571 Fairview Avenue, Los Angeles, CA 90033

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
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571 Fairview Avenue,Los Angeles, CA 90033
$5,695,000
  • 1 Beds
  • 38 Baths
  • 12,006 sq. ft.
  • Multi-family
  • Active
Listed by:kian maronde
Office:marcus & millichap
MLS#:25537377
Source:CRMLS

Price summary

  • Price:$5,695,000
  • Price per sq. ft.:$474.35

About this home

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

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Home facts

  • Year built:1964
  • Listing Id #:25537377
  • Added:94 day(s) ago
  • Updated:August 13, 2025 at 01:21 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:38
  • Living area:12,006 sq. ft.

Structure and exterior

  • Year built:1964
  • Building area:12,006 sq. ft.
  • Lot area:0.39 Acres

Finances and disclosures

  • Price:$5,695,000
  • Price per sq. ft.:$474.35
Based on information from California Regional Multiple Listing Service, Inc. as of August 14, 2025 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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