CA > Los Angeles
Los Angeles, CA 90033,571 Fairview AVE
Los Angeles, CA 90033,571 Fairview AVE
Los Angeles, CA 90033,571 Fairview AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,695,000
Est. payment /mo
1 Bed
38 Baths
12,006 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 12,006 sqft

Price per Sqft $474

MLS Listing ID 25537377

Bedrooms 1

HOA Y/N No

Year Built 1964

Lot Size 0.387 Acres

Property Description

This 38-unit apartment building offers significant upside through interior and exterior renovations. With rents below market and many units in original condition, a strategic value add approach can unlock immediate equity and long-term rental growth in one of LA's most culturally rich and rapidly evolving neighborhoods. Located within a designated Opportunity Zone, this asset presents substantial tax incentive potential for investors. Qualified buyers can defer or reduce capital gains taxes by reinvesting in this property, enhancing both short-term profitability and long-term financial planning. The building offers the unique ability to be repositioned as an affordable housing asset. This strategy may qualify the buyer for property tax abatements, reducing operating expenses while meeting a critical housing need in Los Angeles. Buyer to verify program eligibility and guidelines. Positioned just one mile from Downtown LA, this is the closest you can be in Boyle Heights to the city's urban core. The property benefits from the convenience, employment, and amenities of Downtown while maintaining the charm and character of a residential enclave. Twelve of the units enjoy breathtaking, unobstructed views of the Downtown Los Angeles skyline. These desirable outlooks are a premium feature that adds instant appeal for renters seeking an elevated living experience, setting the property apart from competing assets. Centrally located between the USC Medical Center and White Memorial Hospital, this building is ideally situated to attract healthcare professionals, students, and staff. The surrounding medical infrastructure continues to grow, providing stable rental demand and strong tenant demographics. The property includes valuable onsite parking, a significant advantage in a high-density urban environment. This convenience enhances tenant satisfaction and broadens your potential renter pool, especially among professionals and commuters.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Zoning LAR3

Interior

Fireplace No

Exterior

Total Parking Spaces 19

Building

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5174011022

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Kian Maronde Marcus & Millichap

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