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Listed by Cynthia Burts, DRE #01134271 • Burts & Associates
$ 7,400,000
Est. payment /mo
Active
1545 S Fairfax Los Angeles, CA 90019
6,554 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26150926
Year Built 2019
Lot Size 6,554 Sqft
Source California Regional MLS
Property Description
We are 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 A
Location
State CA
County Los Angeles
Area C09 - Beverlywood Vicinity
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Gas Hookup, 30, 38
Exterior
Parking Features Underground Parking
Garage Spaces 34.0
Pool None
View City Lights
Building
Water District - Public
Others
Tax ID 5068021028
Special Listing Condition Not Applicable
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