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23473941
23473942

608 Fairview Ave, Los angeles, CA 90033

SG
CA 02194905
BURNWOOD
Listed by BURNWOOD
$1,450,000
378 days on market
Updated 36 days ago
Opportunity zone

608 Fairview Ave

Details
APN 5174-011-011
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,052
Net Rentable (SqFt) 4,800
Units 4
Cap Rate 7.4%
NOI $107,353
Occupancy 100%
Pro-Forma Cap Rate 7.4%
Pro-Forma NOI $107,353
Price per SqFt $475
Class A
Year Built 1908
Year Renovated 2
Buildings 2
Stories 2
Lot Size (SqFt) 5,005
Zoning R2
Parking Spaces 2 spaces
Parking Per SqFt 0.66
Investment Type Stabilized

Turnkey 4-Unit | New Construction ADU

Marketing description

Welcome to 606–608 Fairview Avenue, a rare opportunity to own a fully modernized duplex with two newly constructed ADUs in the heart of Boyle Heights. Thoughtfully designed with contemporary finishes and unmatched functionality, this exceptional four-unit offering blends luxury, practicality, and long-term investment value in one of LA’s most promising neighborhoods.

Modern Design & High-End Finishes

Step into open, light-filled interiors featuring bright white walls, premium engineered hardwood flooring, and oversized windows that

bathe the space in natural light. Each unit is outfitted with full kitchens that include quartz countertops, sleek white cabinetry with gold

hardware, and open floating wood shelving for a clean yet warm aesthetic. Bathrooms are appointed with floating vanities, glass-

enclosed showers, and large tile floors for a modern spa-inspired feel.

Designed for today’s lifestyle, each unit features in-unit washers and dryers, high-efficiency forced air heating, and ductless mini-split

air conditioning systems that provide both climate control and energy savings. All kitchens include a complete appliance package with

dishwashers, ovens, ranges, and full-size refrigerators. These well-appointed interiors are move-in ready and built to attract high-quality

tenants.

Exterior Appeal

With clean white stucco siding, matte black modern windows, and custom metal railings, the property offers a strong architectural

presence. The grounds have been enhanced with newly installed turf landscaping, a modern paver driveway, and well-lit walkways.

Elevated decks and spacious side yards add to the charm and livability of the outdoor spaces.

Newly Constructed ADUs

Located at the rear of the property, two brand-new stacked ADUs mirror the quality and sophistication of the front duplex. With private

entrances, elevated front patios, full kitchens, and stylish bathrooms, these units are turnkey investments. Their placement and design

offer privacy and flexibility—ideal for renters or extended families.

ADU Disclosure

Please note that construction on the two rear ADUs is currently in progress and estimated to be completed by June 2025. This estimated

completion date is subject to change based on permitting, construction schedules, and other variables.

All prospective buyers are strongly advised to conduct their own due diligence regarding the status of construction, permits, timelines,

and any other material factors relevant to their purchase decision.

Further updates and disclosures regarding the construction status will be provided as they become available.

Investment highlights

Units Breakdown

  • Unit 606 – 2 Bed / 2 Bath (Occupied) | Current Rent: $2,439/month

  • Unit 608 – 3 Bed / 2 Bath (Vacant) | Proforma Rent: $3,500/month

  • ADU 1 (Rear) – 2 Bed / 2 Bath (Vacant) | Proforma Rent: $2,439/month

  • ADU 2 (Rear) – 2 Bed / 2 Bath (Vacant) | Proforma Rent: $2,439/month

Listing Contacts

SG
CA 02194905
BURNWOOD
Listed by BURNWOOD

Valuation Calculator

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$107,353.00
$8,946.08/mo

Valuation Metrics

0
DSCR
7.4%
Cap Rate
7.4%
ROI

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Additional Information

Name
Steven W. Gray
License
02194905
Brokerage
exp of greater los angeles
Brokerage Phone
888.584.9427
Title
Broker
Brokerage Address
303 North Glenoaks Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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