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listing
1 of 32
Residential IncomeFor Sale
$2,895,000
5749 Fair Avenue
North Hollywood, CA 91601
Listed by David Nalbandyan DRE#01869296 [email protected] LA Premier Realty
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$15,043/mo

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.

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Information courtesy of LA Premier Realty is subject to verification and is not guaranteed.
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