1118 S Fairfax Avenue, Los Angeles, CA 90019
- $3,060,000
- Sold Price
- $3,060,000
- List Price
- $3,600,000
- Closing Date
- Oct 28, 2025
- Status
- CLOSED
- MLS#
- PW25197767
- Year Built
- 1955
- Lot Size
- 11,609
- Acres
- 0.27
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 26
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property Description
Presenting a rare opportunity to acquire a well-maintained 16-unit multifamily property prominently located along one of LA's iconic North/South avenues. Offered at an 11.3x GRM, 1118 S. Fairfax features a diverse and attractive unit mix of 3 studios, 7 one-bedrooms, and 6 two-bedrooms with upside in rents close to 40% from current to market. The property is ideally positioned in the high-demand Carthay Square/Wilshire Vista area, where residents benefit from excellent connectivity to major employment hubs and close proximity to renowned dining, retail, and cultural destinations - making this a prime investment in one of LA’s most dynamic rental submarkets. 1118 S. Fairfax will be delivered with two (2) renovated one-bedroom vacant units which are ready for immediate occupancy - or additional value-add improvements. The mandatory soft-story seismic retrofit has been completed.
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 10
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 16
- Gross Scheduled Income
- $317,676
- Operating Expense
- 130705
Listing courtesy of Listing Agent: Everett Wong (ewong@greysteel.com) from Listing Office: Greysteel California, Inc..
Listing sold by Everett Wong from Greysteel California, Inc.
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