.8 | ||||
| Median | 1,013 | $985,000 | $985,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.