Back

1 of 32

2 of 32

3 of 32

4 of 32

5 of 32

6 of 32

7 of 32

8 of 32

9 of 32

10 of 32

11 of 32

12 of 32

13 of 32

14 of 32

15 of 32

16 of 32

17 of 32

18 of 32

19 of 32

20 of 32

21 of 32

22 of 32

23 of 32

24 of 32

25 of 32

26 of 32

27 of 32

28 of 32

29 of 32

30 of 32

31 of 32

32 of 32

1215 S Fairfax Ave
Los Angeles, CA 90019 Mid-City

$2,600,000 USD

Apartments For Sale • 8,578 SF

Property Details

Property Type Apartments
Total Building Size 8,578 SF
Lot Size 0.19 AC
Building Class C
Year Built 1950
Zoning R3, Los Angeles

70 Transit Score

80 Walk Score

                
                    Highlights
                
                                Potential to add (6) new 1-bedroom ADU units through proposed garage conversion plans, increasing the property from 12 units to 18 units, buyer to ver
                            
                                Over 48% rental upside with existing rents substantially below market levels.
                            
                                Projected 13.78% Pro Forma CAP Rate and 5.74 Pro Forma GRM at market rents.
                            
                                Located in the heart of the Fairfax District, minutes from The Grove, LACMA, Academy Museum, Beverly Grove, Miracle Mile, and Culver City.
                            
                                $216K price per unit.
                            
                                Large 8,257 SF LAR3-zoned lot in one of Los Angeles’ strongest and most supply-constrained rental submarkets.

Property Flyers

OM - 1215 Fairfax Ave Final

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	18 min	-	9.0 mi
Bob Hope	28 min	-	13.2 mi
Long Beach (Daugherty Field)	36 min	-	25.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	Surface
Included in Rent:	Yes

Cameron Samimi 310-259-7556 Lyon Stahl Investment Real Estate

1215 S Fairfax Ave Los Angeles, CA 90019 Mid-City