6707 Fair Avenue

North Hollywood, California

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No sign on property. 6707, 6709 fair ave. Is a duplex (7. 5% cap rate) w/ an adu built inside. 2 separate electric meters. This property was fully renovated in 2017 & 2018 w/ quality materials: 3 remodeled baths & kitchens, ss appliances & still on warranty, quartz counters, tankless water heater, landscaped lot w/ water conservation in mind, fruit trees, etc. Check detailed list on remodel in attached supplemental information. Coo received in 2018. This property is ideal for both owner occupiers & investors! Live in one unit & rent the other as this seller who is living in the rear unit, renting the front unit as short term vacation rentals. The converted garage was existing & not permitted when the seller took occupancy, its garage door still in place but dry walled inside. It is currently rented & can be delivered w/ current tenant or vacant at coe. Info on rental income is available on demand and has a cap rate of 7. 5%. So many options! Sleek & modern stunning property located less than 3 mi. From the heart of noho arts district & less than 2 mi. From the future home of noho west, an enormous mixed-use development project poised to take noho to a whole new level! Front unit furniture is included in the sale price at no additional cost. Seller requests a 45 days rent back. Buyer to do his investigations with the city. Do not disturb tenants. Call to schedule private showings.
Property Detail
Bedrooms 3
Bathrooms 2.25
Property Type Multi-Family
Year Built 1944
Home Size 1,274 sqft
Lot Size 0.1230 Acres
MLS# SR19245966
County Los Angeles County
Features
Bonus/Game Rm
Dishwasher
Family/Great Rm
Single Story
Listing Agent: Brigitte Handler Broker: Keller Williams Realty-Studio City Broker Phone: 8184321500
Location

Los Angeles County North Hollywood 6707 Fair Avenue

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Neighborhood Info

North Hollywood - 91606

The vacancy rate of homes in 91606 is 4.43% with 32.5% of homes being owner-occupied. The median household income in 91606 is $43793 per year with those between 45 and 64 having the highest median income at $52262.

School in North Hollywood, CA
School Type Grade Distance
Celerity Palmati Charter School Public K-8 7819.78 mi
Fair Avenue Elementary School Public K-5 7818.58 mi
John B. Monlux Elementary School Public K-5 7820.64 mi
Neighborhood Demographic

Demographic in North Hollywood - 91606

Median Income $43793
Avg Household Size 3.001
Median Age 36.01
White Collars 31%
College Grad 40%
Copyright 2019 CRIS-Net Regional MLS (Southland). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Home TypeMulti-Family
Year Built1944
Lot Size0.1230 Acres

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