5061 Fountain AvenueLos Angeles, CA 90029

Single Family · 2 Beds · 1 Full Bath · 1,120 Sq. ft. | 0.07 Acres
$988,000 Active

5061 Fountain Avenue Overview

Time on Site:
134 days
Visits:
0

PRICE REDUCED AND THE OWNER MAY CARRY THE LOAN!! THIS HOME WOULD BE PERFECT FOR YOUR FAMILY OR TO HAVE AN IN-TOWN HOME - AND DID YOU KNOW THAT YOU CAN ALSO SELL BAKERY ITEMS LIKE CAKES OR DONUTS OR ANY OF YOUR MAGICAL TREATS ON THIS ACTIVE LOCATION - FOUNTAIN AVEUE - 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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5061 Fountain Avenue Facts & Features

  • Type Single Family
  • Sq. ft. 1,120
  • Price/Sq.ft. $882
  • Lot 0.07 Acres

Details

General

Association/HOA

  • Association Amenities: Gated

Building Information

  • Year Built: 1920

Location/Region

  • Country: US
  • County Or Parish: Los Angeles

Community/Development

  • Number Of Units In Community: 1

General Information

  • Parcel Number: 5543027011
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Zoning: LAR3

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Partial: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 2

Building Interior

  • Building Area Total: 1120
  • Building Area Units: Square Feet

General Information

  • Fireplace Features: None
  • Fireplace: false
  • Flooring: Wood
  • Foundation Details: Raised
  • Interior Features: Office,Workshop
  • Laundry Features: Inside
  • Levels: One Story
  • Living Area: 1120
  • Living Area Units: Square Feet
  • Security Features: Window Bars
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Other
  • Parking Total: 1

Lot Information

  • Lot Features: Back Yard
  • Lot Size Square Feet: 3257
  • Lot Size Units: Acres

Waterfront/View

    Building Exterior/Construction

    • Architectural Style: Contemporary
    • Attached Garage: false
    • Construction Materials: Stucco

    General Information

    • Carport: false
    • Exterior Features: Back Yard,Front Yard,Other
    • Pool Features: None
    • Pool Private: false

    5061 Fountain Avenue Neighborhood

    Community

    90029 (Los Angeles) Demographics

    36
    Median Age
    26,529
    Population Density (per sq. mile)
    39%
    College Educated
    $45,004
    Estimated Median Income
    1,442
    Estimated Total Home Owners
    12,185
    Estimated Total Renters
    11% / 89%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    5061 Fountain Avenue Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    5061 Fountain Avenue Market Data

    Based on the last 30 days in this zip code

    $1,304,168
    Average List Price
    $759
    Average Price per Square Foot
    4
    Properties Sold
    81
    Average Days on Market
    95
    Properties for Sale
    Calculations provided by Reliance Network

    5061 Fountain Avenue History

    Date Event Value Agent
    6/6/2026Source: bridgeMLS Price Reduction
    $988,000 -0.7%
    6/6/2026Source: CRMLS Price Reduction
    $988,000 -0.7%
    3/30/2026Source: bridgeMLS Price Reduction
    $995,000 -9.5%
    3/30/2026Source: CRMLS Price Reduction
    $995,000 -9.5%
    3/17/2026Source: bridgeMLS Price Reduction
    $1,100,000 -8.3%
    3/17/2026Source: CRMLS Price Reduction
    $1,100,000 -8.3%
    3/11/2026Source: bridgeMLS Price Reduction
    $1,200,000 -5.9%
    3/11/2026Source: CRMLS Price Reduction
    $1,200,000 -5.9%
    2/27/2026Source: bridgeMLS Price Reduction
    $1,275,000 -1.5%
    2/27/2026Source: CRMLS Price Reduction
    $1,275,000 -1.5%
    2/20/2026Source: bridgeMLS Price Reduction
    $1,295,000 -3.7%
    2/20/2026Source: CRMLS Price Reduction
    $1,295,000 -3.7%
    2/16/2026Source: bridgeMLS Added to Database
    February 16, 2026
    2/14/2026Source: CRMLS Added to Database
    February 14, 2026
    Listing provided courtesy of Bruce Jay Associates- MLS# CL26651903MLS Provider