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$ 5,695,000
Est. payment /mo
Active
571 Fairview Avenue Los Angeles, CA 90033
12,006 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 12,006 sqft
Price per Sqft $474
MLS Listing ID CL25537377
HOA Y/N No
Year Built 1964
Lot Size 0.387 Acres
Acres 0.39
Property Sub-Type Other
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 featur
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5174011022
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Listed by Kian Maronde • Marcus & Millichap
