421-425 S Fairfax Ave - Medical FOR SALE


Los Angeles, CA 90036- Miracle Mile
$15,999,000 USD
213-500-3512
421-425 S Fairfax Ave, Los Angeles, CA for Sale
$15,999,000 USD
Medical - FOR SALE
1/5
null | Request Cap Rate

421-425 S Fairfax Ave
Los Angeles, CA 90036
Miracle Mile


HIGHLIGHTS

  • 3-Story Office Building With Ground Floor Retail
  • Signalized Corner of Fairfax Ave & Colgate Ave | 35,444 VPD Traffic Count
  • Garage and Surface Parking for 33± Vehicles + Free Street Parking for 2 Hours
  • Large Flag Sign with Grandfathered Permit
  • Month-to-Month Tenancy
  • Just Blocks From The Grove!

OVERVIEW

Major Properties proudly presents the Fairfax-Colgate Building—a standout addition to the L.A. office market. Renovated in 2015, this three-story, 15,624-square-foot building sits on a 9,350-square-foot lot, offering prime signalized corner exposure and signage on busy Fairfax Avenue. The 2025 traffic count is 35,444 vehicles per day. The ground floor retail consists of 2,400 SF with 3 restrooms. The office space is on the 2nd and 3rd floor, with 2 restrooms on each floor. The 2nd and 3rd floors are 5,920 SF each. The penthouse is 1,035 SF. The building size per Assessor is 14,181 SF, and the gross footage with penthouse and stairwell is 15,624 SF. The property offers onsite surface and covered parking for 33 vehicles, in addition to abundant metered street parking in the immediate area. Situated at the northwest corner of Fairfax Avenue and Colgate Avenue, the property is across Colgate from Samy's Camera, and is just 3 blocks south of 3rd Street and the Farmer’s Market and Grove shopping mall. Park La Brea is across Fairfax, where plans have been approved for Palazzo #3 (verify). Cedars-Sinai Medical Center and the Beverly Center are just minutes away. The Metro Purple Subway Line is poised to open in the near future along Wilshire Blvd, 7 blocks to the south. The neighborhood includes CBS Studios, Canters Deli, Pan Pacific Park, Peterson Automotive Museum, Los Angeles County Museum of Art, La Brea Tar Pits, and the site is adjacent to Beverly Hills, West Hollywood, Hollywood, and the Miracle Mile.

FOR SALE DETAILS

PRICE

$15,999,000 USD

PRICE/SF

$1,024 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

3 Story Fairfax-Colgate Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,350 SF

ZONING

LA C2-1VL-O

APN/PARCEL ID

5511-039-032

ASK ABOUT THIS PROPERTY

Charlie RosenbergMajor PropertiesMore Info
213-500-3512

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Charlie RosenbergMajor PropertiesMore Info
213-500-3512

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