5761 Fair Ave - Apartments FOR SALE


North Hollywood, CA 91601
$1,250,000 USD
818-381-6601
5761 Fair Ave, North Hollywood, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/9
null | 4.34% Cap Rate

5761 Fair Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • Great North Hollywood Location
  • On-Site Parking
  • Corner Lot
  • CA-170 Freeway Nearby
  • individually Metered for Gas & Electric
  • Short Distance To NoHo Arts District

OVERVIEW

Located in the heart of North Hollywood, 5761 Fair Ave presents an outstanding opportunity for investors seeking a well-maintained fourplex in a thriving rental market. Featuring a desirable unit mix of four spacious 2-bedroom, 2-bath units, this property caters to a broad range of tenants, from professionals to families. Situated on a prominent corner lot, the property offers excellent visibility and accessibility, enhancing its long-term investment potential. Designed for convenience and efficiency, the building is individually metered for gas and electricity, helping to reduce owner expenses. Residents will appreciate the on-site parking, a valuable amenity in this high-demand neighborhood. Its prime location near the CA-170 Freeway provides easy access to surrounding areas, making commuting a breeze. The property is just a short distance from the vibrant NoHo Arts District, a cultural hub known for its theaters, galleries, and trendy dining spots. Additionally, the Metro Red Line Station is nearby, offering seamless public transit options to Hollywood, Downtown LA, and beyond. Tenants will also benefit from the proximity to the Costco Business Center, providing convenience for shopping and everyday needs. With a high-demand rental location and strong tenant appeal, 5761 Fair Ave represents an excellent opportunity for both new and seasoned investors. Please be advised the building does have city violations.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$245 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,500

CAP RATE

4.34%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LARD1.5

APN/PARCEL ID

2337-032-001

ASK ABOUT THIS PROPERTY

James AntonucciAPLA GROUPMore Info
818-381-6601

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James AntonucciAPLA GROUPMore Info
818-381-6601

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