Property listed by Miller & Desatnik Realty Co., David Miller 310-202-9166
$4,500,000
12271237 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%… Read More 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. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
18
Square Ft.
10,228
Lot Size
0.48 Acres
Year Built
1923
MLS Number
26662067
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1923, Living area: 10228.0, 12 buildings, 1 storey, Levels: One
Heating
WallFurnace
Income
Gross Income: $358,651, Net Operating Income: $190,720
Lot
0.4828 acres
Parking
None
Taxes
Parcel Number: 5554012011, Zoning: WDR4*
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Based on information from California Regional Multiple Listing Service, Inc. as of 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. Properties may or may not be listed by the office/agent presenting the information.
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