We are proud to present 1545 S. Fairfax Avenue, a rare opportunity to acquire a 2019-constructed, 10-unit multifamily apartment community in the highly desirable Fairfax District of Los Angeles. This contemporary four-story property features 17 subterranean parking spaces, modern construction, quality finishes, low near-term capital expenditure requirements, and the added benefit of an assumable $3,000,000 loan at a 3.90% fixed interest rate through 2029, providing attractive in-place financing.
The property offers an outstanding unit mix of (2) three-bedroom/three-bathroom townhome-style units, (6) three-bedroom/two-bathroom units, (1) two-bedroom/two-bathroom unit, and (1) designated three-bedroom/two-bathroom affordable housing unit. The spacious floor plans support strong tenant demand and stable occupancy, while the original builder's warranty remains in effect through 2029, covering qualifying construction-related defects, including the roof structure, plumbing, and electrical systems.
Ideally located just minutes from The Grove, Original Farmers Market, LACMA, Cedars-Sinai Medical Center, UCLA, and the Metro D (Purple) Line Wilshire/Fairfax Station, the property provides convenient access to Beverly Hills, Century City, Culver City, West Hollywood, and Downtown Los Angeles. Combining modern construction, attractive assumable financing, stable in-place income, and an irreplaceable infill location, 1545 S. Fairfax Avenue represents a rare opportunity to acquire a newer-generation multifamily asset in one of Southern California's most sought-after investment markets.
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110
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Zillow last checked:
Listing updated:
Listed by:
Cynthia BurtsDRE #01134271310-308-8003,
Burts & Associates,
Sandy DunkleyDRE #01832146310-877-1887,
Equity Los Angeles
Source: CRMLS,MLS#: SR26150926Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 29
Bathrooms: 23
Heating
Central
Cooling
Central Air
Appliances
Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Features
Windows: Double Pane Windows
Common walls with other units/homes: 2+ Common Walls
Interior area
Total structure area: 10,785
Total interior livable area: 10,785 sqft
Property
Parking
Total spaces: 34
Parking features: Underground
Garage spaces: 17
Carport spaces: 17
Covered spaces: 34
Features
Entry location: Front
Pool features: None
Fencing: Security
Has view: Yes
View description: City Lights
Lot
Size: 6,554 Square Feet
Features: Rectangular Lot, Sprinkler System
Details
Parcel number: 5068021028
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes
Condition
New construction: No
Year built: 2019
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Curbs, Gutter(s), Street Lights, Suburban, Sidewalks