Fairview Apartments 571 Fairview Ave 38 Unit Apartment Building $5,500,000 ($144,737/Unit) 7.02% Cap Rate Los Angeles, CA 90033

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale the Fairview Apartments (the “Property”), a value-add 38-unit multifamily investment opportunity located in the historic neighborhood of Boyle Heights, Los Angeles. This boutique asset represents a compelling opportunity to acquire a well-maintained building with significant upside potential through strategic renovations and unit repositioning. The seller has already invested ±$175K to modernize 15 of the 38 units (39%), demonstrating meaningful renovation upside across the remaining unit mix.
Built in an era of durable construction and classic architectural character, Fairview Apartments offers the ideal foundation for value-creation through modernization. The Property comprises 38 residential units that provide residents with comfortable living spaces well-suited for today’s renters. The building’s established presence and proven operational track record create a stable platform for implementing targeted capital improvements that can unlock substantial rent growth.
Strategically positioned in Boyle Heights with direct access to multiple Metro Gold Line stations, Fairview Apartments benefits from exceptional transit connectivity
to Downtown LA, USC Medical Center, and the Arts District. It’s location right off Interstate 10 makes it appealing to rents commuting to the city for their employment. The Property enjoys proximity to Cesar Chavez Avenue’s established retail corridor and iconic neighborhood landmarks including Mariachi Plaza. With the Property located in a walkable neighborhood and comprehensive transit options, Fairview offers residents authentic East Los Angeles living with car-optional convenience
and immediate access to LA’s core employment centers, all at accessible price points that significantly under comparable transit-oriented communities in adjacent premium markets.