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5061 Fountain Ave, Los Angeles, CA, 90029

2beds
1baths
1,120sqft
$995,000
$888price/sqft
$6,613/moest. monthly cost
$264,520/yrincome needed

About This Home

HUGE PRICE REDUCTION - OWNER MAY CARRY A SMALL 2ND TRUST DEED BALANCE!! THIS HOME WOULD BE PERFECT TO SELL BAKERY ITEMS LIKE CAKES OR DONUTS OR ANY OF YOUR MAGICAL TREATS, PER THE CITY (you can check the details with the City)!!! SOOOOO, 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!! Seller may consider carrying, subject to Installment Sale terms.

Getting Around

92
WalkingWalker's Paradise
69
TransitGood Transit
73
BikeVery Bikeable

Schools

7/10
Ramona Elementary SchoolGrades K-50.3 mi
3/10
3/10

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Raised
  • Roof: Composition
  • Construction materials: Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Wood
  • Fireplace features: None

Heating & Cooling

  • Heating features: Wall
  • Cooling features: None

Interior Area

  • Total structure area: 1,120
  • Total interior livable area: 1,120 sqft

Property

Details

  • Parcel number: 5543027011
  • Zoning: LAR3
  • Special condition: Standard
  • Other equipment: None

Features

  • Levels: One
  • Entry location: Living Room
  • Pool features: None
  • Spa features: None
  • Fencing: Wrought Iron,Fenced Yard,Fenced
  • Has view: Yes
  • View description: City Lights,Tree Top

Lot

  • Lot size: 3,258 sqft
  • Features: Back Yard,Front Yard,Curbs,Rectangular Lot,Lot-Level/Flat,Redevelopment Area,Yard,Sidewalks,Single Lot,Street Lighting,Value In Land,City Lot,Near Public Transit
  • Lot size dimensions: 56 x 58

Parking

  • Total spaces: 1
  • Parking features: Carport
  • Has uncovered spaces: Yes
  • Uncovered spaces: 1
  • Carport: Yes