1316 N Fairfax Avenue West Hollywood, CA $ 3,400,000
1316 N Fairfax Avenue
$ 3,400,000
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1316 N Fairfax Avenue

West Hollywood, CA, 90046
$ 3,400,000
Baths0.0 Sq 7,885

Monthly Estimate*

$ 22,597

Listed by Power Brokers
1316 N Fairfax Avenue, West Hollywood, CA 90046 - Image 1
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Studio

Commercial Property for sale in West Hollywood, CA

for $3,400,000. This 7,885 square foot building was built in 1967 on a lot size of 0.1504.

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.

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Commercial Active

Price

$ 3,400,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.1504

Year Built

1967

Town/City

West Hollywood

County/Region

Los Angeles

MLS | Web ID

24389019

Days on Market

20

Features
General
Heating NaturalGas WallFurnace
Roof Asphalt CommonRoof
Zoning R2-1XL
HOA 0.0
Security Features CarbonMonoxideDetectors FireRatedDrywall SmokeDetectors WindowBars
Construction Materials Stucco
Year Built 1967
Electric Standard
Tax Year 2024
Community Features Park
County Los Angeles
Net Operating Income 152142.0
Insurance Expense 11282.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Possible Use MultiFamily
Garage Y/N N
Special Listing Conditions Standard
Status Active
Buyer Financing Cash Conventional
Directions On Fairfax 3 buildings north of Fountain.
City West Hollywood
Disclosures RentControl
View Y/N N
Senior Community Y/N N
Total Units 8
MLS Area C20 - Hollywood
Lot Size Square Feet 6550.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Fairfax
Listing Terms Conventional
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 360.0
Home Warranty Y/N N
Trash Expense 3720.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 20
Standard Status Active
Cap Rate 4.47
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Exterior
Lot Features Landscaped NearPark NearPublicTransit RectangularLot SprinklersManual ValueInLand
Water Source Public
Total Parking 8.0
Lot Size Area 6550.0
Number of Buildings 1
Spa N
Building Area Total 7885.0
Lot Dimensions 131x50
Lot Size Acres 0.1504
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features CommonArea LaundryRoom
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 1316
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* Excluded Features
List By
Power Brokers

Broker

(310) 770-3698

Phone

Affordability Calculator

$22,597
Per Month
100%
0%
0%
Monthly Principal & Interest
$22,597
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/9/2024$3,400,000 Listed Price

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1316 N Fairfax Avenue, West Hollywood, CA, 90046 is a Commercial Property for sale at $3,400,000 with 7,885 sqft and a lot size of 0.1504. 1316 N Fairfax Avenue is a studio with 0.0 baths and was built in 1967. The property's zip code is 90046 which is in West Hollywood, CA