West Hollywood, CA 90046 1316 N Fairfax Avenue
$3,400,000
13 more
Presented By: Grey Blavin with Power Brokers;
SQFT • 7,885
Home Details
Prime investment opportunity on the edge of West Hollywood! This 8 unit building features 4 spacious 2br/2bath units, and 4 large 1br/1bath units with parking. Units have been renovated as vacancies occur. Walkable to the Weho Whole Foods and the trendy restaurants and shops of the Sunset Strip, this location is as desirable for its neighborhood feel as it is for its easy accessibility to the Weho nightlife. This is a unique opportunity in a prime location.
Presented By: Grey Blavin with Power Brokers;
Interior Features for 1316 N Fairfax Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea, LaundryRoom
Street SuffixAvenue
Total Stories2
General for 1316 N Fairfax Avenue
Additional Parcels Y/NNo
Attached Garage No
Buyer FinancingCash, Conventional
Cap Rate4.47
Carport Y/NNo
CityWest Hollywood
Community FeaturesPark
Construction MaterialsStucco
CountyLos Angeles
Days on Market20
DirectionsOn Fairfax, 3 buildings north of Fountain.
DisclosuresRentControl
ElectricStandard
Electric Expense360.0
Garage Y/NNo
HOA0.0
HOA / Comm AssnNo
HeatingNaturalGas, WallFurnace
Home Warranty Y/NNo
Insurance Expense11282.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional
Lot Size Square Feet6550.0
MLS AreaC20 - Hollywood
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income152142.0
New ConstructionNo
Possible UseMultiFamily
Private PoolNo
Property Attached Y/NNo
Property TypeCommercialSale
Rent Control Y/NYes
RoofAsphalt, CommonRoof
Security FeaturesCarbonMonoxideDetectors, FireRatedDrywall, SmokeDetectors, WindowBars
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameFairfax
Tax Year2024
Total Units8
Trash Expense3720.0
View Y/NNo
Waterfront Y/NNo
Year Built1967
ZoningR2-1XL
Exterior for 1316 N Fairfax Avenue
Building Area Total7885.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions131x50
Lot FeaturesLandscaped, NearPark, NearPublicTransit, RectangularLot, SprinklersManual, ValueInLand
Lot Size Acres0.1504
Lot Size Area6550.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
LotDimensionsSourceAssessor
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking8.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480