1215 S Fairfax Ave, Los Angeles, CA 90019

1215 S Fairfax Ave, Los Angeles, CA 90019

Los Angeles, CA

Property Description


  • Seller financing available! 4% IO with 30% down for 3 years
  • Once rented for market, the property will operate at a 9.31% CAP and 8.30 GRM
  • (10) Oversized 1Bed+1Bath and (2) Studio+1Bath units
  • Trophy Asset in A+ Location with Over 100% Upside in Market rents
  • Priced at only $275k/Unit!
  • Located in one of LA’s top rental markets


Seller Financing Available! 200% potential return on TIC SALE Structure. Yes, the seller will carry the debt at 4% interest only with 30% down on this asset for three years. Very rare to find an asset like this in Carthay, the most desired pocket of Los Angeles. You will not find a better price/unit or price/sf in the area. Due to location, this is a perfect asset to TIC and sell off as individual TIC homes with a total sales price of $7,200,000. With seller financing in place, you cannot find a better deal than this. To learn more please see exit TIC SALE proforma on page 14 of the OM. 1215 S Fairfax Ave is a 12 unit trophy asset located in an A+ area. The subject property is priced at only $275k/unit and has over 100% upside in rents. Once rented for market, 1215 S Fairfax will operate at a 9.31% CAP and 8.30 GRM. This is the ideal opportunity for any value-add investor looking for major upside in a top-tier location. 1215 S Fairfax is comprised of (10) 1Bed+1Bath and (2) Studio+1Bath units. Due to its location, the subject property demands high rents, beneficial to any new buyer. There are (4) 2 car garages located in the rear alleyway, as well as plenty of street and permitted parking. There is also a shared laundry room on site. Located just minutes away from many shops, restaurants, and other entertainment- this is a renter’s dream! With a 91 walk score, this property is considered a walker’s paradise.

Property Features

  • Sale Price: $2,700,000
  • Area Size: 8,578 Sq. Ft.
  • Land Area: 8,255 Sq. Ft.
  • Year Built: 1950
  • Listing Date: 4/19/2023
  • Closing Date: 9/30/2023
  • Units: 12
  • Current GRM: 15.71
  • Current Cap Rate: 3.69%
  • Price Per Unit: $252,083
  • Market GRM: 8.04
  • Market Cap Rate: 9.57%
  • Current NOI: $111,497

Lyon Stahl Investment Real Estate

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