1215 S Fairfax Avenue, Los Angeles, CA 90019
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
1215 S Fairfax Avenue,Los Angeles, CA 90019
$2,600,000
- - Beds
- - Baths
- 8,578 sq. ft.
- Multi-family
- Active
Listed by: cameron samimi
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26125710
Source:CRMLS
Price summary
- Price:$2,600,000
- Price per sq. ft.:$303.1
About this home
1215 S Fairfax Ave presents the opportunity to acquire a 12-unit apartment community in one of Los Angeles’ most desirable and supply-constrained rental markets. Located just south of Olympic Boulevard, the property sits in the heart of the Fairfax District, providing tenants with immediate access to Miracle Mile, Beverly Grove, Culver City, The Grove, LACMA, the Academy Museum, and the Wilshire Corridor’s expanding employment and entertainment hubs. The property’s central location continues to attract strong rental demand from professionals seeking convenient access to the Westside, Downtown Los Angeles, Hollywood, and Beverly Hills.
The property consists of 12 units totaling approximately 8,578 square feet on an 8,257 square foot LAR3-zoned lot and offers investors a compelling value-add opportunity through both rental repositioning and future development potential. Existing rents remain substantially below market, creating significant upside through unit turnover and renovations.
Adding to the investment story, ownership has completed plans for the conversion of the existing garage into a new two-story, six-unit ADU structure consisting entirely of 1-bedroom/1-bathroom units. The proposed project would increase the property from 12 units to 18 units while adding approximately 2,730 square feet of rentable area, creating a rare opportunity to substantially increase cash flow and long-term asset value in a high-barrier-to-entry submarket. Buyer to verify all plans, permits, approvals, and development feasibility.
With a premier Fairfax location, substantial rental upside, and a fully conceptualized six-unit ADU expansion opportunity, 1215 S Fairfax Ave offers investors the opportunity to acquire a value-add asset with multiple paths to increasing income and long-term appreciation....
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Home facts
- Year built:1950
- Listing ID #:SB26125710
- Added:35 day(s) ago
- Updated:July 09, 2026 at 01:41 PM
Rooms and interior
- Living area:8,578 sq. ft.
Structure and exterior
- Year built:1950
- Building area:8,578 sq. ft.
- Lot area:0.19 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,600,000
- Price per sq. ft.:$303.1
Features and amenities
- Laundry features:Common Area
Parking
- Total parking spaces:8
- Garage:Yes
- Garage spaces:8
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