1432 Fairbanks Place

Los Angeles, CA 90026

$1,650,000
Price
7
Beds
4
Baths
2,852 Sq. Ft.
$579 / Sq. Ft.
2,852
Sq. Ft.
$579
per Sq. Ft.

Description

Nestled in Echo Park, centrally located to the Glendale 2 Fwy, Golden State 5 Fwy, 110 Fwy, and the 101 Fwy. The property is just minutes away from Dodger Stadium, Chinatown, and Downtown Los Angeles. The property consists of three 2 bedrooms, 1 bathroom and one 1 bedroom, 1 bathroom. As you make your way up the hill side, you'll notice two structures. The first structure contains three units on multi-levels. First level holds a cozy 2 bedroom, 2 bathroom with a deck. The second level is another...Nestled in Echo Park, centrally located to the Glendale 2 Fwy, Golden State 5 Fwy, 110 Fwy, and the 101 Fwy. The property is just minutes away from Dodger Stadium, Chinatown, and Downtown Los Angeles. The property consists of three 2 bedrooms, 1 bathroom and one 1 bedroom, 1 bathroom. As you make your way up the hill side, you'll notice two structures. The first structure contains three units on multi-levels. First level holds a cozy 2 bedroom, 2 bathroom with a deck. The second level is another 2 bedroom with wide open living room and views of Echo Park. A bright 1 bedroom, 1 bathroom unit sits on the third level. Sitting at the top of the hill you'll find the 2 bedroom free standing bungalow with deck overlooking the city.
  1. Listed by Henry Aviles • DRE #01323324 • Brokerage DRE #01323324 • Horizon Real Estate Management Group

Property Details for 1432 Fairbanks Place

Zoning
LAR2
Parcel Number
5419024030
Total Units
4.0
Living Area
2852
Source Living Area
Assessor
Area
Silver Lake (671)
Vacancy Rate
0
Lot Size Area
5203
LISTING UPDATED: 11/07/2024 02:13 PM

Property Details for 1432 Fairbanks Place

StatusActive
MLS #24-385257
Days on Market196
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.12 AC / 5,203 SF
CountyLos Angeles County

Building Information for 1432 Fairbanks Place

Stories-Residences-Year Built1926Building Size-Lot Size0.12 AC / 5,203 SF

Property Information for 1432 Fairbanks Place

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Apartment
  • Security Features: None
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $107,420
  • Net Operating Income: $83,056.00
  • Gross Income: $110,742
  • Cap Rate: 4.88%
  • Gross Rent Multiplier: $15.35
  • Actual Annual Gross Rent: $110,742.48
  • Actual Gross Annual Income: $110,742
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 27686
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Alley: No
  • Lot Acreage: 0.1194
  • Lot Size Square Feet: 5203
  • Lot Size Dimensions: 40x130
  • Source Lot Size Dimensions: Other
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Hood Fan, Garbage Disposal
  • Cooking Appliances: Gas
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-03-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,334.90
  • Unit Actual Rent: $1,334.90
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,282.80
  • Unit Actual Rent: $2,282.80
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,496.00
  • Unit Actual Rent: $2,496.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,114.80
  • Unit Actual Rent: $3,114.80
  • Unit Projected Rent: $3,750.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $355,079.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $828,523.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $1,183,602.00

Property History for 1432 Fairbanks Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1432 Fairbanks Place

Taxable ValueLand$845,093Additions$362,180Total$1,207,273
Tax Record2024$14,913 ($1,243 / month)
Home Facts
Total Finished SqFt2,852 SqFtAbove Grade Finished SqFt2,852 SqFtLot Size5,201 SqFtStyleQuadraplexYear Built1926ZoningLAR2CountyLOS ANGELESAPN5419-024-030

Schools near 1432 Fairbanks Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Logan Academy of Global Ecology
PublicK to 8

Belmont Senior High School
Public9 to 12

Miguel Contreras Learning Complex School
Public9 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.

Similar Homes

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1432 Fairbanks Place is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on June 1, 2024 by Horizon Real Estate Management Group, it's currently listed at $1,650,000. It has been on the market for a total of 196 days and was last sold on March 7, 2013. This listing's school district is Los Angeles Unified School District. Nearby schools include Logan Academy of Global Ecology, Belmont Senior High School and Miguel Contreras Learning Complex School. 1432 Fairbanks Place is a 7-bed, 4-bath, 2,852 sqft multi-family home built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Horizon Real Estate Management Group, Henry Aviles, DRE #01323324

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.