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371 S Fairfax Ave 1,500 SF Vacant Retail Building Los Angeles, CA 90036 $2,235,000 ($1,490/SF)
Investment Highlights
- First Time on the Market in +/- 50 Years | Iconic 1950's Service Station
- Prime Miracle Mile / Fairfax Corridor Location | Strong Surrounding Demographics and Foot Traffic
- Walking Distance from The Original Farmers Market and The Grove
- Billboard Income
- $155,452 Average Household Income in 1-Mile
- 27,000 VPD Along Fairfax Avenue | 22,000 VPD Along West 3rd Street
Executive Summary
Positioned in the heart of Los Angeles’ highly sought-after Miracle Mile submarket, 371 S. Fairfax Ave presents a rare opportunity to
acquire a well-located commercial asset in one of the city’s most dynamic corridors. The property consists of approximately +/- 1,500 square feet of building area situated on a +/- 9,339 SF parcel.
acquire a well-located commercial asset in one of the city’s most dynamic corridors. The property consists of approximately +/- 1,500 square feet of building area situated on a +/- 9,339 SF parcel.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,500 SF
Building Class
C
Year Built
1947
Price
$2,235,000
Price Per SF
$1,490
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.16
Lot Size
0.21 AC
Zoning
C2
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5511-038-029 | Improvements Assessment | $36,966 |
| Land Assessment | $175,066 | Total Assessment | $212,032 |
Property Taxes
Parcel Number
5511-038-029
Land Assessment
$175,066
Improvements Assessment
$36,966
Total Assessment
$212,032
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371 S Fairfax Ave
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