5749 Fair Avenue
5749 Fair Avenue
$2,895,000
3
7
5,635
5,635
$514
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...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.
- Listed by David Nalbandyan • DRE #01869296 • LA Premier Realty • info@lapremierrealty.com
Property Details for 5749 Fair Avenue
Parking Spaces Total
12
Private PoolNo
Total Units7.0
Building TypeDetached
Lot Size SourceAssessor
Living Area5635
Assessor Parcel Number2337-032-003
Property Attached YNfalse
Location
LISTING UPDATED: 03/25/2024 06:28 AM
Property Details for 5749 Fair Avenue
Status | Active |
---|---|
MLS # | BB24009352 |
Days on Market | 38 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1949 |
County | Los Angeles County |
Location
Building Information for 5749 Fair Avenue
Building/Complex5749 Fair AveFloor-Stories1Residences-Pet Policy-Year Built1949Building Size-
Payment Calculator
$17,729 per month
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Property Information for 5749 Fair Avenue
Property History for 5749 Fair Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5749 Fair Avenue
Taxable ValueLand$1,101,600Additions$734,400Total$1,836,000
Tax Record2023$23,165 ($1,930 / month)
Home Facts
Total Finished SqFt4,519 SqFtAbove Grade Finished SqFt4,519 SqFtLot Size13,805 SqFtStyleMulti-Family Res (5+ Units)Year Built1949ZoningLARD1.5CountyLOS ANGELESAPN2337-032-003
Schools near 5749 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 | ||
East Valley 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.
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