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5-Unit Apartment Building
New
For Sale
$2,500,000

5253 Fountain Ave, Los Angeles, CA 90029

Recently updated multifamily property with varied unit layouts, refreshed interiors, and convenient access to shops, dining, and transit.

Property Size3,042 SF
Price / SF$821.83
Days on Market4

Property Features for 5253 Fountain Ave

General Information

Standard status Active
Size 3,042 SF
Total Parking Spaces 8
Property subtype Investment

Units

Unit Mix 2 x 3BR/1BA, 1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 5

Additional Details

Public Transit Yes

Building Details

Building Size 3,042 SF
Year Built 1919
Stories 1
Units 5
Listing Agency: JohnHart Real Estate
Listed By: Charlie Kachian · License #01987652
Source: Elliman
Added: Aug 21 Changed: Aug 22 Last Checked: Aug 24 at 8:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JohnHart Real Estate

Investment Insights

Based on property information with market context.

This 5-unit apartment building contains 3,042 square feet and eight uncovered parking spaces. The unit mix includes two three-bedroom/one-bath residences, one two-bedroom/one-bath residence, and two one-bedroom/one-bath residences. All units were upgraded approximately four months ago, with refreshed flooring, bright kitchens featuring white cabinetry and modern hardware, and ceiling fans. The property was built in 1919.

Located at 5253 Fountain Ave in Los Angeles, the property is near shops, dining, entertainment, and major Los Angeles destinations. Its walk score is 89, with a bike score of 70 and a transit score of 67, providing multiple transportation options within the surrounding area.

Key Highlights

  • 5‑unit property totaling 3,042 square feet
  • Unit mix includes 2 three‑bedroom/1‑bath, 1 two‑bedroom/1‑bath, and 2 one‑bedroom/1‑bath units
  • All units upgraded approximately four months ago

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Tanning Salon Veterinary Clinic (Bike/Boat/Book/etc) Store Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

5,366
Businesses Nearby

Demographics for 90029, CA

34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Recently updated multifamily property with varied unit layouts, refreshed interiors, and convenient access to shops, dining, and transit.
Where is this apartment building located?
The property is located at 5253 Fountain Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 5‑unit property totaling 3,042 square feet; Unit mix includes 2 three‑bedroom/1‑bath, 1 two‑bedroom/1‑bath, and 2 one‑bedroom/1‑bath units; All units upgraded approximately four months ago
More about this property
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