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$ 4,500,000
Est. payment | /mo
18 Beds
22 Baths
10,228 SqFt
$ 4,500,000
Est. payment | /mo
18 Beds
22 Baths
10,228 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,228 sqft
Price per Sqft $439
MLS Listing ID 26662067
Bedrooms 18
HOA Y/N No
Year Built 1923
Lot Size 0.483 Acres
Property Description
1227-1237 Fairfax Avenue presents a 22-unit multifamily investment opportunity featuring a prominent 1920s-character building with strong street presence and architectural pedigree. Located in a highly desirable, high-demand rental corridor, the asset combines historic charm with meaningful repositioning potential. The property generates solid in-place income at a 12.55 GRM and 4.24% cap rate, equating to approximately $204,545 per unit and $437 per square foot. Significant upside exists through a strategic renovation program designed to enhance interior finishes while preserving the building's vintage character. Situated on a large 21,029-square-foot lot, the property offers additional potential for ADUs and/or the addition of parking in the expansive rear open space (buyer to verify). The oversized parcel further enhances long-term value and optionality. 1227-1237 Fairfax Avenue presents a classic value-add opportunity with substantial rental upside in one of Los Angeles' most sought-after submarkets.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR4*
Interior
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Parking Features None
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5554012011
Special Listing Condition Standard
Virtual Tour https://drive.google.com/drive/folders/1MnEDAeDdwWn9wYTTs0ZSCmrCuFpDiZ5b?usp=drive_link
Listed by David Miller Miller & Desatnik Realty Co. #02105346
NEARBY SCHOOL & BUSINESS
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA
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