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Property profile & analytics
OFF-MARKET
Apartment buildings
5662 Fountain Ave Los Angeles, CA 90028-8539
Individually Owned
~
Est. High Equity
Property ID
US09-6866949
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1953
Construction
WOOD
Total area
6,020 SF
Lot
0.17 ac (7,500 SF)
Zoning code
LAR3
APN
5536-002-021
UPID
US09-6866949
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hovakim Baboudjian
Hovakim Baboudjian
since 2025
7 recorded transactions
Zoning & alternative use
LAR3 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$15,039
Tax year 2024
Assessed value
$1,153,259
Assessed 2024
Previous assessed
$1,153,259
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$691,830
Assessed improvement
$461,429
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
NONE
Cooling
YES
Units
8
Bathrooms
8
Total area
6,020 SF
Lot
0.17 ac (7,500 SF)
Zoning code
LAR3
APN
5536-002-021
UPID
US09-6866949
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Los Angeles, CA
Zoning LAR3 · permitted uses
LAR3 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
8
Bathrooms
8
Lot
0.17 ac
Current owner
From public records · entity-resolved
Hovakim Baboudjian
Individual
Mailing address
PO BOX 9333, GLENDALE, CA 91226-0333
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
—
Hovakim Baboudjian
Baboudjian Martirosyan 5662 Fountai
Deed
related
$1,025,000 · Jpmorgan Chase Bank NA
Jan 3, 2019
—
Baboudjian Martirosyan 5662 Fountai
—
Deed
related
$1,100,000 · Luther Burbank Savings
Aug 13, 2013
—
Baboudjian Martisyan 5662 Fountain
Hovakim Baboudjian
Grant Deed
$900,000 · Jpmorgan Chase Bank NA
May 12, 2010
—
Hovakim Baboudjian
Baboudjian,hovakim & Aida
Quit Claim Deed
related
—
Apr 13, 2010
$900,000
Hovakim Baboudjian
Chavez,jose & Amparo
Grant Deed
$585,000 · East West Bank
Nov 19, 2002
—
Jose Chavez
Chavez,j
Quit Claim Deed
related
—
Nov 13, 2002
$590,000
Jose Chaves
Mabunay,princesita R
Grant Deed
$413,000 · East West Bank
Jun 13, 2001
—
Princesita R Mabunay
Argente,g A
Quit Claim Deed
related
—
Jun 13, 2001
$30,500
Princesita R Mabunay
Kang,yoo S
Grant Deed
—
Mar 30, 1994
—
Yoo S Kang
Kang,j O
Quit Claim Deed
related
—
Dec 29, 1989
—
Yoo S Kang
Kang Yoo S&jung
Quit Claim Deed
related
—
Oct 20, 1989
$510,000
Fountain Exchang
Dilberian Makrou
Trustees Deed
$306,000 · Western Federal Savings & Loan
—
—
Jose Chavez
—
Deed Of Trust
related
$570,000 · East West Bank
—
—
Yoo S Kang
—
Deed Of Trust
related
$60,000 · Inland Home Mortgage Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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