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    5749 Fair Avenue

    North Hollywood, CA 91601
    • $2,099,999
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: SR20148746
    Price Reduced
    $2,099,999
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,519
      SQFT
    • $465
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    Street to street lot with 6 individual houses. 4 units are one bedroom, 1 bath, each with its own 1 car detached garage. 2 units are 2 bedroom, 1 bath. Additional 2 car detached garage. Each unit has laundry hook-ups. Each unit separately metered for gas and electricity. All houses are fully occupied. 4 units are on month to month leases and two units will become month to month within 5 months. Property is gated on both streets. Upside potential in raising rents or developing the property to multi-residential.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-14T00:27:22.41. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

    www.applefinancialnetwork.com/homes/108253948
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    5749 Fair Avenue North Hollywood, CA 91601

    • Price: $2,099,999
    • Status: Active
    • ID#: SR20148746
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    4,519
    SQFT
    $465
    $/SQFT
    1949
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    Street to street lot with 6 individual houses. 4 units are one bedroom, 1 bath, each with its own 1 car detached garage. 2 units are 2 bedroom, 1 bath. Additional 2 car detached garage. Each unit has laundry hook-ups. Each unit separately metered for gas and electricity. All houses are fully occupied. 4 units are on month to month leases and two units will become month to month within 5 months. Property is gated on both streets. Upside potential in raising rents or developing the property to multi-residential.
    Exterior Features

    Garage Spaces 6.00 Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Gas Dryer HookupWasher Hookup Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 2400.00 Gross Income 114000.00 Gross Scheduled Income 114000.00 Insurance Expense 2200.00 Land Lease YN No Laundry YN Yes Net Operating Income 95600.00 New Construction YN No New Taxes Expense 9000.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 2 Number Of Units Leased 6 Operating Expense 18400.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Actual Rent 9488.00 Total Expenses 18400.00 Trash Expense 0.00 Water Sewer Expense 3800.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Michael Zelener of Pacific Coast Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-14T00:27:22.41. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

     
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