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1824 Fairburn Avenue

Los Angeles (City), CA 90025
  • $5,450,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: 22181808
UPDATED: 27 min ago
$5,450,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1966
County:

School Ratings & Info

Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)


Description

Located in one of the most favorable neighborhoods of Los Angeles, the 9-unit 3-story, 1824 Fairburn Avenue, represents a highly desirable investment opportunity. Just 0.5 miles away from the infamous Westfield Century City Mall, 1824 Fairburn Avenue's location, quiet residential surroundings, and tenant amenities differentiates it amongst others. The offering contains a lot size of 7,562 square feet and a building size of over 11,500 square feet. This property offers its tenants charming large floorplans, exclusive balconies, an expansive rooftop deck, on-site parking, in-unit laundry, and much more. This marking the first time the original ownership is listing this property for sale, 1824 Fairburn Avenue embodies meticulous management and pristine conditions. This investment opportunity is well suited to provide investors with healthy returns and long-term appreciation potential. Much opportunity lies in this property; including the possibility of converting the leasing office into an additional residential unit, through the state's favorable Attached Accessory Dwelling Unit (ADU) Program - Buyer to verify.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T16:37:00.507. 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 Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.searchsocalrealestate.com/homes/131174044
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1824 Fairburn Avenue Los Angeles (City), CA 90025

  • Price: $5,450,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 27 min ago
  • ID#: 22181808
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1966
Built
Neighborhood:
C05 - Westwood - Century City
County:
Los Angeles
Area:
C05 - Westwood - Century City
Property Description
Located in one of the most favorable neighborhoods of Los Angeles, the 9-unit 3-story, 1824 Fairburn Avenue, represents a highly desirable investment opportunity. Just 0.5 miles away from the infamous Westfield Century City Mall, 1824 Fairburn Avenue's location, quiet residential surroundings, and tenant amenities differentiates it amongst others. The offering contains a lot size of 7,562 square feet and a building size of over 11,500 square feet. This property offers its tenants charming large floorplans, exclusive balconies, an expansive rooftop deck, on-site parking, in-unit laundry, and much more. This marking the first time the original ownership is listing this property for sale, 1824 Fairburn Avenue embodies meticulous management and pristine conditions. This investment opportunity is well suited to provide investors with healthy returns and long-term appreciation potential. Much opportunity lies in this property; including the possibility of converting the leasing office into an additional residential unit, through the state's favorable Attached Accessory Dwelling Unit (ADU) Program - Buyer to verify.
Exterior Features

Parking Features Covered Parking Total 9

Property Features

Association Fee 0 Gross Income 301860 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 208733 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T16:37:00.507. 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 Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Rogers Realty Group/Berkshire Hathaway HomeServices California Properties
1063 W Sixth Street
Ontario CA, 91762
Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)