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 urban core. The property benefits from the convenience, employment, and amenities of Downtown while maintaining the charm and character of a residential enclave. Twelve of the units enjoy breathtaking, unobstructed views of the Downtown Los Angeles skyline. These desirable outlooks are a premium feature that adds instant appeal for renters seeking an elevated living experience, setting the property apart from competing assets. Centrally located between the USC Medical Center and White Memorial Hospital, this building is ideally situated to attract healthcare professionals, students, and staff. The surrounding medical infrastructure continues to grow, providing stable rental demand and strong tenant demographics. The property includes valuable onsite parking, a significant advantage in a high-density urban environment. This convenience enhances tenant satisfaction and broadens your potential renter pool, especially among professionals and commuters.
Property Details
Price:
$5,695,000
MLS #:
25537377
Status:
Active
Baths:
0
Type:
Residential Income
Neighborhood:
boyhboyleheights
Listed Date:
May 12, 2025
Lot Size:
16,879 sqft / 0.39 acres (approx)
Year Built:
1964
See this Listing
Schools
Interior
Exterior
Parking Spots
19.00
Financial
Map
Community
- Address571 Fairview Avenue Los Angeles CA
- NeighborhoodBOYH – Boyle Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90033
Subdivisions in Los Angeles
- 1788
- 6525 La Mirada
- 6790
- Adams-Normandie
- Angeleno Heights
- ARLINGTON HEIGHTS TERRACE SUBDIVISION NO. 1
- Athens Subdivision
- Avalon Gardens
- Baldwin Hills
- Beachwood Canyon Estates
- Bel Air Crest
- Bel Air Park
- Brentwood Country Estates
- Bronson Homes
- Crestwood Hills
- Ela Hills Tr
- Gramercy Park
- Harvard Heights
- Higgins Building
- Highland Park Extension
- Kentwood
- LA PALOMA ADD
- LaBrea Vista
- Lake Hollywood Estates
- Las Collinas Heights
- LE MOYNE TERRACES TRACT NO. 2
- Metropolis Prop
- Metropolis Tower 1
- Mid-City Heights
- Montecito Heights
- MountainGate Country Club / The Ridge
- Mulholland Corridor
- Nelavida
- Not Applicable – 1007242
- Not Applicable-105
- Other – 0011
- OTHR
- Pickford 4
- Rampart Heights
- Sunset Terrace
- Tapestry
- The Los Feliz Oaks Neighborhood
- The Ritz Carlton Residences Los Angeles
- TRACT #8330 LOT 59
- Tract No 3643 / Hollywood Hills East
- TRACT NO. 9741
- University Heights
- W Hollywood Residences
- West Adams
- West Hollywood West
- Wisendanger\’s Prospect Park Addition
Market Summary
Current real estate data for Residential Income in Los Angeles as of Oct 23, 2025
1,650
Residential Income Listed
212
Avg DOM
$1,943,637
Avg List Price
Property Summary
- 571 Fairview Avenue Los Angeles CA is a Residential Income for sale in Los Angeles, CA, 90033. It is listed for $5,695,000
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571 Fairview Avenue
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