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1601 Fair Park Avenue

Eagle Rock, CA 90041

– beds
– baths
– sqft
8,173 sqft lot
1928 build
– on site

This is a 10% interest as a Tenant in Common with 3 other owners who own the remaining 90%. One of a kind Charming Spanish Adobe Style 6 unit 1920's apartment complex. Situated on a large corner lot in a quiet residential neighborhood with tree lined streets. All units are 1 bedroom 1 bath, and several have been remodeled, but have retained the charm and character of the 1920's with ceramic tile in the kitchens and bathrooms, and hardwood floors. There are 4 garages on the side of the property. The property is valued at $1,700,000 and has a TIC Agreement with the three other owners. There is an existing loan with a balance of $575,000 and bears an interest rate of 4.75%. The monthly payment is $3,129.88 of which $2,284.96 was interest and $844.92 was principal reduction as of the May 2025 Mortgage Statement. The loan is a fully amortizing loan that matures on October 1, 2052 so there is no balloon payment. When taking 10% of the NOI of $9,322 and deducting 10% of the annualized Mortgage Payment ($3,759), and then adding back principal reduction of $1,013, the total return is approximately $6,576 or 5.85% on the required cash equity investment of $112,500 and assuming $57,500 of the loan for 10% ownership as a Tenant in Common.

Listed By CRMLS_CA / Stephen Lampe / Re/Max Commercial & Investment / slampe@remaxcir.com

Last checked: Checking… • Last updated Jul 15, 2025 •

MLS# SB25158948 —

The Building

Year Built:

1928
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

3900.00
Building Area Units:

Square Feet
Total Number Of Units:

6
# of Buildings:

1
Stories Total:

1
Entry Level:

1
Number With Patio:

6
Accessibility Features:

Other
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

6
# of Separate Electric Meters:

6

Interior

Levels:

One
Entry Location:

1
Flooring:

Wood
Room Type:

All Bedrooms Down
Fireplace:

No
Fireplace:

None
Laundry:

None

Location

Directions:

Corner of Fair Park Avenue and Townsend just north of Yosemite Drive
Latitude:

34.13434000
Longitude:

-118.20170600

The Property

Property Type:

Residential Income
Subtype:

Apartment
Lot Features:

31-35 Units/Acre
Lot Size Area:

8173.0000
Lot Size Acres:

0.1876
Lot Size SqFt:

8173.00
Lot Size Source:

Public Records
View:

1
View:

Neighborhood
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

745...
Tax Lot:

34

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5689009009

Heating & Cooling

Heating:

1
Heating:

Floor Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

Standard

Appliances

Appliances:

Gas Oven, Gas Range
Included:

Yes

The Community

Features:

Sidewalks
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

Yes
Assessments:

Buyer to Verify

Parking

Parking:

Yes
Parking:

Garage, Garage Faces Side
Parking Spaces:

4.00
Garage Spaces:

4.00

Extra Units

Number With Disposal:

6
Number With Refrigerator:

6

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
7/15/25 Jul 15, 2025	Listed / Active	CRMLS_CA	$170,000

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This multifamily located in Northeast LA, Los Angeles, CA 90041 is currently for sale for $170,000. 1601 Fair Park Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 1 days. 1601 Fair Park Avenue is in the Northeast LA neighborhood of Los Angeles and has a WalkScore® of 78, making it very walkable. This multifamily is in the attendance area of Dahlia Heights Elementary School and Eagle Rock High School.

Listing Courtesy of: CRMLS_CA and Re/Max Commercial & Investment. Based on information from California Regional Multiple Listing Service, Inc. as of 00:02 on Jul 16.

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.