1241 N Fairfax Ave - Apartments FOR SALE


West Hollywood, CA 90046
$4,775,000 USD
818-216-2599
1241 N Fairfax Ave, West Hollywood, CA for Sale
$4,775,000 USD
Apartments - FOR SALE
1/36
null | 3.29% Cap Rate

1241 N Fairfax Ave
West Hollywood, CA 90046


HIGHLIGHTS

  • Heavily in demand area
  • Prime location for walkability

OVERVIEW

Prime 14-unit Mid-century gem in the heart of West Hollywood, ideally situated between to Santa Monica and Sunset Boulevards and close to shopping, restaurants, and nightlife. Sited on an 8,700+ sq ft lot, this pride-of-ownership building features bright and spacious units with hardwood floors, updated kitchens, and modernized systems throughout. A large front facing 2-bedroom, 2-bath unit will be delivered vacant, perfect for immediate additional income. The property includes off-street tuck-under and carport parking for all units, with additional storage for select units. All state and local mandated soft-story and other seismic retrofits - including elevated structure compliance completed by current owner. Additional upgrades include newer dual-pane windows, updated systems, new front awnings, and fresh exterior paint in 2023. Located in the strong WeHo rental market, this is an ideal investment opportunity and a smart choice for a 1031 exchange.

FOR SALE DETAILS

PRICE

$4,775,000 USD

PRICE/SF

$460 USD /SF

# OF UNITS

14

PRICE/UNIT

$341,071

CAP RATE

3.29%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,795 SF

ZONING

R4, West Hollywood

APN/PARCEL ID

5554-012-009

ASK ABOUT THIS PROPERTY

Ian BrinkSotheby's International RealtyMore Info
818-216-2599

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Ian BrinkSotheby's International RealtyMore Info
818-216-2599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.