1164 S Fairfax Avenue

  • Los Angeles

  • $2,195,000
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Residential Income Details

Description
Classic 8-Unit adjacent to Miracle Mile w/ nice mix of 5x1BRs, 2x2BRs, and 1xSingle, w/ hdwd floors. New detached 6-carport roof in 2013 & entire building re-roofed in 2008. Building is exempt from LA City Retrofitting requirement (documentation on file). Income shown reflects Nov. 1st 3% increase; additional income from oil & gas leases is appx $800 yr plus value added income potential from laundry rm if coin-op machines are installed. Explore the major upside potential in this high dynamic growth neighborhood! Close to practically everything from this desirable Fairfax corridor location - restaurants, museums, synagogue, church, laundrymat, & Vons all nearby w/ new Metro-Line station coming to Fairfax & Wilshire. This neighborhood is on the move! Property sold "As-Is". Drive by only - Please do not disturb tenants. Buyer agrees to cooperate with Seller's 1031 Exchange at no additional cost to Buyer.
Essential
MLS #18377564
Price$2,195,000
Number of Units8
Sale TypeStandard
StatusActive
Listing BrokerageColdwell Banker Residential Br
Listing AgentDamon Kronsberg
Listing Agent BRE #00893572
Interior
FloorWood
CoolingSee Remarks
Exterior
ParkingCarport Detached
Garage Spaces6
Community
AreaC19 - Beverly Center-Miracle Mile
Address1164 S Fairfax Avenue
CityLos Angeles
CountyLos Angeles
StateCA
ZipCode90019
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Friday, September 7, 2018. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.