5657 Fountain Avenue, Los Angeles, California 90028, Los Angeles, 90028 - 3 bed, 2 bath
ACTIVE$1,799,000
5657 Fountain Avenue, Los Angeles, California 90028
3Beds
2Baths
1,376Sqft
7,511Lot
Year Built
1918
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$1,307
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2509112
Home ConditionTear down
Features
ViewCity Lights,Neighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $1.80M(83th), sqft - 1376(17th), beds - 3(50th), baths - 2(33th).
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.
Price History
Date
Event
Price
09/16/25
Listing
$1,799,000
10/01/12
Sold
$250,000
08/08/11
Sold
$235,000
05/06/05
Sold
$542,000
Condition Rating
Tear down
Built in 1918, this property is over 100 years old. The listing description explicitly markets it as an 'investment opportunity' to 'build up to 10 primary units, or luxury apartments,' indicating the value lies in the land and redevelopment potential, not the existing structure. Crucially, there are no interior photos provided, which strongly suggests the interior (including kitchen and bathrooms) is in very poor, unpresentable, or unlivable condition, consistent with a property that has had no major renovations in decades. The exterior also shows signs of age, with window AC units visible, further supporting the assessment that the structure is likely beyond practical repair for modern living standards and is intended for demolition.
Pros & Cons
Pros
Significant Development Potential: The large 7511 sqft lot offers exceptional development potential, allowing for the construction of up to 10 primary units or luxury apartments, making it a prime income-generating opportunity.
Prime Hollywood Location: Located in a highly sought-after Hollywood area (C20), providing excellent proximity to malls, shops, and restaurants, and situated within a neighborhood experiencing ongoing multifamily and mixed-use developments.
Strong Investment Appeal: Explicitly marketed as a 'PRIME INVESTMENT OPPORTUNITY' and 'INVESTORS DREAM' due to its income-generating potential and the surrounding area's continued attraction for developers.
Ample Parking and Privacy: Features a huge driveway, numerous parking spaces, and spacious front and backyards, offering valuable privacy and practical convenience in a dense urban setting.
Large Lot Size: The substantial 7511 sqft lot provides the necessary footprint for significant redevelopment projects, which is a rare and valuable asset in Hollywood.
Cons
Advanced Age of Structure: Built in 1918, the existing 3-bedroom house is over a century old, likely requiring extensive renovations, system upgrades, or demolition to align with modern development plans.
Substantial Capital Investment Required: Realizing the property's full development potential (e.g., building 10 units) will necessitate significant additional capital for design, permitting, demolition, and construction beyond the initial purchase price.
Limited Current Livability/Functionality: The property description heavily emphasizes the land's development potential rather than the existing home's features, implying the current 1376 sqft structure may be outdated or not suitable for immediate modern living without considerable upgrades.