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$ 1,299,000
Est. payment /mo
Price Dropped by $96K
5761 Fair AVE North Hollywood, CA 91601
8 Beds
8 Baths
5,100 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $254
MLS Listing ID 26655935
Bedrooms 8
HOA Y/N No
Year Built 1945
Lot Size 6,525 Sqft
Property Description
Just reduced 5/23 Amazing deal! Rare multifamily opportunity with massive upside. Over 5,100 square feet of building area with the potential to convert back to 8 one-bedroom units (buyer to verify zoning, permits, and feasibility). Three 2 bedroom units delivered vacant, providing immediate opportunity for renovation, repositioning, and lease-up at market rents. Existing units offer strong value-add potential.Units are spacious with favorable layouts, and the property offers ample on-site parking, enhancing tenant appeal and rental demand. Located in a high-demand rental market with excellent long-term fundamentals, this asset is ideal for investors or developers seeking to maximize density, cash flow, and future appreciation. Exceptional Value!
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2337032001
Special Listing Condition Standard
Listed by Marcus Kassin The Agency #01216904