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4173 Fair Ave 5 Unit Apartment Building $2,647,645 CAD ($529,529 CAD/Unit) 4.57% Cap Rate Studio City, CA 91602
Executive Summary
4173 Fair Ave is a 5-unit multifamily property located in the desirable Studio City 91602 zip code. The three-story building was constructed in 1975 and sits on an approximately 6,340 square foot lot with a total gross building area of approximately 5,371 square feet. The property features a well-balanced unit mix of one- and two-bedroom units, several with den layouts offering flexible living space. Zoned LAR1 and offered with fee-simple ownership, the property is situated near Ventura Boulevard with convenient access to dining, shopping, entertainment, major employment centers, and regional transportation corridors.
Property Facts
| Price | $2,647,645 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $529,529 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.57% | Building Size | 5,371 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | Parking Ratio | 1.86/1,000 SF |
| Zoning | LAR1 | ||
| Price | $2,647,645 CAD |
| Price Per Unit | $529,529 CAD |
| Sale Type | Investment |
| Cap Rate | 4.57% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,371 SF |
| No. Stories | 3 |
| Year Built | 1975 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | LAR1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 800 - 8,000 |
| 2+2 | 1 | - | 1,200 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2366-028-017 | Improvements Assessment | $588,183 CAD |
| Land Assessment | $2,244,652 CAD | Total Assessment | $2,832,835 CAD |
Property Taxes
Parcel Number
2366-028-017
Land Assessment
$2,244,652 CAD
Improvements Assessment
$588,183 CAD
Total Assessment
$2,832,835 CAD
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4173 Fair Ave
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