5749 Fair Avenue

North Hollywood, CA 91601

$2,895,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $513 / sqft

1949

calendar_month Built

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 5749 Fair Avenue
City North Hollywood
State CA
Zip 91601
County Los Angeles
Listing Agent David Nalbandyan DRE#01869296
Courtesy Of LA Premier Realty
MLS BB24009352
List Price $2,895,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 13,809
Year Built 1949
DOM 1

Exterior Information

Maps

Listing information courtesy of: David Nalbandyan, LA Premier Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Mar 25th, 2024 at 1:28 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.