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EXECUTIVE SUMMARY
Prime Commercial Property for Sale 115-117 N Fairfax Ave, Los Angeles, CA 90036. Excellent opportunity to own a highly visible commercial property located on one of Los Angeles' busiest and most well-traveled corridors. 115-117 N Fairfax Ave offers exceptional exposure with heavy vehicle and pedestrian traffic daily. Situated directly across from CBS Studios and less than one mile from The Grove and The Original Farmers Market, this property is surrounded by thriving businesses, restaurants, and entertainment destinations in one of LA's most sought-after commercial districts. The property was previously occupied by a long-standing Tenant and is now vacant, offering a blank canvas for investors or business owners to establish their vision. Ideal for a variety of uses such as retail, restaurant, showroom, office, service, or creative space. There is plenty of street parking available, and private onsite parking in the rear of the property. Centrally located near major Los Angeles destinations including Hollywood, Beverly Hills (Rodeo Drive), Santa Monica, and Downtown LA. The site offers convenient access to multiple freeways, LAX, and nearby beaches making it perfectly positioned for both local and regional connectivity. Located in a booming and highly desirable area of Southern California, this property provides an excellent opportunity to invest or operate in a prime Los Angeles location that continues to grow in value and demand.
PRICED BELOW TAX ASSESSED VALUE!!!
PRICED BELOW TAX ASSESSED VALUE!!!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,600 SF
Building Class
B
Year Built
1950
Price
$3,500,000
Price Per SF
$972.22
Tenancy
Single
Building Height
1 Story
Building FAR
0.59
Lot Size
0.14 AC
Zoning
LAC2 - Commercial
Parking
4 Spaces (1.11 Spaces per 1,000 SF Leased)
Frontage
75’ on North Fairfax Avenue
AMENITIES
- Signage
Walk Score®
Walker's Paradise (97)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5511-001-006 | Improvements Assessment | $474,422 |
| Land Assessment | $3,849,480 | Total Assessment | $4,323,902 |
PROPERTY TAXES
Parcel Number
5511-001-006
Land Assessment
$3,849,480
Improvements Assessment
$474,422
Total Assessment
$4,323,902
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115 N Fairfax Ave
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