1432 Fairbanks Pl
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1432 Fairbanks Pl
4 Unit Block of Flats £1,291,043 (£322,761/Unit) 5.03% Net Initial Yield 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 | £1,291,043 | Apartment Style | Single Family Home |
Price Per Unit | £322,761 | Building Class | C |
Sale Type | Investment | Lot Size | 0.12 AC |
Net Initial Yield | 5.03% | Building Size | 2,636 SF |
Gross Rent Multiplier | 15.35 | Average Occupancy | 100% |
No. Units | 4 | Number of Floors | 2 |
Property Type | Residential | Year Built | 1926 |
Property Subtype | Apartment |
Price | £1,291,043 |
Price Per Unit | £322,761 |
Sale Type | Investment |
Net Initial Yield | 5.03% |
Gross Rent Multiplier | 15.35 |
No. Units | 4 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Single Family Home |
Building Class | C |
Lot Size | 0.12 AC |
Building Size | 2,636 SF |
Average Occupancy | 100% |
Number of Floors | 2 |
Year Built | 1926 |
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Walk Score ®
Walker's Paradise (96)
PROPERTY TAXES
Parcel Number | 5419-024-030 | Improvements Assessment | £283,388 |
Land Assessment | £661,243 | Total Assessment | £944,631 |
PROPERTY TAXES
Parcel Number
5419-024-030
Land Assessment
£661,243
Improvements Assessment
£283,388
Total Assessment
£944,631
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)) |
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Presented by
Horizon Real Estate Management Group
1432 Fairbanks Pl
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