$5,250,000
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16 Beds
17 Baths
11,593 SqFt
SOLD DATE : 10/13/2022
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 11,593 sqft
Price per Sqft $431
MLS Listing ID 22181808
Sold Date 10/13/22
Bedrooms 16
HOA Y/N No
Year Built 1966
Lot Size 7,562 Sqft
Property Description
Located in one of the most favorable neighborhoods of Los Angeles, the 9-unit 3-story, 1824 Fairburn Avenue, represents a highly desirable investment opportunity. Just 0.5 miles away from the infamous Westfield Century City Mall, 1824 Fairburn Avenue's location, quiet residential surroundings, and tenant amenities differentiates it amongst others. The offering contains a lot size of 7,562 square feet and a building size of over 11,500 square feet. This property offers its tenants charming large floorplans, exclusive balconies, an expansive rooftop deck, on-site parking, in-unit laundry, and much more. This marking the first time the original ownership is listing this property for sale, 1824 Fairburn Avenue embodies meticulous management and pristine conditions. This investment opportunity is well suited to provide investors with healthy returns and long-term appreciation potential. Much opportunity lies in this property; including the possibility of converting the leasing office into an additional residential unit, through the state's favorable Attached Accessory Dwelling Unit (ADU) Program - Permits have been submitted by current ownership and are close to RTI status.
Location
State CA
County Los Angeles
Area C05 - Westwood - Century City
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features Covered
Total Parking Spaces 9
Building
Story 3
New Construction No
Others
Senior Community No
Tax ID 4317003008
Special Listing Condition Standard
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Bought with Sean Rosenzweig Marcus & Millichap
