1215 South Fairfax Avenue
1215 South Fairfax Avenue
$2,700,000
10
12
8,578
8,578
$315
Closed 10/2/23
Description
Seller financing available! Yes, the seller will carry the debt
at 4% interest only with $1.2M 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. You cannot find a better deal than this. To learn
more please see exit TIC SALE proforma on page 14...Seller financing available! Yes, the seller will carry the debt
at 4% interest only with $1.2M 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. 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 $233k/unit and
has over 100% upside in rents. Once rented for market, 1215 S
Fairfax will operate at a 10.44% CAP and 7.44 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 alley way, 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,
at 4% interest only with $1.2M 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. You cannot find a better deal than this. To learn
more please see exit TIC SALE proforma on page 14...Seller financing available! Yes, the seller will carry the debt
at 4% interest only with $1.2M 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. 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 $233k/unit and
has over 100% upside in rents. Once rented for market, 1215 S
Fairfax will operate at a 10.44% CAP and 7.44 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 alley way, 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,
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 1215 South Fairfax Avenue
Parking Spaces Total
8
Private PoolNo
Total Units12.0
Building TypeAttached
Lot Size SourceAssessor
Living Area8578
Assessor Parcel Number5086-003-003
Property Attached YNtrue
Location
LISTING UPDATED: 10/02/2023 01:28 AM
Property Details for 1215 South Fairfax Avenue
Status | Closed |
---|---|
MLS # | SB23064576 |
Days on Market | 153 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1950 |
County | Los Angeles County |
Location
Building Information for 1215 South Fairfax Avenue
Building/Complex1215 S Fairfax AveFloor-Stories2Residences-Pet Policy-Year Built1950Building Size-
Payment Calculator
$16,164 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1215 South Fairfax Avenue
Property History for 1215 South Fairfax Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1215 South Fairfax Avenue
Taxable ValueLand$1,161,590Additions$136,771Total$1,298,361
Tax Record2023$17,150 ($1,429 / month)
Home Facts
Total Finished SqFt8,578 SqFtAbove Grade Finished SqFt8,578 SqFtLot Size8,255 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningLAR3CountyLOS ANGELESAPN5086-003-003
Schools near 1215 South Fairfax Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Carthay Center Elementary PublicK to 5 | ||
Emerson Community Charter School Charter6 to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
Los Angeles Center For Enriched Studies Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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