North Hollywood (los Angeles), CA 91601,5630 Fair Avenue
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North Hollywood (los Angeles), CA 91601,5630 Fair Avenue
North Hollywood (los Angeles), CA 91601,5630 Fair Avenue
North Hollywood (los Angeles), CA 91601,5630 Fair Avenue
North Hollywood (los Angeles), CA 91601,5630 Fair Avenue

$7,625,000

Est. payment /mo

$7,995,000

4.6%
Est.Price: ?

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5630 Fair Avenue North Hollywood (los Angeles), CA 91601

28,381 SqFt

SOLD DATE : 10/31/2024

Key Details

Sold Price $7,625,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 28,381 sqft

Price per Sqft $268

MLS Listing ID CL24374371

Sold Date 10/31/24

HOA Y/N No

Year Built 2018

Lot Size 0.386 Acres

Acres 0.39

Property Description

We are proud to present "The Fair", a 15-unit condominium property located at 5630 Fair Ave in North Hollywood, CA. Built in 2018 to condo specifications, this property is 100% free of all rent control. The 28,381 sqft building sits on a 0.39 acre lot, and it boasts an excellent unit mix of all 3 bed / 2 bath condos. The 15 condos are split into 5 different floor plans ranging from 1,460 sqft to 1,574 sqft, with the average of 1,502 sqft. Of the 15 units, 13 are market-rate and 2 are low-income restricted.The property has gated parking on the ground floor with three levels of residential above. Each of the three residential floors have 5 condos with a stacked design. These well designed condos feature new stainless steel appliances, an in-unit washer/dryer, an open-plan kitchen and dining area, a large living room with wood-inspired vinyl floors, and a balcony. Central air conditioning, modern finishes, and a host of amenities including an elevator, covered parking, video surveillance, and more, ensure a safe and comfortable living environment for the tenants. The property has 8 KWP solar panels and EV Chargers, both of which provide additional income. Currently, these condos are being operated as apartment rents and bringing in a combined $48,000 in monthly rent. If the investor

Location

State CA

County Los Angeles

Area Listing

Zoning LARD

Interior

Heating Other

Cooling Central Air

Fireplace No

Appliance Dryer

Laundry Dryer, Washer

Building

New Construction No

Others

Tax ID 2337031038

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Bridge MLS
Listed by Filip Niculete • Marcus & Millichap
Bought with FilipNiculete
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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