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1316 N Fairfax Avenue

West Hollywood, CA 90046
  • $2,400,000
  • STATUS: Active Under Contract
  • ON SITE: 247 Days
  • ID#: 24391109
Under Contract
UPDATED: 32 min ago
$2,400,000
  • 12
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,885
    SQFT
  • $349
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1967
County:

School Ratings & Info

Listing Agent(s): Grey Blavin of Power Brokers (424-738-5900) and Marc 'Meir' Nemetsky of ()


Description

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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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-16T16:36:03.12. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/150486662
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1316 N Fairfax Avenue West Hollywood, CA 90046

  • Price: $2,400,000
  • Status: Active Under Contract
  • On Site: 247 Days
  • Updated: 32 min ago
  • ID#: 24391109
12
Beds
0
Baths
0
½ Baths
0.15
Acres
6,885
SQFT
$349
$/SQFT
1967
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
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.
Exterior Features

Construction Materials StuccoWood Siding Direction Faces West Entry Location Ground Level w/steps Exterior Features Rain Gutters Lot Features LandscapedRectangular LotValue In Land Number Of Separate Electric Meters 8 Parking Features AssignedCoveredDrivewayShared DrivewayOn Street Parking Total 8 Patio And Porch Features Concrete

Interior Features

Appliances DisposalRangeRefrigeratorRange HoodDryerWasher Cooling Wall/Window Unit(s) Cooling YN Yes Flooring CarpetTileVinylWood Interior Features BalconyCeiling Fan(s)Storage Window Features BlindsDouble Pane WindowsDrapes

Property Features

Additional Parcels YN No Association YN No Buyer Financing CashConventional Cap Rate 6.49 Disclosures Rent Control Electric Expense 360 Gross Income 177504 Inclusions Common area coin operated washer/dryer. Each unit comes with rangerefrigeratorand wall a/c unit. Insurance Expense 11282 Laundry Features Laundry Room Levels Two Listing Agreement Seller Reserved Listing Service Full Service Maintenance Expense 200 Net Operating Income 153942 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 0 Number Of Units Leased 8 Property Condition Repairs CosmeticUpdated/Remodeled Rent Control YN Yes Security Features Window Bars Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Trash Expense 3720 Utilities Overhead Utilities Vacancy Allowance Rate 1 Water Sewer Expense 8000 Water Source Public Zoning R2-1XL



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-16T16:36:03.12. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Grey Blavin of Power Brokers (424-738-5900) and Marc 'Meir' Nemetsky of ()