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Listed by Everett Wong • Greysteel California, Inc.
$ 3,600,000
Est. payment /mo
New
1118 S Fairfax AVE Los Angeles, CA 90019
0.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25197767
Year Built 1955
Lot Size 0.267 Acres
Source California Regional MLS
Property Description
Presenting a rare opportunity to acquire a well-maintained 16-unit multifamily property prominently located along one of LA's iconic North/South avenues. Offered at an 11.3x GRM, 1118 S. Fairfax features a diverse and attractive unit mix of 3 studios, 7 one-bedrooms, and 6 two-bedrooms with upside in rents close to 40% from current to market. The property is ideally positioned in the high-demand Carthay Square/Wilshire Vista area, where residents benefit from excellent connectivity to major employment hubs and close proximity to renowned dining, retail, and cultural destinations - making this a prime investment in one of LA's most dynamic rental submarkets. 1118 S. Fairfax will be delivered with two (2) renovated one-bedroom vacant units which are ready for immediate occupancy - or additional value-add improvements. The mandatory soft-story seismic retrofit has been completed.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Laundry Community Facility
Exterior
Parking Features Carport
Garage Spaces 20.0
Pool None
Building
Water District - Public
Others
Tax ID 5086005037
Special Listing Condition Not Applicable
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