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2135 Fair Park Ave, Los Angeles, CA 90041
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2135 Fair Park Ave Los Angeles, CA 90041

$4,775,000 Sold Price as of 01/31/2023
  • 4 Beds
  • 24 Baths
  • 13,574 Sq.Ft.
Sold
$4,775,000 Sold Price as of 01/31/2023 Refinance Your Mortgage
Map preview of 2135 Fair Park Ave, Los Angeles, CA 90041

Property Overview: 2135 Fair Park Ave Los Angeles, CA has 4 bedrooms, 24 bathrooms, 13,574 living square feet and 14,871 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Damien Breaux | BRE #01460301 | Morgan Skenderian
Last checked: 15 minutes ago | Last updated: February 1st, 2023 | Source CRMLS | DOM: 91

Home details

Lot Sq. Ft
14,871
HOA Dues
$0/mo
Year built
1930
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
PW22233251
City
Los Angeles
County
Los Angeles
Time on Site
554 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 24
  • Total # of Buildings: 1
  • # of Electric Meters: 25
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 20
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,373
  • Total Rent: $27,468
  • Pro Forma/Market Rent: $1,725
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,828
  • Total Rent: $7,312
  • Pro Forma/Market Rent: $2,195
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.9%
  • Gross Rent Multiplier: 12.12
  • Gross Scheduled Income: $425,060
  • Net Operating Income: $253,771
  • Gross Operating Income: $412,308
  • Other Income Description: Laundry, parking
Annual Expense Breakdown
  • Total Operating Expense: $158,537
  • Electric: $2,036
  • Gas/Fuel: $2,036
  • New Taxes: $62,184
  • Trash: $2,036
  • Gardener: $4,800
  • Insurance: $8,144
  • Maintenance: $24,559
  • Professional Management: $18,000
  • Water/Sewer: $2,036
  • Other Expenses: $3,561
  • Other Expense Description: rsi/scep

Property Details for 2135 Fair Park Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 24
  • Parcel Number: 5686017009
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Major Cross Streets are Eagle Rock Blvd and Colorado Blvd.
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 2135 Fair Park Ave

Last sold for $4,775,000 on January 31st, 2023

  • January, 2023

  • Jan 31, 2023

    Date

    Sold

    CRMLS: PW22233251

    $4,775,000

    Price

  • Oct 31, 2022

    Date

    Active

    CRMLS: PW22233251

    $5,850,000

    Price

  • August, 2016

  • Aug 19, 2016

    Date

    Sold (Public Records)

    Public Records

    $4,375,000

    Price

  • March, 2013

  • Mar 5, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2135 Fair Park Ave

Assessed Value (2020): $3,347,085
Year Land Value Improved Value Assessed Value
2020 $2,653,020 $694,065 $3,347,085

Home Value Compared to the Market

This property vs the competition

2135 Fair Park Ave sold on January 31, 2023 for 332.77% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $379.4 per/sqft which puts the price per square foot 49.75% lower than the current median sale per square foot for the city of Los Angeles.

About 2135 Fair Park Ave

Detailed summary of property

2135 Fair Park Ave is a apartment that recently sold in Los Angeles, CA 90041. This apartment offered 4 bedrooms, 24 bathrooms, roughly 13,574 living square feet, and sits on an approximately 14,871 square foot lot. 2135 Fair Park Ave was first listed on ArdentRealEstateGroup.com on November 1, 2022. The homeowner sold the property for $4,775,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 332.77% higher than the current median priced home. Local homes that are currently for sale include 3168 Wabash Ave, 548 N Westmoreland Ave and 500 S Union Ave. While the average home in Los Angeles, CA is selling in 94 days, 2135 Fair Park Ave has a days on market of 91 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 2135 Fair Park Ave Los Angeles, CA 90041 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2135 Fair Park Ave

Public county record property details
Beds
4
Baths
--
Year built
1930
Sq. Ft.
13,574
Lot Size
14,871
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
5686-017-009

The source for these homes facts are from public records.

90041 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,000
Median List Price/Sq.Ft.
$801
Median Sold Price
$1,211,000
Median Sold Price/Sq.Ft.
$967
Total Inventory
38
Median Sale to List Price %
101.34%
Avg Days on Market
37
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

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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.

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