1601 Fair Park Ave Eagle Rock, CA 90041
Property details
About 1601 Fair Park Ave
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.
Highlights
Summary
- Appliances: Gas Oven, Gas Range
- Flooring Type: Wood
- Interior: All Bedrooms Down
- Fireplace: None
- Garage Space: 4 spaces
- Private Pool: No
- Parking: Garage, Garage Faces Side
- View: Neighborhood
- Heating: Floor Furnace
- Cooling: Wall/Window Unit(s)
- List Price: $170,000
- HOA Amount: $0
- Directions: Corner of Fair Park Avenue and Townsend just north of Yosemite Drive
- Year Built: 1928
- Stories: 1
- Lot Size: 0.1876 Acres
- MLS Number: SB25158948
- MLS Name: CRMLS
- Office Name: Re/Max Commercial & Investment
- Office Email: slampe@remaxcir.com
- Listing Agent: Stephen Lampe
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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Last updated on: 7/24/2025, 3:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Nearby schools
7
Dahlia Heights Elementary
Public District KG-6
0.3 mi
•5063 Floristan Ave
6
Rockdale Visual & Performing Arts Magnet
Public Magnet KG-6
0.4 mi
•1303 Yosemite Dr
7
Eagle Rock Elementary & Magnet Center
Public District KG-6
0.7 mi
•2057 Fair Park Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $80,585. Most Eagle Rock, CA residents have annual incomes between $35k-100k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Men's Tennis
Hiking/backpacking
Major League Soccer (MLS)
Where do the neighbors shop?
Nordstrom Rack
Bloomingdales
Banana Republic
Where do the neighbors go to eat?
The Cheesecake Factory
Starbucks
Jack In The Box
What do the neighbors drive?
Volvo
Audi
Toyota
What do the neighbors listen to?
News
Alternative
Jazz
Frequently asked questions
About 1601 Fair Park Ave
The listing price of 1601 Fair Park Ave property is $170,000.
The property 1601 Fair Park Ave is a condo located in Eagle Rock, California, 90041.
Active Listing: 1601 Fair Park Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1601 Fair Park Ave are: Dahlia Heights Elementary (GreatSchools Rating 7/10), Rockdale Visual & Performing Arts Magnet (GreatSchools Rating 6/10), Eagle Rock Elementary & Magnet Center (GreatSchools Rating 7/10), Luther Burbank Middle School (GreatSchools Rating 6/10), Arroyo Seco Museum Science (GreatSchools Rating 6/10), Irving STEAM Magnet (GreatSchools Rating 7/10), Eagle Rock Jr. / Sr. High School (GreatSchools Rating 7/10), Puc Cals Middle School and Early College High School (GreatSchools Rating 5/10), Highland Park Continuation (GreatSchools Rating 2/10).
The property at 1601 Fair Park Ave has 0 bathroom.
The year of construction for 1601 Fair Park Ave is 1928.
This home is located at 1601 Fair Park Ave in Eagle Rock, CA and zip code 90041 in the Northeast LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 15, 2025 and is currently priced at $170,000.
In June 2025, from all listings sold in Eagle Rock, CA there were more than 282 sold above asking price, over 339 sold below and more than 108 were sold right at the asked price. In June 2025 in Eagle Rock, CA there were 9% more homes for sale than in May. In June 2025, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $876,067.