5749 Fair Ave, North Hollywood, CA 91601
FOR SALE0.32 ACRES
Listed by David Nalbandyan, LA Premier Realty, (855) 525-7653

5749 Fair Ave
North Hollywood, CA 91601

North Hollywood
  • 9 Beds
  • 7 Baths
  • 5,635 sqft (on 0.32 acres)
  • 9 Beds
  • 7 Baths
  • 5,635 sqft (on 0.32 acres)

$2,895,000

Est. Mortgage $18,329/mo*
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Local Information

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Description

We are pleased to present an extremely unique multi family property that provides cash flows, significant rental upside, ADU opportunities, attractive unit mix, and a low assumable interest loan. Settled on a 14K lot with 100 Feet frontage and access from both Klump Ave and Fair Ave, this property offers 7 existing units consisting of Two (2) Single Family Houses that have been completely remodeled from the exterior and interior, One (1) 1 Bedroom ADU with Certificate of Occupancy and Four (4) 1 Bedroom Bungalows. In addition, it offers Two (2) fully approved ADU plans with Ready-to-Issue (RTI) permits for an easy value add opportunity to make this a 9 Unit property with proforma rent of $266K annually. All units have private laundry hook-ups inside the units, no common walls, and yard space. Take advantage of an attractive assumable loan of 3.80% Interest only with over 3 years of term remaining, offering immediate cash flow unlike anything else on the market.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$514
Listed
32 days ago

Home Details for 5749 Fair Ave

Interior Features

Beds & Baths
Number of Bedrooms: 9Number of Bathrooms: 7
Appliances & Utilities
Laundry: Inside
Windows, Doors, Floors & Walls
Common Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: OneEntry Location: Fair & Klump

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Number of Garage Spaces: 6Number of Covered Spaces: 6Open Parking Spaces: 6Has a GarageParking Spaces: 12Parking: Garage
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Days on Market: 32

Property Information

Year Built
Year Built: 1949
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 2337032003

Price & Status

Price
List Price: $2,895,000Price Per Sqft: $514

Active Status

MLS Status: Active

Location

Direction & Address
City: North Hollywood

Agent Information

Listing Agent
Listing ID: BB24009352

Building

Building Area
Building Area: 5635 Square Feet

Community

Community Features: CurbsNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 0.32 acres

Listing Info

Special Conditions: Standard

Compensation

Buyer Agency Commission: 2Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Rental

Has Rent Control

Miscellaneous

Mls Number: BB24009352Attribution Contact: info@lapremierrealty.com

Additional Information

Curbs
Last check for updates: about 13 hours ago
Listing Provided by: David Nalbandyan DRE #01869296
LA Premier Realty
Originating MLS: California Regional MLS
Source: CRMLS, MLS#BB24009352

Price History for 5749 Fair Ave

DatePriceEventSource
03/25/2024$2,895,000Listed For SaleCRMLS #BB24009352
06/06/2022$1,800,000Sold
CRMLS #SR22039790
04/01/2022$1,849,000PendingCRMLS #SR22039790
03/01/2022$1,849,000Listed For SaleCRMLS #SR22039790
12/02/2021$1,824,000ListingRemovedCRMLS #SR21169103
08/02/2021$1,824,000Listed For SaleCRMLS #SR21169103
06/22/2021ListingRemovedCRMLS #SR21016517
05/25/2021$1,849,000PriceChange
CRMLS #SR21016517
04/28/2021$1,899,000PriceChange
CRMLS #SR21016517
01/26/2021$1,949,000Listed For SaleCRMLS #SR21016517
12/24/2020$1,949,000ListingRemovedCRISNet / SRAR #SR20176516
09/17/2020$1,949,000PriceChange
Agent Provided
08/27/2020$1,999,999PriceChange
Agent Provided
08/12/2020$2,099,999PriceChange
Agent Provided
07/27/2020$2,199,999Listed For SaleAgent Provided

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Property Taxes and Assessment

Year2023
Tax$23,165
Assessment$1,836,000
Home facts updated by county records

Comparable Sales for 5749 Fair Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5853 Vineland Ave, North Hollywood, CA
0.28
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$2,325,000
07/20/23
11
10
4,217
5550 Denny Ave, North Hollywood, CA
0.66
Multi-Family Home
$1,765,000
08/29/23
11
11
6,068
11426 Emelita St, North Hollywood, CA
0.30
Multi-Family Home
$1,200,000
12/13/23
8
4
3,068
11044 Tiara St, North Hollywood, CA
0.26
Multi-Family Home
$1,286,000
12/22/23
6
5
2,564
5851 Whitnall Hwy, North Hollywood, CA
0.65
Multi-Family Home
$1,220,000
08/18/23
8
7
4,888
11667 Chandler Blvd, Valley Village, CA
0.81
Multi-Family Home
$1,680,000
04/12/24
12
6
5,960
6058 Craner Ave, North Hollywood, CA
0.54
Multi-Family Home
$950,000
06/15/23
7
4
3,228
5887 Whitnall Hwy, North Hollywood, CA
0.61
Multi-Family Home
$1,250,000
05/08/23
5
9
4,837

Neighborhood Overview

North Hollywood
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about North Hollywood

  • Trulia User
    "There doesn’t seem to be very much community engagement or at least awareness of events happening in the neighborhood"
    1
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  • Trulia User
    "It’s a great central location close to entertainment and the metro. We have been here for over a decade and enjoy it very much. "
    0
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  • Trulia User
    "easy quick and hassle free. light traffic to work slightly heavier after work. weekends light traffic not many accidents "
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  • Trulia User
    "Homeless everywhere and the cops/city does absolutely nothing about it…in the past year I’ve had my neighborhood almost catch on fire twice because of encampments going up in flame"
    5
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  • Trulia User
    "it's busy. it takes me an hour to drive 12 miles. but there are several routes to pick from to get to work whether by street or freeways."
    1
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  • Trulia User
    "I'm not sure i don't commute down town but its not terrible to get to the highway so I would day it is a decent commute time from this area "
    1
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  • Trulia User
    "Kindest neighbors I've ever had. Love that I feel safe enough to walk the neighborhood at night also"
    3
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  • Trulia User
    "there are farmers markets every week and annual festivals, though less since the pandemic started. no idea when and if they will return but this is still a good place to live. very quiet."
    0
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  • Trulia User
    "North Hollywood arts district is cool and hip but you still have to watch out for weirdos in the neighborhood that come from the subway or Greyhound. "
    2
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  • Trulia User
    "They are lots of pet areas for relief with doggy bags and trash cans. This is a very dog friendly community. "
    1
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  • Trulia User
    "safety for all students and families as well as a nice clean environment for the community. I believe in having a nice community will help us all live nicely together. Its good to know about past incidentswith other families as well as past crime rates for our children's safety"
    0
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  • Trulia User
    "Lots of shops and good restaurants. Very busy since it’s the city but it is better than more Los Angeles based cities. Nice people. "
    0
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  • Trulia User
    " I always take the subway when going either downtown or to Hollywood. Easy to get around and I try avoid the creeps "
    0
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  • Trulia User
    "I work from home. If I do go into the office to Beverly Hills it’s fine getting there but traffic on the way back is bad. "
    0
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  • Trulia User
    "This neighborhood is dirty, loud and I would not raise children here. It is also too expensive. I would look for safer, cleaner neighborhoods in Los Ángeles."
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  • Trulia User
    "people are really friendly food courts are very tasty and the men are very handsome but beware that drugs are highly"
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  • Trulia User
    "Great access to downtown and most of LA. About 20min drive from DTLA .Public transit is very close, a short walk."
    0
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  • Trulia User
    "It’s a great area, we moved here oct-2021, and everything is great except homeless and some cleanliness. "
    0
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  • Trulia User
    "The neighborhood is fine and safe enough but people do NOT pick up after their dogs. Much of this area smells like dog urine/poop"
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  • Trulia User
    "Easy commute to work. A little bit of a homeless situation going on under the freeways. Other than that it’s good"
    0
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  • Trulia User
    "Great neighborhood with lots of trees and quiet streets that kids play on. Tranquil evenings even though everything you need is just a block or two away. "
    2
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  • Trulia User
    "easy aside from the parking. if you don't have your own parking, you're gonna have a bad time. access to public transpo and the 101"
    0
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  • Trulia User
    "Mostly a great neighborhood. We’ve met so many of our neighbors during Covid and they are great! The grade schools need some work but the middle and high school are very good. "
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  • Trulia User
    "I see dogs walking outside all the time with their owner. There’s a lot of good streets around here with trees and stuff so they can smell!"
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  • Trulia User
    "It's near the studios and middle ground close to great beaches and mountains. slightly cheaper than what you would find south of San Fernando valley."
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  • Trulia User
    "My current neighborhood is well maintained and quiet. A lot of the locals and my neighbors are very sweet people. in"
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  • Trulia User
    "I've lived in an apartment in this neighborhood for three years and really like it. The houses close by are very well kept. Neighbors mostly keep to themselves."
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  • Trulia User
    "I’m not sure what makes it unique I think I’m just getting used to it but it dose have a interesting vibe there’s a lot creative energy and some cool rocker in roll history it’s Different them any place I’ve ever lived "
    0
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  • Trulia User
    "Drivers need to slow down for dog walkers and elderly, especially at sunset when there is a glare. It can be dangerous. Other than that it’s great! "
    0
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  • Michael C.
    "That it is safe for their kids. This is a true city suburb, with homelessness and crime. Research well before moving here. "
    10
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  • Tina H.
    "I live here for 4 years and I really enjoy it. There’s plenty of parks nearby and restaurants close by. "
    12
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  • Trina B.
    "Cool neighborhood where you can get a great bang for your buck. Plenty of space for parking and there’s a great dog park right around the corner from our place."
    8
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  • Greg
    "There is a pre school in the area and the neighborhood is great for kids that are active. There is also a park on morpark that is awesome for keeping your kids active. "
    0
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  • Danielle S.
    "Not a lot of kids around. Homeless in several areas. Lots of jaywalkers so be extra careful driving. Relatively quiet area. "
    3
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  • Ruby M.
    "Would not like loud barking at all times of the day because a lot of random people walk around the neighborhood "
    1
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  • Qsn2tfzuxn
    "My neighbors don’t care about how the neighborhood looks. There’s always trash on our street and lots of homeless people. "
    2
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  • Rosy N.
    "They would like the fact that there are a lot of nice and friendly dogs. There are also parks near by. They wouldn’t like that most owners don’t pickup after their dogs! "
    4
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  • Readmeresearch
    "The Christmas Eve parade is pretty cool. Every year trucks and cars are lite up with Christmas lights while Xmas music plays and go down each block for friends and families to enjoy!"
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  • Carlos A. N.
    "Every year on Christmas Eve there is a neighborhood parade with Santa, Mrs. Claus, elves and dozens of carolers. Very fun for the kids. Adults like it too."
    2
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  • Damarbuelna
    "It’s good to live Art district is so good to have a good time with friends. The north Hollywood station is nearby and conects you to downtown LA in less than 30 min"
    2
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LGBTQ Local Legal Protections

David Nalbandyan, LA Premier Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
5749 Fair Ave, North Hollywood, CA 91601 is a 9 bedroom, 7 bathroom, 5,635 sqft multi-family built in 1949. 5749 Fair Ave is located in North Hollywood, North Hollywood. This property is currently available for sale and was listed by CRMLS on Mar 25, 2024. The MLS # for this home is MLS# BB24009352.