5761 Fair Ave
4 Unit Apartment Building $1,802,500 CAD ($450,625 CAD/Unit) 4.34% Cap Rate North Hollywood, CA 91601
INVESTMENT HIGHLIGHTS
- Great North Hollywood Location
- Corner Lot
- individually Metered for Gas & Electric
- On-Site Parking
- CA-170 Freeway Nearby
- Short Distance To NoHo Arts District
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $1,802,500 CAD |
| Price Per Unit | $450,625 CAD |
| Sale Type | Investment |
| Cap Rate | 4.34% |
| Gross Rent Multiplier | 13.8 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,100 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1945 |
| Parking Ratio | 1.57/1,000 SF |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 of 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 2337-032-001 | Improvements Assessment | $816,759 CAD |
| Land Assessment | $1,458,498 CAD | Total Assessment | $2,275,257 CAD |
ZONING
| Zoning Code | LARD1.5 |
