Property
Listing Agent: Damien Breaux (DRE #01460301) · Listing Office: Morgan Skenderian · Contact: 949-251-8800 · Bought with: Michael Dixon · NAI Capital, Inc. · MLS #PW22233251 · Source: CRMLS
Pleased to present Fair Park Avenue Apartments, a 24 Unit Value-Add opportunity in the highly desirable neighborhood of Eagle Rock. The Fair Park Apartments were built in 1930, and consist of (20) Studios and (4) 1-Bedroom/1-Bathrooms. The Property is located within walking distance of the best that Eagle Rock has to offer – chic restaurants and coffee shops, hip retail stores, parks, Occidental College, and more. About half of the units have been recently updated, and the electrical was completely redone, including installing separate meters for each unit. Several units have long term tenants with rents that are well below market, offering tremendous upside through rental increases and/or renovated units as they come vacant.
Listing description from the January 2023 sale, as reported to CRMLS.