A 1926 Fairfax duplex with a pool closed at $2,250,000
849 N Alta Vista Blvd in Fairfax closed on September 17, 2019 at $2,250,000. That is about $1,125,000 a unit. At about $1,125,000 a unit, the rent from two units does not explain the price on its own.
| Address | 849 N Alta Vista Blvd, Los Angeles, CA 90046 |
|---|---|
| Units | 2 |
| Building size | 2,980 sq ft |
| Built | 1926 |
| Closed at | $2,250,000 |
| Closed on | September 17, 2019 |
The county file for this parcel is on its building page.
Two units on R3 land.
The city zoning layer puts this lot in R3, a multifamily zone that allows about one home for every 800 square feet of lot. The county roll lists two units built in 1926, which puts the building under the city rent control law.
Who pays a price like this.
An investor prices a building from its rents. At about $1,125,000 a unit, the price here pays for more than what two rent-controlled units bring in, such as a place to live or the land under it.
Closed by Shaya Lowenstein, CA DRE #01942326. The address, size and closing figures are from the closed-sales record on this site and can be checked against the Los Angeles County recorder.
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