5749 Fair AvenueNorth Hollywood, California91601United States
$2,895,000
Residential Income
1 of 20
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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...
$2,895,000
.317 Acres
Exterior
Residential Income
Property type
1949
Year Built
BB24009352
Web Id
BB24009352
MLS ID
Los Angeles Unified
School District
34
days ago
About 5749 Fair Avenue
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.
Listing Courtesy of LA Premier Realty, Email/Phone : info@lapremierrealty.com
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
features
Parking
Garage
PROPERTY INFORMATION
Community Info
Curbs
Garage Info
6
Sewer
PublicSewer
Water
Public
EXTERIOR
Lot Description
Item01UnitAcre
ADDITIONAL INFORMATION
Number of Units
7
Listing Courtesy of LA Premier Realty, Email/Phone : info@lapremierrealty.com