Los Angeles571 Fairview Avenue

Los Angeles, Kalifornien, Los Angeles County, 90033

$6,000,000
 Anfahrtsweg
 
Open House
Size
12,006 Sq Ft.
Wohnfläche
16879 Sq Ft.
Grundstücksfläche
Financial
$500
Price / Sq. Ft.
Details
Commercial
Immobilienart
1964
Baujahr
CRSR23202483
Web-ID
CRSR23202483
MLS-ID

571 Fairview Avenue

Presenting a rare investment opportunity to acquire Fairview Heights, a stunning 38-unit multifamily investment property offering incredible views of Los Angeles. Centrally located at 571 Fairview Ave. in the historic neighborhood of Boyle Heights, in East L.A., this special property has been under the same caring ownership for nearly a half century. Fairview Heights features beautiful mid-century modern architecture. Positioned on a corner lot cul-de-sac off Fairview Ave. and perched regally atop a bluff. The property offers 16 parking spaces, a laundry room, swimming pool, and a charming community garden area that also offers space to add a BBQ area with tables & chairs. The apartment building totals 38 cozy units comprised of 37 singles and 1 one-bedroom / one-bathroom plus office unit. Unit amenities include wall A/C units, plenty of closet space and kitchens outfitted with a stove and refrigerator. The construction is of a wood frame, flat roof, and painted stucco exterior. Built in 1964 totaling +/- 12,006 square feet on a +/- 16,874 square foot lot currently zoned R3 and located in an Opportunity Zone. The units are master-metered for gas and electricity. This unique value-added investment offers significant income upside potential of +/- 47% and represents an attractive p

Listing Courtesy of Raymond Rodriguez , Keller Williams Realty Calabasas

PROPERTY INFORMATION

Water
Public

EXTERIOR

Lot Description
Corner Lot, Cul-De-Sac
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