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In-PersonVirtual Tour
$ 4,500,000
Est. payment | /mo
10,228 SqFt
$ 4,500,000
Est. payment | /mo
10,228 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,228 sqft
Price per Sqft $439
MLS Listing ID CL26662067
HOA Y/N No
Year Built 1923
Lot Size 0.483 Acres
Acres 0.48
Property Sub-Type Other
Property Description
1227-1237 Fairfax Avenue presents a 22-unit multifamily investment opportunity featuring a prominent 1920s-character building with strong street presence and architectural pedigree. Located in a highly desirable, high-demand rental corridor, the asset combines historic charm with meaningful repositioning potential. The property generates solid in-place income at a 12.55 GRM and 4.24% cap rate, equating to approximately $204,545 per unit and $437 per square foot. Significant upside exists through a strategic renovation program designed to enhance interior finishes while preserving the building's vintage character. Situated on a large 21,029-square-foot lot, the property offers additional potential for ADUs and/or the addition of parking in the expansive rear open space (buyer to verify). The oversized parcel further enhances long-term value and optionality. 1227-1237 Fairfax Avenue presents a classic value-add opportunity with substantial rental upside in one of Los Angeles' most sought-after submarkets.
Location
State CA
County Los Angeles
Zoning WDR4
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 5554012011
Virtual Tour https://drive.google.com/drive/folders/1MnEDAeDdwWn9wYTTs0ZSCmrCuFpDiZ5b?usp=drive_link
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by David Miller • Miller & Desatnik Realty Co.
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