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Property view

1215 S Fairfax Avenue, 
Los Angeles, CA 90019

$2,700,000

—

Bed

—

Bath

8,578

Sq Ft

Multi-Family

Sold

Listed by

Cameron Samimi

Bought with Lyon Stahl Investment Real Estate, Inc.

Lyon Stahl Investment Real Estate, Inc.

310-425-9838

MLS#

SB23064576

Source:

CRMLS

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About This Home

1215 S Fairfax Avenue

SELLER FINANCING AVAILABLE!!! Yes, the seller will carry the debt at 4% interest only with $1.2M down on this asset for three years. Very rare to find an asset like this in Carthay, the most desired pocket of Los Angeles. You will not find a better price/unit or price/sf in the area. Due to location, this is a perfect asset to TIC and sell off as individual TIC homes with a total sales price of $7,200,000. You cannot find a better deal than this. To learn more please see exit TIC SALE proforma on page 14 of the OM. 1215 S Fairfax Ave is a 12 unit trophy asset located in an A+ area. The subject property is priced at only $233k/unit and has over 100% upside in rents. Once rented for market, 1215 S Fairfax will operate at a 10.44% CAP and 7.44 GRM. This is the ideal opportunity for any value-add investor looking for major upside in a top-tier location. 1215 S Fairfax is comprised of (10) 1Bed+1Bath and (2) Studio+1Bath units. Due to its location, the subject property demands high rents, beneficial to any new buyer. There are (4) 2 car garages located in the rear alley way, as well as plenty of street and permitted parking. There is also a shared laundry room on site. Located just minutes away from many shops, restaurants and other entertainment- this is a renter's dream! With a 91 walk score, this property is considered a walker's paradise,

Home Facts

Multi-Family

Built in 1950

Price Summary

2,800,000

$326 per Sq. Ft.

MLS #:

SB23064576

Sold:

October 2, 2023

Rooms & Interior

Interior

Living Area:

8,578 Sq. Ft.

Structure

Structure

Year Built:

1950

Lot

Lot Size (Sq. Ft):

8,254

Finances & Disclosures

Finances

Price:

$2,800,000

Price per Sq. Ft:

$326 per Sq. Ft.

Source:CRMLS
Based on information from California Regional Multiple Listing Service, Inc. as of September 9, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.