1818 Fairburn Ave, Los Angeles, CA 90025

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1818 Fairburn Ave Los Angeles, CA 90025

$5,810,000 Sold Price as of 06/22/2022

16 Beds
15 Baths
13,485 Sq.Ft.

Sold

$5,810,000 Sold Price as of 06/22/2022 Refinance Your Mortgage

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Map preview of 1818 Fairburn Ave, Los Angeles, CA 90025

Property Overview: 1818 Fairburn Ave Los Angeles, CA has 16 bedrooms, 15 bathrooms, 13,485 living square feet and 7,562 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer for sale 1818 Fairburn Avenue. This opportunity represents the first time ever, the property is being offered for sale by the family of the original developer. The subject property is a 9-unit, pride-of-ownership asset that is located on a quiet residential street in one of the most desirable neighborhoods in the entire Los Angeles MSA. Consisting of one, three-story building situated on a 7,562 square foot parcel, 1818 Fairburn Avenue has been owned and meticulously managed by the same family. The property features large, condominium-like floorplans, balconies, central A/C, elevator, on-site parking and on-site laundry.Given the property's prime Westside location, large floorplans and considerable value-add component, 1818 Fairburn is well suited to provide investors with healthy returns and long term appreciation potential. OFFERS DUE FRIDAY, 4/8 BY 2PM PT

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap

Last checked: 13 minutes ago | Last updated: October 6th, 2023 | Source CRMLS | DOM: 31

Home details

Lot Sq. Ft: 7,562
HOA Dues: $0/mo
Year built: 1965
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22142457
City: Los Angeles
County: Los Angeles
Time on Site: 911 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 9
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,900
Total Rent: $2,900
Pro Forma/Market Rent: $3,600

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,974
Total Rent: $2,974
Pro Forma/Market Rent: $4,400

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $3,300
Total Rent: $3,300
Pro Forma/Market Rent: $3,750

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,099
Total Rent: $2,099
Pro Forma/Market Rent: $2,750

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,029
Total Rent: $2,029
Pro Forma/Market Rent: $3,550

Unit Breakdown 6

# of Units: 1
# of Beds: 4
# of Baths: 3
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $5,500

Unit Breakdown 7

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,175
Total Rent: $2,175
Pro Forma/Market Rent: $3,500

Unit Breakdown 8

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,727
Total Rent: $3,727
Pro Forma/Market Rent: $4,400

Unit Breakdown 9

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,012
Total Rent: $3,012
Pro Forma/Market Rent: $3,600

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 16.53
Gross Scheduled Income: --
Net Operating Income: $219,523
Gross Operating Income: $340,590

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1818 Fairburn Ave

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 14

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 9
Parcel Number: 4317003007

Location / Neighborhood

Location Information

Directions: 0.5 Miles from Westfield Century City, south of Santa Monica Boulevard, North of Olympic Boulevard

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Local Los Angeles Agent

Sale History for 1818 Fairburn Ave

Last sold for $5,810,000 on June 22nd, 2022

October, 2023
Oct 6, 2023

Date

Expired

CRMLS: 23313173

$5,500

Price
Sep 19, 2023

Date

Active

CRMLS: 23313173

$6,500

Price
Listing provided courtesy of CRMLS

A MUST SEE the Recently upgraded 4 bedroom 3 bath opening to large back yard with mature trees ,large living area with gas burning fireplace and wet bar ,large dining area facing the kitchen.One of the bedrooms with ample closet can be used as a Den too. Side by side washer and dryer inside the unit.2 car designated parking spaces in the gated garage that has direct access to the lobby and elevator.Pet friendly and easy to show. Ready to move in .

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August, 2023
Aug 26, 2023

Date

Expired

CRMLS: 23302467

$3,800

Price
Aug 18, 2023

Date

Active

CRMLS: 23302467

$3,800

Price
Listing provided courtesy of CRMLS

Beautifully remodelled Bright and spacious front unit with large balcony . New appliances.wood floor allthroughout the unit.Couple blocks away from Century city Mall. Short drive to UCLA,Washer and Dryer inside the unit.LOTS of closet space.Two walkin closets in the primary bedroom.Small pet ok.EASY to show just call or text for an appoinmtment,A MUST SEE.

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June, 2022
Jun 22, 2022

Date

Sold

CRMLS: 22142457

$5,810,000

Price
Apr 1, 2022

Date

Active

CRMLS: 22142457

$5,795,000

Price
March, 2004
Mar 19, 2004

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1818 Fairburn Ave

Assessed Value (2020): $604,798

Year	Land Value	Improved Value	Assessed Value
2020	$120,585	$484,213	$604,798

Home Value Compared to the Market

This property vs the competition

1818 Fairburn Ave sold on June 22, 2022 for 417.41% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $429.74 per/sqft which puts the price per square foot 40.64% lower than the current median sale per square foot for the city of Los Angeles.

About 1818 Fairburn Ave

Detailed summary of property

1818 Fairburn Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 16 bedrooms, 15 bathrooms, roughly 13,485 living square feet, and sits on an approximately 7,562 square foot lot. 1818 Fairburn Ave was first listed on ArdentRealEstateGroup.com on April 1, 2022. The homeowner sold the property for $5,810,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 417.41% higher than the current median priced home. Local homes that are currently for sale include 3840 Inglewood Blvd, 7815 Melrose Ave and 1439 N Curson Ave. While the average home in Los Angeles, CA is selling in 106 days, 1818 Fairburn Ave has a days on market of 31 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1818 Fairburn Ave Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1818 Fairburn Ave

Public county record property details

Beds: 15
Baths: 16
Year built: 1965
Sq. Ft.: 13,485
Lot Size: 7,560
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 8
APN: 4317-003-007

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,159,000

Median List Price/Sq.Ft.

$745

Median Sold Price

$1,151,000

Median Sold Price/Sq.Ft.

$714

Total Inventory

134

Median Sale to List Price %

97.96%

Avg Days on Market

Loan Type

Conventional (13.79%), FHA (0%), VA (0%), Cash (20.69%), Other (10.34%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.