5061 Fountain Avenue, Los Angeles, California 90029, Los Angeles, 90029 - 2 bed, 1 bath
5061 Fountain Avenue
Los Angeles, California 90029
Property Price
SUMMARY
Analysis of 5061 Fountain Avenue, Los Angeles, California 90029 reveals a property with a current list price of $1,275,000, which is 27% above the estimated $997,421 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5061 Fountain Avenue Subject | $1,275,000* List Price | 2 | 1 | 1,120 | $891 | - |
A 962 N Hoover Street Sold | $1,167,000 | 3 | 2 | 1,434 | $814 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1920, this property is marketed as a restoration project requiring significant 'love and affection' to bring back its original charm. The listing description lacks any mention of modern updates to the kitchen, bathrooms, or major systems (HVAC/Electrical), and the flowery language suggests substantial deferred maintenance. While the structure retains historic architectural features like fluted pillars, it requires a full rehabilitation to meet modern living standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Hollywood Location
Situated within walking distance of Sunset Boulevard and major transit lines, this property offers exceptional access to world-famous entertainment, dining, and urban amenities in a highly sought-after area.
- Historic Architectural Character
Built in 1920, the home features unique 'Roaring Twenties' details like fluted pillars and vintage charm, providing a rare opportunity for a high-value restoration project with significant upside potential.
- Versatile Bonus Space
The property includes a converted garage ideal for a home office or studio, along with iron-gated front and rear yards that offer secure, low-maintenance outdoor space for pets and gatherings.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Needed
The property is marketed as needing significant 'love and affection,' implying that substantial additional investment will be required to modernize the systems and finishes.
- Limited Bed and Bath Count
With only two bedrooms and a single bathroom, the current configuration may be restrictive for families or buyers looking for more competitive utility at this price point.
About 5061 Fountain Avenue
SELL GOODS OR BAKERY ITEMS LIKE CAKES OR DONUTS OR ANY OF YOUR MAGICAL TREATS! YOU CAN OPEN YOUR BUSINESS ON BUSY FOUNTAIN AVENUE! THIS IS THE MOST AFFORDABLE HOME EVER FOR YOU AND YOUR BUSINESS! BUILT WITH 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!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 3,257 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Ramona Elementary School
Grades K-6 • 0.3 mi
Kingsley Elementary School
Grades K-5 • 0.3 mi
Los Feliz STEMM Magnet
Grades K-6 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 27% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 1,120 | 1,545 | 13% |
| Lot Size | 3,257 | 5,588 | 40% |
| Price | $1.27M | $1.16M | 60% |
| Price per sq ft | $1.1K | $714 | 87% |
| Built year | 1920 | 1918 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 171 | 7% |
Pricing History
Listed for Sale
Feb 28, 2026
$1,275,000
$1,295,000
-2% Price Drop
Initial Listing
Price Change
Feb 21, 2026
$1,295,000
$1,345,000
-4% Price Drop
Initial Listing
Price Change
Feb 13, 2026
$1,345,000
Initial Listing
Sold
Apr 9, 2024
$535,000
Public Record
Sold
Aug 4, 1995
$85,000
Public Record