5657 Fountain Avenue, Los Angeles, California 90028, Los Angeles, 90028 - 3 bed, 2 bath
5657 Fountain Avenue
Los Angeles, California 90028
Property Price
SUMMARY
Analysis of 5657 Fountain Avenue, Los Angeles, California 90028 reveals a Fairly Priced Property with a current list price of $1,799,000 aligned with the estimated $1,799,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1918, this property is over 100 years old. The listing description and property analysis explicitly state that the existing structure 'likely requires extensive renovation or demolition' and that its value is primarily in the land for redevelopment. The complete absence of interior images, especially of the kitchen and bathrooms, strongly suggests these areas are in very poor, unpresentable, or original condition, consistent with a property whose structure is considered beyond repair for modern living without significant investment.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7511, living area = 1376.
- Development Potential
The large lot (7511 sqft) offers significant development potential, allowing investors to build up to 10 primary units or luxury apartments, making it an ideal income-generating property.
- Prime Hollywood Location
Situated in a prime Hollywood location, the property is conveniently near malls, shops, and restaurants, enhancing its desirability and future rental/resale value.
CONSRISKS & DEFICIENCIES
- Age of Existing Structure
Built in 1918, the current 3-bedroom, 2-bathroom house is very old and likely requires extensive renovation or demolition to realize the property's full development potential.
- High Entry Price for Redevelopment
The list price of $1.799 million is a substantial initial investment, primarily reflecting land value and development rights, which may limit the pool of potential investors capable of undertaking such a project.
- Limited Appeal to Non-Developers
The property's primary value proposition is its redevelopment potential, making it less attractive to buyers seeking a traditional, move-in ready single-family home without significant additional investment.
About 5657 Fountain Avenue
A PRIME INVESTMENT OPPORTUNITY!!! THIS IS TRULY INVESTORS DREAM TO MAKE THIS PLACE INCOME GENERATING PROPERTY.THIS CHARMING 3 BD 2 BATH HOUSE SEATS ON A LARGE SIZE LOT WHERE THE INVESTORS CAN BUILD UP TO 10 PRIMARY UNITS, OR LUXURY APARTMENTS. THE NEIGHBORHOOD CONTINUES TO ATTRACT INVESTORS WITH NEARBY PROJECTS AND IT'S MULTIFAMILY AND MIXED - USE DEVELOPMENTS. THIS LOT OFFERS A HUGE DRIVEWAY, A TON OF PRIVACY AND MANY PARKING SPACES. IT HAS SPACIOUS FRONT YARD AND HUGE BACKYARD WHERE YOU CAN PARK MULTIPLE CARS. IT IS LOCATED IN A PRIME LOCATION IN HOLLYWOOD NEAR MALLS, SHOPS AND RESTAURANTS.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1918
- Lot Size
- 7,511 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,376 | 1,506 | 29% |
| Lot Size | 7,511 | 2,485 | 86% |
| Price | $1.80M | $1.23M | 86% |
| Price per sq ft | $1.3K | $691 | 86% |
| Built year | 1918 | 1922 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 171 | 164 | 71% |
Pricing History
Listed for Sale
Sep 16, 2025
$1,799,000
Initial Listing
Sold
Oct 1, 2012
$250,000
Public Record
Sold
Aug 8, 2011
$235,000
Public Record
Sold
May 6, 2005
$542,000
Public Record