3 Story Fairfax-Colgate Building 421-425 S Fairfax Ave 15,624 SF 80% Leased Office Building Los Angeles, CA 90036 $12,999,999 ($832.05/SF)

Sale price reduced! Seller motivated! Major Properties proudly presents the Fairfax-Colgate Building—a standout addition to the L.A. office market. Renovated in 2015, this three-story, 15,624-square-foot building sits on a 9,350-square-foot lot, offering prime signalized corner exposure and signage on busy Fairfax Avenue. The 2025 traffic count is 35,444 vehicles per day.
The ground floor retail consists of 2,400 SF with 3 restrooms. The office space is on the 2nd and 3rd floor, with 2 restrooms on each floor. The 2nd and 3rd floors are 5,920 SF each. The penthouse is 1,035 SF. The building size per Assessor is 14,181 SF, and the gross footage with penthouse and stairwell is 15,624 SF. The property offers onsite surface and covered parking for 33 vehicles, in addition to abundant metered street parking in the immediate area.
Situated at the northwest corner of Fairfax Avenue and Colgate Avenue, the property is across Colgate from Samy's Camera, and is just 3 blocks south of 3rd Street and the Farmer’s Market and Grove shopping mall. Park La Brea is across Fairfax, where plans have been approved for Palazzo #3 (verify). Cedars-Sinai Medical Center and the Beverly Center are just minutes away. The Metro Purple Subway Line is poised to open in the near future along Wilshire Blvd, 7 blocks to the south.
The neighborhood includes CBS Studios, Canters Deli, Pan Pacific Park, Peterson Automotive Museum, Los Angeles County Museum of Art, La Brea Tar Pits, and the site is adjacent to Beverly Hills, West Hollywood, Hollywood, and the Miracle Mile.