1316 North Fairfax Avenue
Sold 1/29/25
Sold 1/29/25
Description
- Listed by Grey Blavin • DRE #02075642 • Brokerage DRE #01268376 • Power Brokers
- Listed by Marc 'Meir' Nemetsky • DRE #01946024 • Brokerage DRE #01268376 • Power Brokers
Property Details for 1316 North Fairfax Avenue
Property Details for 1316 North Fairfax Avenue
| Status | Sold |
|---|---|
| MLS # | 24-391109 |
| Days on Market | 217 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1967 |
| Lot Size | 0.15 AC / 6,550 SF |
| County | Los Angeles County |
Building Information for 1316 North Fairfax Avenue
Property Information for 1316 North Fairfax Avenue
- Tax Mello Roos: No
- Number Of Units: 8
- Senior Community: No
- Year Built Source: Vendor Enhanced
- Number Of Stories: 2
- Number Of Buildings: 1
- Type Of Units: mixed
- Security Features: Window Bars
- Direction Faces: West
- Property Condition: Repair Cosmetic, Updated/Remodeled
- Water: District
- Sewer: In Street
- Water Heater Features: Central Water Heater, Electric, Gas
- Water District: Hollywood
- Probate: No
- Financing: Cash, Conventional
- Disclosures: Rent Control, As Is
- Listing Type: Exclusive Agency
- Service Level: Full Service
- Scheduled Actual: Actual
- Gross Operating Income: $177,504
- Net Operating Income: $153,942.00
- Gross Income: $177,504
- Cap Rate: 6.49%
- Gross Rent Multiplier: $.00
- Actual Annual Gross Rent: $175,704.00
- Actual Gross Annual Income: $177,504
- Laundry Income: $1,800
- Actual Rent Total: $175,704.00
- Financial Info as Of: 05/01/2024
- Vacancy Allow Percent: 1.00%
- Owner Pays: Water
- Total Annual Expense: 23562
- Water Expense: $8,000.00
- Electric Expense: $360.00
- Trash Expense: $3,720.00
- Insurance Expense: $11,282
- Additional Parcel Number: No
- Alley: No
- Paved: Yes
- Lot Acreage: 0.1395
- Lot Size Square Feet: 6550
- Lot Size Dimensions: 131x50
- Source Lot Size Dimensions: Assessor
- Lot Features: Landscaped, Value In Land, Utilities - Overhead, Rectangular Lot
- Lot Description: Exterior Security Lights, Gutters, Landscaped, Walk Street, Value In Land, Utilities - Overhead, Street Paved, Street Lighting, Street Concrete, Street Asphalt, Storm Drains, Single Lot, Sidewalks, Lot Shape-Rectangular, Lot-Level/Flat, Redevelopment Area, Curbs
- Lot Location: Near Public Transit, City
- Parking Garage: Assigned, Covered Parking, Driveway, On street, Shared Driveway
- Total Parking: 8
- Covered Parking: 8
- Parking Features: Assigned, Covered, Driveway, Street, Shared Driveway
- Garage Structures Total: 1.0
- Room Type: Living Room, Center Hall
- Rooms: Living Room, Dining Area, Center Hall
- Levels: Two
- Den: No
- Family Room: 0
- Dining Room: 0
- Cooling: Wall/Window Unit(s)
- Cooling Type: Wall/Window
- Heating Type: Wall Gas
- Flooring: Carpet, Linoleum, Tile, Vinyl, Wood, Wood Laminate
- Equipment: Cable, Ceiling Fan, Garbage Disposal, Hood Fan, Washer, Dryer, Refrigerator, Range/Oven
- Interior Features: Turnkey, Storage Space, Living Room Balcony, Drywall Walls
- Room Kitchen Features: Formica Counters, Tile Counters
- Kitchen Features: Formica Counters, Tile Counters, Quartz Counters
- Room Bathroom Features: Linen Closet/Storage, Shower, Shower in Tub, Remodeled, Tile Counters
- Bathroom Features: Linen Closet, Shower Stall, Shower and Tub, Remodeled, Tile
- Cooking Appliances: Range, Range Hood
- Laundry: Room
- Laundry Equipment: Own
- Exterior Features: Rain Gutters
- Roof: Asphalt
- Sprinklers: Front
- Patio Features: Balcony, Concrete Slab
- Entry Location: Ground Level w/steps
- Windows: Double Pane Windows, Drapes/Curtains, Mini Blinds, Window Blinds
- New Construction: No
- Construction Materials: Stucco, Wood Siding
- Exterior Construction: Stucco, Wood Siding
- Other Structural Features: Balcony, Sprinkler System, Rain Gutters, Partial Copper Plumbing
- Other Structures: None
- Entry Date: 05-13-2024
- Listing Terms: Standard Sale
- Rent Control: Yes
- Rent Control: 100
- Tenant Pays: Cable TV, Electricity, Gas, Move In Fee, Move Out Fee
- Unit Beds: 2
- Unit Baths: 2
- Unit Furnished: No
- Unit Rent: $1,418.00
- Unit Actual Rent: $1,418.00
- Unit Projected Rent: $3,400.00
- Like Units: 1
- Unit Beds: 2
- Unit Baths: 2
- Unit Furnished: No
- Unit Rent: $2,080.00
- Unit Actual Rent: $2,080.00
- Unit Projected Rent: $3,400.00
- Like Units: 1
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,764.00
- Unit Actual Rent: $1,764.00
- Unit Projected Rent: $2,600.00
- Like Units: 1
- Unit Beds: 2
- Unit Baths: 2
- Unit Furnished: No
- Unit Rent: $2,200.00
- Unit Actual Rent: $2,200.00
- Unit Projected Rent: $3,400.00
- Like Units: 1
- Unit Beds: 2
- Unit Baths: 2
- Unit Furnished: No
- Unit Rent: $2,284.00
- Unit Actual Rent: $2,284.00
- Unit Projected Rent: $3,400.00
- Like Units: 1
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,378.00
- Unit Actual Rent: $1,378.00
- Unit Projected Rent: $2,600.00
- Like Units: 1
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $2,600.00
- Unit Actual Rent: $.00
- Unit Projected Rent: $2,600.00
- Like Units: 1
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,818.00
- Unit Actual Rent: $1,818.00
- Unit Projected Rent: $2,600.00
- Like Units: 1
- Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
- Number of Carpet: 3
- Number of Disposal: 8
- Number of Drapes: 8
- Number of Electric Meters: 8
- Number of Gas Meters: 8
- Number Leased: 8
- Number Patio: 1
- Number Range: 8
- Number Refrigerator: 8
- Number Rented Garages: 0
- Number Wall AC: 8
- Number Water Meters: 0
- Assessed Improvement Value: $391,357.00
- Assessed Improvement Percent: 64.94
- Assessed Land Value: $211,322.00
- Assessed Land Percent: 35.06
- Assessed Total Value: $602,679.00
Property History for 1316 North Fairfax Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1316 North Fairfax Avenue
Schools near 1316 North Fairfax Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Gardner Street Elementary School PublicK to 5 | ||
Hubert Howe Bancroft Middle School Public6 to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
Charles Leroy Lowman Special Education Center PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Power Brokers, Grey Blavin, DRE #02075642; Power Brokers, Marc 'Meir' Nemetsky, DRE #01946024
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.