5061 Fountain Ave, Los Angeles, CA, 90029
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
Walker's Paradise
Good Transit
Very BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,803 | $57,636 |
| Home Insurance * | $169 | $2,028 |
| Property Taxes | $961 | $11,532 |
| Electricity | $398 | $4,786 |
| Total | $6,331 | $75,972 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-30 | Price change | $995,000 |
| 2026-03-18 | Price change | $1,100,000 |
| 2026-03-11 | Price change | $1,200,000 |
| 2026-02-27 | Price change | $1,275,000 |
| 2026-02-20 | Price change | $1,295,000 |
| 2026-02-15 | Listed for sale | $1,345,000 |
| 2024-04-09 | Sold | $535,000 |
| 1995-08-04 | Sold | $85,000 |
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