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Fair
5749
Avenue
between oxnard and burbank
NHO - North Hollywood
LARD1.5
Listing Broker
LA Premier Realty
David Nalbandyan
David
Nalbandyan
Additional Information
2
One
0-1 Unit/Acre
7
2024-03-25
1
1
Public
12.0
2337032003
No Common Walls
Features
Inside
Listing Information
BB40892
BH534521
2024-03-25T20:29:10Z
Standard
2024-03-25T13:11:35Z
CRMLS
Basic Details
Apartment
Property Description

We are pleased to present an extremely unique multi family property that provides cash flows, significant rental upside, ADU opportunities, attractive unit mix, and a low assumable interest loan. Settled on a 14K lot with 100 Feet frontage and access from both Klump Ave and Fair Ave, this property offers 7 existing units consisting of Two (2) Single Family Houses that have been completely remodeled from the exterior and interior, One (1) 1 Bedroom ADU with Certificate of Occupancy and Four (4) 1 Bedroom Bungalows. In addition, it offers Two (2) fully approved ADU plans with Ready-to-Issue (RTI) permits for an easy value add opportunity to make this a 9 Unit property with proforma rent of $266K annually. All units have private laundry hook-ups inside the units, no common walls, and yard space. Take advantage of an attractive assumable loan of 3.80% Interest only with over 3 years of term remaining, offering immediate cash flow unlike anything else on the market.

5749 Fair Avenue, North Hollywood, CA 91601

  • Lot Area: 13,809 Sqft
  • Visits : 5 in 45 days
$2,895,000
Listing ID#BB24009352
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Property Details
Year Built : 1949
Property Type : Residential Income
Listing Type : For Sale
Listing ID : BB24009352
Price : $2,895,000
Lot Area : 13,809 Sqft
Country : US
State : CA
County : Los Angeles
City : North Hollywood
Zip Code : 91601
Status : Active
Building Size : 5635
Garage : 6.0
Mls Status : Active
Listing Term : Conventional
Sewer : Public Sewer
Community Features : Curbs
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