5761 Fair Avenue, North Hollywood, CA 91601 - Berkshire Hathaway HomeServices California Properties

Photo of Robert Johnson

Robert Johnson REALTOR® - Sales Associate 805-705-1606 m
Lic#: 01879477
NRDS ID: 199504848
robertjohnson@bhhscal.com Santa Barbara Office
3868 State St
Santa Barbara, CA 93105
Phone: 805-687-2666
Fax: 805-563-0053

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Agent Remarks

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!

Listing Details

Property type: (Multi-Family)

Status: Active Under Contract

MLS# 26655935

List price is $1,299,000 Reduced by $96,000 on 5/23/2026

Beds: 8

Baths: 8

Built in 1945

5,100 sqft

2 stories

0.15 acres

Lot size: 0.1498