571 Fairview Avenue

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.