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USACAEagle Rock1601 Fair Park Ave
1601 Fair Park Ave, Condo with 0 bedrooms, 0 bathrooms and 4 parking in Eagle Rock CA | Image 1
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$170,000

1601 Fair Park Ave, Eagle Rock, CA

Condo

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage Yes
Maintenance Fees 
Taxes 
Days Active 60
Approx. Age 1928
MLS® Number SB25158948

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

This is a 10% interest as a Tenant in Common with 3 other owners who own the remaining 90%. One of a kind Charming Spanish Adobe Style 6 unit 1920's apartment complex. Situated on a large corner lot in a quiet residential neighborhood with tree lined streets. All units are 1 bedroom 1 bath, and several have been remodeled, but have retained the charm and character of the 1920's with ceramic tile in the kitchens and bathrooms, and hardwood floors. There are 4 garages on the side of the property. The property is valued at $1, 700, 000 and has a TIC Agreement with the three other owners. There is an existing loan with a balance of $575, 000 and bears an interest rate of 4.75%. The monthly payment is $3, 129.88 of which $2, 284.96 was interest and $844.92 was principal reduction as of the May 2025 Mortgage Statement. The loan is a fully amortizing loan that matures on October 1, 2052 so there is no balloon payment. When taking 10% of the NOI of $9, 322 and deducting 10% of the annualized Mortgage Payment ($3, 759), and then adding back principal reduction of $1, 013, the total return is approximately $6, 576 or 5.85% on the required cash equity investment of $112, 500 and assuming $57, 500 of the loan for 10% ownership as a Tenant in Common.Show Description
MLS® NumberSB25158948
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelNone
Exposure
Exterior
GarageYes
Approx. Age1928
Stories1
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatFloor Furnace
A/CWall Window Units
Heating Fuel

Extras

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