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Property Description

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!

Overview

Property Status
For Sale
Lot Size
6,527 Sq.Ft.
MLS ID
26655935
Property Type
Multi-Family
Year Built
1945

Features & Amenities

Parking
Driveway - Combination, Driveway
Heat Type
Wall
Air Conditioning
None
Appliances
None
Sales Price
$1,395,000
Zoning
LARD1.5

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5761 Fair Ave

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Thank you

for your interest in 5761 Fair Ave, North Hollywood, CA 91601

5761 Fair Ave
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5761 Fair Ave

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