1118 S Fairfax Avenue, Los Angeles, CA 90019

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

Listed by Everett Wong • Greysteel California, Inc.

$3,600,000

Est. payment - /mo

13,091 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 13,091 sqft

Price per Sqft $274

MLS Listing ID CRPW25197767

HOA Y/N No

Year Built 1955

Lot Size 0.267 Acres

Property Sub-Type Other

Source Datashare California Regional

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 LAâ€™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

Interior

Fireplace No

Laundry Common Area

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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1118 S Fairfax Avenue Los Angeles, CA 90019

Sean Beattie Jr.

Key Details

Location

Interior

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