$ 3,600,000
-
$3,600,000
Price -
5
Bed -
5
Bath -
13,091
SqFt
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About the Listing PB17996 - PWEVERETT
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 LA’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.
Listing Highlights for 1118 S Fairfax Ave
Status
Active
Days on Site
3
Property Type
Multi-Family
MLS ®
PW25197767
Year Built
1955
Total Square Footage
13,091
Lot/Acreage
0.27
County
Los Angeles
Interior Details
- Bedrooms: 5
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 10 car
- Parking Spaces: 20
- Zoning: LAR4
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Attached Carport
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5086005037
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Listing Location
Questions About..
1118 S Fairfax Ave Los Angeles, CA 90019
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