Listed by Burts & Associates, Eric Girod
$7,400,000
1545 S Fairfax Avenue
Details
APN 5068021028
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,665
Net Rentable (SqFt) 12,665
Units 10
Cap Rate 3.88%
NOI $286,901
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5.48%
Pro-Forma NOI $405,701
Price per SqFt $584
Class A
Year Built 2019
Buildings 1
Stories 4
Acreage 0.151
Zoning Assessor
Parking Spaces 17 spaces
Parking per 1,000 SqFt 1.34
Investment Type Value Add
Ownership Fee Simple
Multifamily | 3.88% CAP | 10 Units
Marketing 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 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.
Investment 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
- Walkable to Premier Amenities, The Grove, Farmers Market, Museum Row, LACMA, Restaurants
- Surrounded by Major Employment Centers, healthcare facilities, and cultural destinations.
- Strong Neighborhood Demographics supporting long-term rental growth
- Limited Competing Apartment Supply in a mature infill market
- Rare Fairfax Corridor Investment Opportunity offering long-term appreciation potential
- Central Los Angeles Location with access to Downtown LA, Beverly Hills, Culver City & West Hollywood
- Proximity to Major Employers - Cedars-Sinai Medical Center, UCLA, Entertainment Studios & the Miracle Mile Business District
- Excellent Walk Score -easy access to Grocery Stores, Cafes, Retail, Parks & Many Conveniences
- Close to the Metro Purple Line Wilshire/Fairfax Station & many other Transportation Corridors
Listing Contacts
Listed by Burts & Associates, Eric Girod
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$286,901.00
$23,908.42/mo
Valuation Metrics
0
DSCR
3.88%
Cap Rate
3.88%
ROI
Map
Zoning
[Q]R3-1-O ResidentialMulti FamilyQualified Multiple Residential Oil Drilling
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View all 676 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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