Price Reduced Listing
1545 S Fairfax,Los Angeles, CA 90019
Los Angeles, CA 90019
Description
$600,000 MAJOR PRICE REDUCTION - 3.9% Assumable Loan - MOTIVATED SELLER - SUBMIT OFFERS. We are proud to present 1545 S. Fairfax Avenue, a rare opportunity to acquire a 2019-constructed, 10-unit multifamily apartment community in the highly desirable Fairfax District of Los Angeles. This contemporary four-story property features 17 subterranean parking spaces, modern construction, quality finishes, low near-term capital expenditure requirements, and the added benefit of an assumable $3,000,000 loan at a 3.90% fixed interest rate through 2029, providing attractive in-place financing. The property offers an outstanding unit mix of (2) three-bedroom/three-bathroom townhome-style units, (6) three-bedroom/two-bathroom units, (1) two-bedroom/two-bathroom unit, and (1) designated three-bedroom/two-bathroom affordable housing unit. The spacious floor plans support strong tenant demand and stable occupancy, while the original builder's warranty remains in effect through 2029, covering qualifying construction-related defects, including the roof structure, plumbing, and electrical systems. Ideally located just minutes from The Grove, Original Farmers Market, LACMA, Cedars-Sinai Medical Center, UCLA, and the Metro D (Purple) Line Wilshire/Fairfax Station, the property provides convenient access to Beverly Hills, Century City, Culver City, West Hollywood, and Downtown Los Angeles. Combining modern construction, attractive assumable financing, stable in-place income, and an irreplaceable infill location, 1545 S. Fairfax Avenue represents a rare opportunity to acquire a newer-generation multifamily asset in one of Southern California's most sought-after investment markets.
Details
| MLS # | SR26150926 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 2019 |
| Days On Site | 108 |
| Listing Provided By | Burts & Associates | Cynthia Burts |
Features
| SQ Feet | 10,785 |
|---|---|
| Garage | 17 |
| Car Port | Yes |
| Story(s) | 4 |
| Units | 10 |
| Building(s) | 1 |
| Acreage | 0.15 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Window Features | Double Pane Windows |
Exterior
| Lot Features | Rectangular Lot, Sprinkler System |
|---|---|
| Fencing | Security |
Parking
| Parking Features | Underground |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Gutters, Street Lights, Suburban, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C09 Beverlywood Vicinity |
| Listing VS Median (in 90019) | |
Price: $6,800,000 low | high Med: $900,000 sqft: 10,785 low | high Med: 860 $ / sqft: $631 low | high Med: $1,047 On site: 108 low | high Med: 312 | |
Market Activity 90019
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C09 Beverlywood Vicinity |
| Listing VS Median (in 90019) | |
Price: $6,800,000 low | high Med: $900,000 sqft: 10,785 low | high Med: 860 $ / sqft: $631 low | high Med: $1,047 On site: 108 low | high Med: 312 | |
