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Multifamily

1824 Fairburn Ave

1824 Fairburn Ave, Los Angeles, CA 90025

Listing Price: $5,450,000

Cap Rate
3.76%
Number of Units
9
Price/Unit
$605,556
Price/Gross SF
$470.11
Gross SF
11,593

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 1824 Fairburn Avenue. This opportunity represents the first time ever, the property is being offered for sale by the family of the original developer. The subject property is a 9-unit, pride-of-ownership asset that is located on a quiet residential street in one of the most desirable neighborhoods in the entire Los Angeles MSA. Consisting of one, three story building situated on a 7,562 square foot parcel, 1824 Fairburn Avenue has been owned and meticulously managed by the same family. The property is in excellent condition with large floorplans, balconies, on site parking & laundry. Taking into consideration the properties prime Westside location, large floor plans, and remaining value add components, 1824 Fairburn is well suited to provide investors with healthy returns and long-term appreciation potential.

Investment Highlights

  • Generational Opportunity Being Sold by the Original Developer: Long Term Ownership – Family Owned and Available for Purchase for the First Time Ever
  • Situated in the Midst of Some of the Region's Most Prestigious Neighborhoods and Home to Some of the Most Dynamic Companies, and Some of the Best Shopping, Dining and Hospitality Options
  • Possible Opportunity to Convert Leasing Office into Residential Unit Through the State's Favorable Attached Accessory Dwelling Unit (ADU) Program. (Buyer to Verify)
  • Approximately 37% Remaining Rental Upside Through Interior Renovations
  • Current Ownership has Attentively Owned and Operated the Property, Leaving an Excellent Physical Plant for a New Buyer to Continue Operations and Make Further Interior & Exterior Enhancements
  • The Century City/Constellation Station is Part of the Purple Line Extension Project, that will Connect Commuters from Downtown Los Angeles, Miracle Mile/Beverly Hills and Westwood

Exclusively Listed By

Financing By

Multifamily

1824 Fairburn Ave

Listing Price: $5,450,000

Cap Rate
3.76%
Number of Units
9
Price/Unit
$605,556
Price/Gross SF
$470.11
Gross SF
11,593

Investment Highlights

  • Generational Opportunity Being Sold by the Original Developer: Long Term Ownership – Family Owned and Available for Purchase for the First Time Ever
  • Situated in the Midst of Some of the Region's Most Prestigious Neighborhoods and Home to Some of the Most Dynamic Companies, and Some of the Best Shopping, Dining and Hospitality Options
  • Possible Opportunity to Convert Leasing Office into Residential Unit Through the State's Favorable Attached Accessory Dwelling Unit (ADU) Program. (Buyer to Verify)
  • Approximately 37% Remaining Rental Upside Through Interior Renovations
  • Current Ownership has Attentively Owned and Operated the Property, Leaving an Excellent Physical Plant for a New Buyer to Continue Operations and Make Further Interior & Exterior Enhancements
  • The Century City/Constellation Station is Part of the Purple Line Extension Project, that will Connect Commuters from Downtown Los Angeles, Miracle Mile/Beverly Hills and Westwood

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 1824 Fairburn Avenue. This opportunity represents the first time ever, the property is being offered for sale by the family of the original developer. The subject property is a 9-unit, pride-of-ownership asset that is located on a quiet residential street in one of the most desirable neighborhoods in the entire Los Angeles MSA. Consisting of one, three story building situated on a 7,562 square foot parcel, 1824 Fairburn Avenue has been owned and meticulously managed by the same family. The property is in excellent condition with large floorplans, balconies, on site parking & laundry. Taking into consideration the properties prime Westside location, large floor plans, and remaining value add components, 1824 Fairburn is well suited to provide investors with healthy returns and long-term appreciation potential.

Exclusively Listed By

Financing By

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