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1227 N Fairfax Ave 22 Unit Apartment Building $4,500,000 ($204,545/Unit) West Hollywood, CA 90046
Investment Highlights
- 22-unit apartment building with distinctive 1920s architecture.
- Offers long-term upside through renovation while preserving historic character.
- Positioned close to retail, dining, entertainment, and major roadways.
- Located in a high-demand rental corridor of West Hollywood near Melrose Avenue.
- Expansive 0.48-acre lot allows additional potential (buyer to verify).
- Provides stable cash flow with measurable value-add opportunity.
Executive Summary
1227–1237 Fairfax Avenue presents a 22-unit multifamily investment opportunity featuring a prominent 1920s-character building with strong street presence and architectural pedigree. Located in a highly desirable, high-demand rental corridor, the asset combines historic charm with meaningful repositioning potential. The property generates solid in-place income at a 12.55 GRM and 4.24% cap rate, equating to approximately $204,545 per unit and $437 per square foot. Significant upside exists through a strategic renovation program designed to enhance interior finishes while preserving the building’s vintage character. Situated on a large 21,029-square-foot lot, the property offers additional potential for ADUs and/or the addition of parking in the expansive rear open space (buyer to verify). The oversized parcel further enhances long-term value and optionality. 1227–1237 Fairfax Avenue presents a classic value-add opportunity with substantial rental upside in one of Los Angeles’ most sought-after submarkets.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,500,000 | Apartment Style | Garden |
| Price Per Unit | $204,545 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.48 AC |
| Gross Rent Multiplier | 12.55 | Building Size | 10,288 SF |
| No. Units | 22 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1924 |
| Zoning | R4B | ||
| Price | $4,500,000 |
| Price Per Unit | $204,545 |
| Sale Type | Investment |
| Gross Rent Multiplier | 12.55 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.48 AC |
| Building Size | 10,288 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1924 |
| Zoning | R4B |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,306 | 250 |
| 1+1 | 18 | $1,370 | 350 |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $506,389 | |
| Land Assessment | $1,166,965 | Total Assessment | $1,673,354 |
Property Taxes
Parcel Numbers
Land Assessment
$1,166,965
Improvements Assessment
$506,389
Total Assessment
$1,673,354
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1227 N Fairfax Ave
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