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Listed by Everett Wong • Greysteel California, Inc.
$ 3,600,000
Est. payment | /mo
0.27 Acres Lot
$ 3,600,000
Est. payment | /mo
0.27 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25197767
Year Built 1955
Lot Size 0.267 Acres
Source California Regional MLS
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 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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Laundry Community Facility
Exterior
Parking Features Carport
Garage Spaces 20.0
Pool None
Building
Water District - Public
Others
Tax ID 5086005037
Special Listing Condition Not Applicable
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Dave Lucas
REALTOR® | Lic# 02092197