1432 Fairbanks Pl - Apartments FOR SALE


Los Angeles, CA 90026
$1,650,000 USD
323-848-4948
1432 Fairbanks Pl, Los Angeles, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/3
null | 5.03% Cap Rate

1432 Fairbanks Pl
Los Angeles, CA 90026


HIGHLIGHTS

  • Prime Location – This multifamily property is perched on a hillside, offering panoramic views.
  • Unique Opportunity for Owner-User – This property features two distinct structures: a multifamily building with 3 units and a single-family bungalow
  • Convenient Location – Near downtown city and Griffith Park, offering easy access to attractions and amenities.

OVERVIEW

Nestled in Echo Park, centrally located to the Glendale 2 Fwy, Golden State 5 Fwy, 110 Fwy, and the 101 Fwy. The property is just minutes away from Dodger Stadium, Chinatown, and Downtown Los Angeles. The property consists of three 2 bedrooms, 1 bathroom and one 1 bedroom, 1 bathroom. As you make your way up the hill side, you'll notice two structures. The first structure contains three units on multi-levels. First level holds a cozy 2 bedroom, 2 bathroom with a deck. The second level is another 2 bedroom with wide open living room and views of Echo Park. A bright 1 bedroom, 1 bathroom unit sits on the third level. Sitting at the top of the hill you'll find the 2 bedroom free standing bungalow with deck overlooking the city. Motivated Seller! Buyer to verify all property information, including but not limited to permits and uses, bed/bath counts, all square footage. Buyer is advised to independently investigate all aspects of the property, verify accuracy of information provided through personal inspection and with appropriate professionals to Buyer's satisfaction. Seller and Broker do not guarantee accuracy of information. Shown with ACCEPTED OFFER ONLY - DO NOT DISTURB TENANTS.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$626 USD /SF

# OF UNITS

4

PRICE/UNIT

$412,500

CAP RATE

5.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R2

APN/PARCEL ID

5419-024-030

ASK ABOUT THIS PROPERTY

Henry AvilesHorizon Real Estate Management GroupMore Info
323-848-4948

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Henry AvilesHorizon Real Estate Management GroupMore Info
323-848-4948

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.