Just reduced 5/23 Amazing deal! Rare multifamily opportunity with massive upside. Over 5,100 square feet of building area with the potential to convert back to 8 one-bedroom units (buyer to verify zoning, permits, and feasibility). Three 2 bedroom units delivered vacant, providing immediate opportunity for renovation, repositioning, and lease-up at market rents. Existing units offer strong value-add potential.Units are spacious with favorable layouts, and the property offers ample on-site parking, enhancing tenant appeal and rental demand. Located in a high-demand rental market with excellent long-term fundamentals, this asset is ideal for investors or developers seeking to maximize density, cash flow, and future appreciation. Exceptional Value!
Under contract
Price cut: $96K (5/23)
$1,299,000
5761 Fair Ave, North Hollywood, CA 91601
8beds
8baths
5,100sqft
:
Get pre-qualified$8,624/mo
Multi Family
Built in 1945
-- sqft lot
$1,211,800 Zestimate®
$255/sqft
$-- HOA
What's special
Ample on-site parkingFavorable layouts
- 168 days |
- 47 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Marcus Kassin DRE # 01216904 310-948-1915,
The Agency 424-230-3700
Source: CLAW,MLS#: 26655935
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Wall
Cooling
- None
Interior area
- Total structure area: 5,100
- Total interior livable area: 5,100 sqft
Property
Parking
- Parking features: Driveway - Combination, Driveway
- Has uncovered spaces: Yes
Features
- Levels: Two
Lot
- Size: 6,525 Square Feet
- Dimensions: 45 x 145
Details
- Additional structures: None
- Parcel number: 2337032001
- Zoning: LARD1.5
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1945
Community & HOA
Location
- Region: North Hollywood
Financial & listing details
- Price per square foot: $255/sqft
- Tax assessed value: $1,623,024
- Annual tax amount: $19,953
- Date on market: 2/25/2026
Estimated market value
$1,211,800
$1.15M - $1.27M
$2,977/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2026 | Contingent | $1,299,000$255/sqft |
Source:  CLAW #26655935 Report a problem | ||
| 5/23/2026 | Price change | $1,299,000-6.9%$255/sqft |
Source: CLAW #26655935 Report a problem | ||
| 2/25/2026 | Listed for sale | $1,395,000+39.5%$274/sqft |
Source: CLAW #26655935 Report a problem | ||
| 4/11/2025 | Sold | $1,000,000-20%$196/sqft |
Source:  CRMLS #SR25060755 Report a problem | ||
| 4/3/2025 | Pending sale | $1,250,000$245/sqft |
Source: CRMLS #SR25060755 Report a problem | ||
| 3/20/2025 | Listed for sale | $1,250,000$245/sqft |
Source: CRMLS #SR25060755 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,953 +1.3% | $1,623,024 +2% |
| 2024 | $19,697 +307.6% | $1,591,200 +351.8% |
| 2023 | $4,833 +4.5% | $352,230 +2% |
| 2022 | $4,623 +1.9% | $345,324 +2% |
| 2021 | $4,538 -0.8% | $338,553 +1% |
| 2020 | $4,574 | $335,083 +2% |
| 2019 | $4,574 +5.9% | $328,513 +2% |
| 2018 | $4,319 | $322,073 +2% |
| 2017 | $4,319 +2.1% | $315,759 +2% |
| 2016 | $4,231 +3.8% | $309,568 +1.5% |
| 2015 | $4,077 +0.4% | $304,919 +2% |
| 2014 | $4,061 | $298,948 +2.5% |
| 2012 | -- | $291,764 +2% |
| 2011 | -- | $286,044 +0.8% |
| 2010 | -- | $283,907 -0.2% |
| 2009 | -- | $284,583 +2% |
| 2008 | -- | $279,004 +2% |
| 2007 | -- | $273,534 +2% |
| 2006 | -- | $268,171 |
| 2005 | -- | $268,171 +4% |
| 2004 | -- | $257,760 +1.9% |
| 2003 | -- | $253,037 +2% |
| 2002 | -- | $248,076 -1.8% |
| 2000 | -- | $252,556 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: North Hollywood
Nearby schools
GreatSchools rating
- 6/10Lankershim Elementary SchoolGrades: K-5Distance: 0.7 mi
- 7/10Walter Reed Middle SchoolGrades: 6-8Distance: 1.7 mi
- 3/10East Valley Senior High SchoolGrades: 9-12Distance: 0.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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