419 N Stanley Ave, Los Angeles, CA 90036
Beautiful Spanish-Style 4-plex in the Fairfax District
Sold: $2,070,000
Property Highlights
4 Units Built in 1927
Unit Mix: (4) 2-bed / 1-bath units
5,383 square feet; units average over 1,300 SQFT
One unit delivered vacant
New roof and plumbing
First time on market in over 60 years
Generated 11 offers and closed early with a local investor
The Deal Story
The Glaser Group is pleased to present the successful sale of 419 N Stanley Ave, a 4-unit Spanish-style apartment building located in the Fairfax District, one of the most desired residential neighborhoods in Los Angeles. The 5,383 square foot property was built in 1927 and is comprised of (4) two bed, one bath units. The charming property has been under the same ownership for over 60 years and provides large and bright units with hardwood flooring throughout, averaging over 1,300 SQFT each. One of the upstairs units has been recently renovated with a brand-new bathroom. The property was previously owner-occupied, so one of the units will be delivered vacant at sale. The building’s exterior, grounds and landscaping have all been extremely well maintained. Additionally, there are four parking garages in the backyard. Substantial upside in rents provide potential investors with an opportunity to add-value to a beautifully constructed asset in a prime L.A. neighborhood.
Our clients inherited this Spanish 4-plex, which was owned by thier family for over 60 years. My team and I were hired for our expertise in the 90036 submarket, and after generating 11 offers, we ultimately closed early with a local investor.
419 N Stanley Ave is in the heart of the Fairfax District, more specifically in the Beverly Fairfax neighborhood, which was recently recognized by the National Register of Historic Places for its architecture and cultural history. The quiet residential area borders Beverly Ave and Fairfax Ave, where long-standing Jewish businesses like Canter’s Deli share space with a number of cutting-edge streetwear designers. It’s also walking distance to The Grove, Pan Pacific Park and CBS Studios, a major employment center in the area. This unique location offers tenants access to both the quaint residential allure of Beverly Fairfax along with bustling commercial and entertainment zones. The property is highly walkable, and its central location offers residents easy access to all pockets of Los Angeles via the 10, 110 and 405 freeways.
