571 Fairview Avenue
Los Angeles, CA 90033
Map
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1964 build
- – on site
This 38-unit apartment building offers significant upside through interior and exterior renovations. With rents below market and many units in original condition, a strategic value add approach can unlock immediate equity and long-term rental growth in one of LA's most culturally rich and rapidly evolving neighborhoods. Located within a designated Opportunity Zone, this asset presents substantial tax incentive potential for investors. Qualified buyers can defer or reduce capital gains taxes by reinvesting in this property, enhancing both short-term profitability and long-term financial planning. The building offers the unique ability to be repositioned as an affordable housing asset. This strategy may qualify the buyer for property tax abatements, reducing operating expenses while meeting a critical housing need in Los Angeles. Buyer to verify program eligibility and guidelines. Positioned just one mile from Downtown LA, this is the closest you can be in Boyle Heights to the city's urban core. The property benefits from the convenience, employment, and amenities of Downtown while maintaining the charm and character of a residential enclave. Twelve of the units enjoy breathtaking, unobstructed views of the Downtown Los Angeles skyline. These desirable outlooks are a premium feature that adds instant appeal for renters seeking an elevated living experience, setting the property apart from competing assets. Centrally located between the USC Medical Center and White Memorial Hospital, this building is ideally situated to attract healthcare professionals, students, and staff. The surrounding medical infrastructure continues to grow, providing stable rental demand and strong tenant demographics. The property includes valuable onsite parking, a significant advantage in a high-density urban environment. This convenience enhances tenant satisfaction and broadens your potential renter pool, especially among professionals and commuters.
Last checked:
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Last updated May 20, 2025
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MLS# 25537377 —
The Building
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Year Built:1964
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New Construction:No
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Building Area Total:12006.00
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Total Number Of Units:38
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# of Buildings:1
Interior
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Levels:Three Or More
Location
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Directions:Turn right onto Bridge Street from Cesar Chavez.
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Latitude:34.05362600
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Longitude:-118.22117900
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:16879.0000
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Lot Size Acres:0.3875
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Lot Size SqFt:16879.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5174011022
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking Spaces:19.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/12/25
May 12, 2025
|
Listed / Active | CRMLS_CA | $6,150,000 | 23.1% (19.9% / YR) |
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3/13/24
Mar 13, 2024
|
CRMLS_CA | $4,995,000 | -16.8% | |
|
1/2/24
Jan 2, 2024
|
CRMLS_CA | $6,000,000 |
