5253 Fountain Avenue, Los Angeles, California 90029, Los Angeles, 90029 - 0 bed, 0 bath
Loading property details...
5253 Fountain Avenue
Los Angeles, California 90029
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
3,042Sq Ft
10,171Lot Size
Property Price
LIST PRICE$2,500,000
SUMMARY
Analysis of 5253 Fountain Avenue, Los Angeles, California 90029 is currently available with a list price of $2,500,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1919, the property underwent a comprehensive interior renovation just four months ago. The units feature brand-new flooring, modern kitchens with white shaker cabinetry and quartz countertops, and updated fixtures. The presence of ceiling vents suggests updated HVAC systems, and the overall condition is mint and move-in ready, meeting the criteria for a recent renovation under 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Modern Upgrades
All units were refreshed approximately four months ago with updated flooring, modern white cabinetry, and new hardware, providing a turnkey opportunity that minimizes immediate capital expenditure for a new owner.
- Exceptional Parking Ratio
The property includes eight uncovered parking spaces, a rare and highly desirable feature for a multi-unit building in a dense Los Angeles neighborhood, significantly increasing its rental appeal and value.
- Versatile Unit Mix
The building offers a diverse mix of two 3-bedroom, one 2-bedroom, and two 1-bedroom units, allowing an investor to capture various segments of the rental market and stabilize the income stream.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1919, the property is over a century old, which may lead to higher long-term maintenance costs for aging plumbing, electrical, and structural systems not addressed by recent cosmetic upgrades.
- Limited Bathroom Count
All units, including the larger three-bedroom configurations, feature only one bathroom, which may limit the maximum rental potential and appeal for families or roommate-based households.
About 5253 Fountain Avenue
Rare opportunity to own a well-maintained 5-unit income property in the heart of Los Angeles! The property offers a total of 3,042 square feet, 8 uncovered parking spaces, and an attractive unit mix consisting of 2 three-bedroom/1-bath units, 1 two-bedroom/1-bath unit, and 2 one-bedroom/1-bath units. All units were upgraded approximately four months ago and feature refreshed interiors, updated flooring, bright kitchens with white cabinetry, modern hardware, and ceiling fans. The property offers a functional layout with ample parking and strong rental potential. Ideally located near shops, dining, entertainment, and major Los Angeles destinations, this is an excellent opportunity for an investor seeking a recently upgraded multi-unit property in a desirable Los Angeles location.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1919
- Lot Size
- 10,171 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Kingsley Elementary School
Grades K-5 • 0.3 mi
5/10
Ramona Elementary School
Grades K-6 • 0.4 mi
3/10
Grant Elementary School
Grades K-6 • 0.6 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,042 | 2,187.451 |
| Lot Size | 10,171 | 5,841.385 |
| Price | $2.50M | $841.5K |
| Price per sq ft | $822 | $385 |
| Built year | 1919 | 1928 |
| HOA | $0 | $0 |
| Days on market | 20 | 85 |
Pricing History
Listed for Sale
Aug 20, 2026
$2,500,000
Initial Listing
Sold
Jan 29, 2019
$1,350,000
Public Record
Sold
Oct 3, 2000
$245,000
Public Record