$2,600,000
1215 S Fairfax Avenue, Los Angeles CA 90019
Multi-Family (12 Units)
Property type
1 day
On market
$303
Price per sqft
8 cars
Garage
1950
Year built
8,255 sqft
Lot size
Open Houses
Overview
1215 S Fairfax Ave presents the opportunity to acquire a 12-unit apartment community in one of Los Angeles’ most desirable and supply-constrained rental markets. Located just south of Olympic Boulevard, the property sits in the heart of the Fairfax District, providing tenants with immediate access to Miracle Mile, Beverly Grove, Culver City, The Grove, LACMA, the Academy...
Listing provided by: Cameron Samimi DRE #02035763, Lyon Stahl Investment Real Estate, Inc.
Listing updated: Jun 9, 2026 at 10:26pm.
Last checked: Jun 9, 2026 at 11:02pm
Source: CRMLS #SB26125710
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,115 | $1,115 | $2,150 | — |
| 1 | 1 | 1 | — | $1,179 | $1,179 | $2,150 | — |
| 1 | 1 | 1 | — | $1,076 | $1,076 | $2,150 | — |
| 1 | 1 | 1 | — | $1,651 | $1,651 | $2,150 | — |
| 1 | 0 | 1 | — | $1,262 | $1,262 | $1,900 | — |
| 1 | 1 | 1 | — | $1,024 | $1,024 | $2,150 | — |
| 1 | 1 | 1 | — | $1,984 | $1,984 | $2,150 | — |
| 1 | 1 | 1 | — | $1,128 | $1,128 | $2,150 | — |
| 1 | 1 | 1 | — | $994 | $994 | $2,150 | — |
| 1 | 1 | 1 | — | $1,804 | $1,804 | $2,150 | — |
| 1 | 0 | 1 | — | $1,700 | $1,700 | $1,900 | — |
| 1 | 1 | 1 | — | $2,150 | $2,150 | $2,150 | — |
# of Buildings: 1
# of Units Total: 12
Separate Electric Meters: 12
Separate Gas Meters: 12
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 11
Total Actual Rent: $17,066
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
12.7x
List Price / Annual Gross Rent
Cap Rate
4.08%
NOI / List Price
Gross Scheduled Income: $205,001
Operating Expense: $80,859
Net Operating Income: $124,142
Annual Operating Expenses
Electric: $1,387
Fuel: $0
Insurance: $10,723
Maintenance: $6,831
New Taxes: $32,500
Professional Management: $10,190
Trash: $6,200
Water / Sewer: $12,800
Interior
Laundry: Common Area
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 8
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5086003003
Additional Parcels: No
Tax Lot: 67
Zoning: LAR3
Community
Senior Community: No
Community Features: Biking, Curbs, Dog Park, Golf, Hiking, Park, Urban
Nearby Schools
Nearby schools around the 1215 S Fairfax Avenue, Los Angeles, CA 90019. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,080,000
Total Interest
$2,652,925
Total Payment
$4,732,925
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$16,005
per month
Property History for 1215 S Fairfax Avenue
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90019.
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