5653 Fair Avenue, North Hollywood, CA 91601
Fourplex · 2 recorded sales since 2018
Sold September 2020
Listing Agent: Elizabeth Maddox (DRE #01921425) · Listing Office: The 2-4 Unit Specialists · Contact: 818-859-7242 · Bought with: Elizabeth Maddox · The 2-4 Unit Specialists · MLS #BB20118211 · Source: CRMLS
About this fourplex
5653 Fair is a fully rented, REAL 5.40% CAP RATE new construction fourplex in the NoHo Arts District! This fourplex is being delivered 100% leased at market rents. The lease up took less than a month in the midst of Covid-19’s stay-at-home order! Park your money here and enjoy NO RENT CONTROL and exceptional return! This impressive fourplex is situated on a large lot that extends all the way from Klump Ave to Fair Ave, giving tenants the opportunity to access the units from both streets! 5653 Fair is made up of four 3-story, side-by-side townhome style units (two 3b/3b and two 4b/3b) with spacious floorplans and awesome views. The excellent location, walking distance to all the excitement that NoHo has to offer, paired with the upscale modern design made these units our easiest rentals to date! Other perks to this property include: optimal parking (private 2-car garages for each unit), separate meters for all utilities, stainless steel appliances, drought tolerant landscaping, and a 1 year fit and finish warranty! Additionally, this is located in a CA Opportunity Zone, which could mean tax benefits (please consult with a tax specialist)
Listing description from the September 2020 sale, as reported to CRMLS.
Sale history
