5050 Fair Avenue

North Hollywood, CA 91601

$1,130,000
Last Sold Price
4
Beds
4
Baths
2,890 Sq. Ft.
$391 / Sq. Ft.
2,890
Sq. Ft.
$391
per Sq. Ft.

Description

This four-unit apartment building is great for an investment property in the heart of the up & coming NoHo Arts District of North Hollywood! Fully rented and maintained, this building will bring good fortune to its new owner! Zoned R4 with newer, updated units. Each unit has its own garage. Call listing broker for more information!This four-unit apartment building is great for an investment property in the heart of the up & coming NoHo Arts District of North Hollywood! Fully rented and maintained, this building will bring good fortune to its new owner! Zoned R4 with newer, updated units. Each unit has its own garage. Call listing broker for more information!
  1. Listed by Bernd Schmidt • DRE #00768896 • Brokerage DRE #01151891 • Ramsey-Shilling Assoc.

Property Details for 5050 Fair Avenue

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2890
Assessor Parcel Number
2353-010-002
Property Attached YN
true

Location

Listing Courtesy of Ramsey-Shilling Assoc., Bernd Schmidt, DRE #00768896

Sold By Douglas Elliman of California, Inc., Derrick Mandoza, DRE #02092209

Add your commute
LISTING UPDATED: 06/05/2020 05:45 AM

Property Details for 5050 Fair Avenue

StatusClosed
MLS #SR20035167
Days on Market52
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.13 AC / 5,499 SF
CountyLos Angeles County

Location

Listing Courtesy of Ramsey-Shilling Assoc., Bernd Schmidt, DRE #00768896

Sold By Douglas Elliman of California, Inc., Derrick Mandoza, DRE #02092209

Add your commute

Building Information for 5050 Fair Avenue

Stories-Residences-Year Built1953Building Size-Lot Size0.13 AC / 5,499 SF

Payment Calculator

$7,394 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,167

Property Taxes

$1,227

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5050 Fair Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $57,648
  • Gross Scheduled Income: $57,648
  • Net Operating Income: $42,663
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $14,985
  • New Taxes Expense: $11,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $700
  • Trash Expense: $700
  • Water Sewer Expense: $0
  • Total Expenses: $14,985
Tax / Assessment Info
  • Tax Tract Number: 7153
  • Tax Census Tract: 1254.01
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Curbs, Valley
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Lawn, Sprinklers In Front
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $976
  • Unit Type Total Rent: $976
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,178
  • Unit Type Total Rent: $1,178
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,050
  • Unit Type Total Rent: $1,050
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Public Records for 5050 Fair Avenue

Taxable ValueLand$840,942Additions$347,107Total$1,188,049
Tax Record2023$14,721 ($1,227 / month)
Home Facts
Total Finished SqFt2,890 SqFtAbove Grade Finished SqFt2,890 SqFtLot Size5,500 SqFtStyleQuadraplexYear Built1953ZoningLAR4CountyLOS ANGELESAPN2353-010-002

Schools near 5050 Fair Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 11
Rating
School
Distance
Lankershim Elementary School
PublicK to 5

Walter Reed Middle School
Public6 to 8

North Hollywood Senior High School
Public9 to 12

Science Academy STEM Magnet
Public6 to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ramsey-Shilling Assoc., Bernd Schmidt, DRE #00768896

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.