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5918 S Fairfax Ave 5918 S Fairfax Ave 2 Unit Apartment Building $1,249,000 ($624,500/Unit) 4.86% Cap Rate Los Angeles, CA 90056
INVESTMENT HIGHLIGHTS
- Two Vacant 2+1 Units — Maximize upside or owner occupy/house hack.
- Updated Kitchens — Stainless steel appliances and ample cabinet space.
- ADU Potential — Two separate garages at the rear offer a prime opportunity for ADU conversion, adding value and future income streams.
- Move-In Ready — Freshly painted exterior and interiors, hardwood floors, ceiling fans, and in-unit washer/dryers.
- Low-Maintenance Asset — Minimal work needed to maintain; clean and well cared for.
EXECUTIVE SUMMARY
** RARE FULLY VACANT DUPLEX ** Contact David Messiah for OM
This Updated Duplex offers Two Spacious 2-bedroom/1-bath units delivered completely Vacant and is move in ready with a functional layout. With 2,174 square feet of living space on a generous 7,068 square foot lot, this property is ideal for both owner-users and investors seeking strong income potential to capitalize on NEW SB 79 in Ladera Heights.
Both units feature freshly painted interiors, hardwood floors, ceiling fans, stainless steel appliances, and convenient in-unit washer and dryers. The exterior has been freshly painted, giving the property a clean, modern look. There are Two Detached Garages in the back of the lot which provide excellent potential to capitalize on NEW SB 79 by performing an ADU Conversion, allowing someone to maximize the upside. The oversized lot offers flexibility for future improvements while still maintaining ample yard space and parking. (Buyer to verify)
Situated in a Central Location with easy access to Culver City, the New Crenshaw/LAX Metro Line, Kenneth Hahn Park, and major freeways, this property is surrounded by strong rental demand and neighborhood growth. 5918 S Fairfax Ave blends move-in-ready condition with future upside in one of Los Angeles’s most promising areas.
This Updated Duplex offers Two Spacious 2-bedroom/1-bath units delivered completely Vacant and is move in ready with a functional layout. With 2,174 square feet of living space on a generous 7,068 square foot lot, this property is ideal for both owner-users and investors seeking strong income potential to capitalize on NEW SB 79 in Ladera Heights.
Both units feature freshly painted interiors, hardwood floors, ceiling fans, stainless steel appliances, and convenient in-unit washer and dryers. The exterior has been freshly painted, giving the property a clean, modern look. There are Two Detached Garages in the back of the lot which provide excellent potential to capitalize on NEW SB 79 by performing an ADU Conversion, allowing someone to maximize the upside. The oversized lot offers flexibility for future improvements while still maintaining ample yard space and parking. (Buyer to verify)
Situated in a Central Location with easy access to Culver City, the New Crenshaw/LAX Metro Line, Kenneth Hahn Park, and major freeways, this property is surrounded by strong rental demand and neighborhood growth. 5918 S Fairfax Ave blends move-in-ready condition with future upside in one of Los Angeles’s most promising areas.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,249,000 | Apartment Style | Low-Rise |
| Price Per Unit | $624,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.86% | Building Size | 2,174 SF |
| Gross Rent Multiplier | 14.87 | Average Occupancy | 0% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | Parking Ratio | 0.92/1,000 SF |
| Zoning | LCR2Y - Residential | ||
| Price | $1,249,000 |
| Price Per Unit | $624,500 |
| Sale Type | Investment |
| Cap Rate | 4.86% |
| Gross Rent Multiplier | 14.87 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 2,174 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1949 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | LCR2Y - Residential |
AMENITIES
UNIT AMENITIES
- Fireplace
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Hardwood Floors
- Refrigerator
- Yard
- Porch
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $3,500 | 1,081 - 1,500 |
1 1
Walk Score®
Very Walkable (80)
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