$4,500,000

1229 N Fairfax Avenue, West Hollywood, CA 90046

10,228 sqft

other
Built in 1923
0.48acre lot
—— car garage
$440/sqft
Listed 2 months ago

Property Description

1227-1237 Fairfax Avenue presents a 22-unit multifamily investment opportunity featuring a prominent 1920s-character building with strong street presence and architectural pedigree. Located in a highly desirable, high-demand rental corridor, the asset combines historic charm with meaningful repositioning potential. The property generates solid in-place income at a 12.55 GRM and 4.24% cap rate, equating to approximately $204,545 per unit and $437 per square foot. Significant upside exists through a strategic renovation program designed to enhance interior finishes while preserving the building's vintage character. Situated on a large 21,029-square-foot lot, the property offers additional potential for ADUs and/or the addition of parking in the expansive rear open space (buyer to verify). The oversized parcel further enhances long-term value and optionality. 1227-1237 Fairfax Avenue presents a classic value-add opportunity with substantial rental upside in one of Los Angeles' most sought-after submarkets.

Listing Status:: Active
Date Added:: March 9, 2026
Data Last Updated:: May 20, 2026 at 7:06AM
Listing Office:: Miller & Desatnik Realty Co. : 310-202-9166
Listing Agent:: David Miller : 323-948-7507
MLS ID:: CL26662067

Heating: Wall Furnace

Parking: None

County: Los Angeles

Zoning: WDR45554012011

This listing courtesy of David Miller , Miller & Desatnik Realty Co.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.