355-359 N Fairfax Ave | Los Angeles, CA 90036
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- LoopNet Team
355-359 N Fairfax Ave
Los Angeles, CA 90036
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 5,400 square foot mixed-use retail and office building
- Ability to construct an additional 1,700 SF third floor rooftop space with 800 SF terrace
- Daily traffic counts exceeding 32,000 vehicles per day
- 48% occupancy with short term leases and considerable rental upside & Current rents average $3.45/SF, gross, well below market rent
- Ideal ground floor unit sizes averaging 1,400 square feet & 50’ of linear frontage along Fairfax Avenue
- Zoned C2-1VL with a Tier 1 TOC designation
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,400 SF
Building Class
C
Year Built
1957
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
0.89
Lot Size
0.14 AC
Zoning
C2-1VL - Retail, Office, Restaurant
Parking
9 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
50’ on N Fairfax Ave
PROPERTY TAXES
| Parcel Number | 5527-036-013 | Improvements Assessment | $566,691 |
| Land Assessment | $2,947,534 | Total Assessment | $3,514,225 |
PROPERTY TAXES
Parcel Number
5527-036-013
Land Assessment
$2,947,534
Improvements Assessment
$566,691
Total Assessment
$3,514,225
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