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.
Property Details
Property Features
Property Information:
Year Built: 1949
Stories: 1
Listing Office:
Office Name: LA Premier Realty
Office Email: info@lapremierrealty.com
Listing Agent: David Nalbandyan
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 6 spaces
Lot Features
Lot Information:
Lot Size: 0.32 Acres
School Info
Assigned Schools Information:
East Valley Senior High School, Public District Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Walter Reed Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
Lankershim Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: between oxnard and burbank
Price Information
Listing Price Info
Price Summary:
List Price: $2,895,000
Tax Information:
Annual Amount: $9,889
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.9M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #BB24009352
Listing Office:
Office Name: LA Premier Realty
Office Email: info@lapremierrealty.com
Listing Agent: David Nalbandyan
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/27/2024, 9:25:21 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 05, 1989
Oct 05, 1989Home Sold
$440,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$9,889
$747,841
2020
$9,616
$740,174
2019
$9,453
$725,662
2018
$9,216
$711,434
2017
$9,216
$697,485
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Lankershim Elementary School
5250 Bakman Ave
Distance between this listing and this school0.66 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school6.51 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school15.56 miles
Public Magnet Grades 1-5
Middle School
6
/10
Walter Reed Middle School
4525 Irvine Ave
Distance between this listing and this school1.71 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school9.30 miles
Public District Grades 6-8
High School
1
/10
East Valley Senior High School
5525 Vineland Ave
Distance between this listing and this school0.39 miles
Public District Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school7.34 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school13.33 miles
Public Magnet Grades 9-12
Assigned Schools
4
/10
Lankershim Elementary School
5250 Bakman Ave
Distance between this listing and this school0.66 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school6.51 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school15.56 miles
Public Magnet Grades 1-5
Assigned Schools
6
/10
Walter Reed Middle School
4525 Irvine Ave
Distance between this listing and this school1.71 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school9.30 miles
Public District Grades 6-8
Nearby Schools
5
/10
New Horizons Charter Academy
5955 Lankershim Blvd
Distance between this listing and this school0.54 miles
Public Charter Grades KG-8
Assigned Schools
1
/10
East Valley Senior High School
5525 Vineland Ave
Distance between this listing and this school0.39 miles
Public District Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school7.34 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school13.33 miles
The neighbors living near this home have an average income of $42,283. Typical income of Los Angeles, CA residents is between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5749 Fair Ave
What is the listing price of this property?
The listing price of 5749 Fair Ave property is $2,895,000.
What type of property is this?
The property 5749 Fair Ave is a condo located in North Hollywood, California, 91601.
Is this property for sale now?
Active Listing: 5749 Fair Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 5749 Fair Ave are: Lankershim Elementary School: GreatSchools Rating 4/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Walter Reed Middle School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10East Valley Senior High School: GreatSchools Rating 1/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $9,889 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on October 5, 1989 for $440,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 5749 Fair Ave is 1949.
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This home is located at 5749 Fair Ave in North Hollywood, CA and zip code 91601 in the North Hollywood neighborhood. This home, which was built in 1949, sits on a 0.32 acre lot. It has been listed on Rocket Homes since March 25, 2024 and is currently priced at $2,895,000.
Over 628 listings were sold over their listed price in March 2024 in Los Angeles, CA. In the same period over 579 listings were sold below the listed price and 196 listings were sold for the listed price. Between February 2024 and March 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 10.8%. While the average time on the market in March 2024 was 34 days, the median list price was $975,970.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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