This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

1432 Fairbanks Pl

4 Unit Apartment Building $1,650,000 ($412,500/Unit) 5.03% Cap Rate Los Angeles, CA 90026

Investment Highlights

  • Prime Location – This multifamily property is perched on a hillside, offering panoramic views.
  • Convenient Location – Near downtown city and Griffith Park, offering easy access to attractions and amenities.
  • Unique Opportunity for Owner-User – This property features two distinct structures: a multifamily building with 3 units and a single-family bungalow

Executive Summary

Nestled in Echo Park, centrally located to the Glendale 2 Fwy, Golden State 5 Fwy, 110 Fwy, and the 101 Fwy. The property is just minutes away from Dodger Stadium, Chinatown, and Downtown Los Angeles. The property consists of three 2 bedrooms, 1 bathroom and one 1 bedroom, 1 bathroom. As you make your way up the hill side, you'll notice two structures. The first structure contains three units on multi-levels. First level holds a cozy 2 bedroom, 2 bathroom with a deck. The second level is another 2 bedroom with wide open living room and views of Echo Park. A bright 1 bedroom, 1 bathroom unit sits on the third level. Sitting at the top of the hill you'll find the 2 bedroom free standing bungalow with deck overlooking the city. Motivated Seller! Buyer to verify all property information, including but not limited to permits and uses, bed/bath counts, all square footage. Buyer is advised to independently investigate all aspects of the property, verify accuracy of information provided through personal inspection and with appropriate professionals to Buyer's satisfaction. Seller and Broker do not guarantee accuracy of information. Shown with ACCEPTED OFFER ONLY - DO NOT DISTURB TENANTS.

Property Facts

Price $1,650,000
Price Per Unit $412,500
Sale Type Investment
Cap Rate 5.03%
Gross Rent Multiplier 15.35
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single Family Home
Building Class C
Lot Size 0.12 AC
Building Size 2,636 SF
Average Occupancy 100%
No. Stories 2
Year Built 1926
Walk Score ®
Walker's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5419-024-030
Land Assessment
$845,093
Improvements Assessment
$362,180
Total Assessment
$1,207,273

zoning

Zoning Code R2 (Two family residences (or duplex), single family residences (22.20.170 - 22.20.200))
R2 (Two family residences (or duplex), single family residences (22.20.170 - 22.20.200))
  • Listing ID: 32716107

  • Date on Market: 8/7/2024

  • Last Updated:

  • Address: 1432 Fairbanks Pl, Los Angeles, CA 90026

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}