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Listed by Cameron Samimi, DRE #02035763 • Lyon Stahl Investment Real Estate, Inc.
$ 2,600,000
Est. payment | /mo
8,255 Sqft Lot
$ 2,600,000
Est. payment | /mo
8,255 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26125710
Year Built 1950
Lot Size 8,255 Sqft
Source California Regional MLS
Property Description
1215 S Fairfax Ave presents the opportunity to acquire a 12-unit apartment community in one of Los Angeles' most desirable and supply-constrained rental markets. Located just south of Olympic Boulevard, the property sits in the heart of the Fairfax District, providing tenants with immediate access to Miracle Mile, Beverly Grove, Culver City, The Grove, LACMA, the Academy Museum, and the Wilshire Corridor's expanding employment and entertainment hubs. The property's central location continues to attract strong rental demand from professionals seeking convenient access to the Westside, Downtown Los Angeles, Hollywood, and Beverly Hills. The property consists of 12 units totaling approximately 8,578 square feet on an 8,257 square foot LAR3-zoned lot and offers investors a compelling value-add opportunity through both rental repositioning and future development potential. Existing rents remain substantially below market, creating significant upside through unit turnover and renovations. Adding to the investment story, ownership has completed plans for the conversion of the existing garage into a new two-story, six-unit ADU structure consisting entirely of 1-bedroom/1-bathroom units. The proposed project would increase the property from 12 units to 18 units while adding approxim
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Laundry Laundry Area
Exterior
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Tax ID 5086003003
Special Listing Condition Not Applicable
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