1229 N Fairfax Ave, West Hollywood, CA 90046
1229 N Fairfax Ave, West Hollywood, CA 90046
1229 N Fairfax Ave, West Hollywood, CA 90046
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$4,500,000
Est. payment /mo
18 Beds
22 Baths
10,228 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,228 sqft

Price per Sqft $439

MLS Listing ID 26662067

Bedrooms 18

Year Built 1923

Lot Size 0.483 Acres

Acres 0.2429

Property Sub-Type Multi-Family

Property Description

1227-1237 Fairfax Avenue presents a 22-unit multifamily investment opportunity featuring a prominent 1920s-character building with strong street presence and architectural pedigree. Located in a highly desirable, high-demand rental corridor, the asset combines historic charm with meaningful repositioning potential. The property generates solid in-place income at a 12.55 GRM and 4.24% cap rate, equating to approximately $204,545 per unit and $437 per square foot. Significant upside exists through a strategic renovation program designed to enhance interior finishes while preserving the building's vintage character. Situated on a large 21,029-square-foot lot, the property offers additional potential for ADUs and/or the addition of parking in the expansive rear open space (buyer to verify). The oversized parcel further enhances long-term value and optionality. 1227-1237 Fairfax Avenue presents a classic value-add opportunity with substantial rental upside in one of Los Angeles' most sought-after submarkets.

Location

State CA

County Los Angeles

Area West Hollywood Vicinity

Zoning WDR4*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment Range/Oven, Refrigerator

Exterior

Parking Features None

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard

Virtual Tour https://drive.google.com/drive/folders/1MnEDAeDdwWn9wYTTs0ZSCmrCuFpDiZ5b?usp=drive_link


Read Less Info
TheMLS (CLAW)
Listed by Miller & Desatnik Realty Co.
Gabriel Colombo

Gabriel Colombo

Agent | License ID: 02266753

+1(213) 259-6619

GET MORE INFORMATION

Name
Phone*
Message

Go tour this home

1229 N Fairfax Ave