1545 S Fairfax Ave - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$7,400,000 USD
310-308-8003
1545 S Fairfax Ave, Los Angeles, CA for Sale
$7,400,000 USD
Apartments - FOR SALE
1/41
null | 3.88% Cap Rate

1545 S Fairfax Ave
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • 2019-Constructed Multifamily Asset – Modern Construction with Low Near-Term Capital Expenditures
  • Prime Fairfax District Location – One of Los Angeles' Premier Rental Markets
  • Exceptional Large Unit Mix – (2) 3-Bed/3-Bath Townhome-Style Units, (6) 3-Bed/2-Bath Units, (1) 2-Bed/2-Bath Unit & (1) ) 3-Bed/2-Bath Unit Affordable
  • Assumable $3,000,000 Loan – 3.90% Fixed Through 2029, Then Converts to an Adjustable-Rate Loan
  • Builder Warranty Through 2029 – Covers Qualifying Structural, Roof, Plumbing & Electrical Defects
  • 17 Subterranean Parking Spaces – With Elevator Access to all Residential Floors.

OVERVIEW

Burts & Associates is proud to present 1545 S. Fairfax Avenue, a rare opportunity to acquire a 2019-constructed, 10-unit multifamily apartment community in the highly desirable Fairfax District of Los Angeles. This contemporary four-story property features 17 subterranean parking spaces, modern construction, quality finishes, low near-term capital expenditure requirements, and the added benefit of an assumable $3,000,000 loan at a 3.90% fixed interest rate through 2029, providing attractive in-place financing. The property offers an outstanding unit mix of (2) three-bedroom/three-bathroom townhome-style units, (6) three-bedroom/two-bathroom units, (1) two-bedroom/two-bathroom unit, and (1) designated three-bedroom/two-bathroom affordable housing unit. The spacious floor plans support strong tenant demand and stable occupancy, while the original builder's warranty remains in effect through 2029, covering qualifying construction-related defects, including the roof structure, plumbing, and electrical systems. Ideally located just minutes from The Grove, Original Farmers Market, LACMA, Cedars-Sinai Medical Center, UCLA, and the Metro D (Purple) Line Wilshire/Fairfax Station, the property provides convenient access to Beverly Hills, Century City, Culver City, West Hollywood, and Downtown Los Angeles. Combining modern construction, attractive assumable financing, stable in-place income, and an irreplaceable infill location, 1545 S. Fairfax Avenue represents a rare opportunity to acquire a newer-generation multifamily asset in one of Southern California's most sought-after investment markets.

FOR SALE DETAILS

PRICE

$7,400,000 USD

PRICE/SF

$584 USD /SF

# OF UNITS

10

PRICE/UNIT

$740,000

CAP RATE

3.88%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2019

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R3

APN/PARCEL ID

5068-021-028

ASK ABOUT THIS PROPERTY

Cynthia BurtsBurts & AssociatesMore Info
310-308-8003

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

Cynthia BurtsBurts & AssociatesMore Info
310-308-8003

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