1545 S Fairfax, Los Angeles, CA 90019
1545 S Fairfax, Los Angeles, CA 90019
1545 S Fairfax, Los Angeles, CA 90019
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$7,400,000
Est. payment /mo
6,555 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26150926

HOA Y/N No

Year Built 2019

Lot Size 6,555 Sqft

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Los Angeles

Area C09 - Beverlywood Vicinity

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Parking Features Underground

Garage Spaces 17.0

Carport Spaces 17

Garage Description 17.0

Fence Security

Pool None

Community Features Curbs, Gutter(s), Street Lights, Suburban, Sidewalks

View Y/N Yes

View City Lights

Total Parking Spaces 34

Private Pool No

Building

Lot Description Rectangular Lot, Sprinkler System

Story 4

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5068021028

Energy Description 218.0

Acceptable Financing Cash, Cash to Existing Loan

Listing Terms Cash, Cash to Existing Loan

Special Listing Condition Standard

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Listed by Cynthia Burts Burts & Associates 310-308-8003, DRE #01134271

NEARBY SCHOOL & BUSINESS

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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