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$3,600,000
Est. payment /mo
0.27 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25197767
HOA Y/N No
Year Built 1955
Lot Size 0.266 Acres
Property Sub-Type Mixed Use
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
Zoning LAR4
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Attached Carport
Garage Spaces 10.0
Carport Spaces 10
Garage Description 10.0
Pool None
Community Features Urban
Total Parking Spaces 20
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5086005037
Energy Description 3835.0
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Lease Land No
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Listed by Everett Wong Greysteel California, Inc. 310-382-6705