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1215 S Fairfax Avenue

Los Angeles, CA 90019
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Bed 0

Bed

Bath 0

Bath

SqFt8,578

Sqft

SqFt8,255

Sqft(Lot)

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 Museum, and the Wilshire Corridor’s expanding employment and entertainment hubs. The property’s central location continues to attract strong rental demand from professionals seeking convenient access to the Westside, Downtown Los Angeles, Hollywood, and Beverly Hills. The property consists of 12 units totaling approximately 8,578 square feet on an 8,257 square foot LAR3-zoned lot and offers investors a compelling value- add opportunity through both rental repositioning and future development potential. Existing rents remain substantially below market, creating significant upside through unit turnover and renovations. Adding to the investment story, ownership has completed plans for the conversion of the existing garage into a new two-story, six-unit ADU structure consisting entirely of 1-bedroom/1-bathroom units. The proposed project would increase the property from 12 units to 18 units while adding approximately 2,730 square feet of rentable area, creating a rare opportunity to substantially increase cash flow and long-term asset value in a high-barrier-to-entry submarket. Buyer to verify all plans, permits, approvals, and development feasibility. With a premier Fairfax location, substantial rental upside, and a fully conceptualized six-unit ADU expansion opportunity, 1215 S Fairfax Ave offers investors the opportunity to acquire a value-add asset with multiple paths to increasing income and long-term appreciation.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,600,000

AD Id : 81921803

MLS Id : SB26125710

Lot Size : 8,255 Sqft

Living Area Size : 8,578

Year Built : 1950

Garage : 8

County : Los Angeles

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1950 Building Area Total: 8,578
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1895
  • Lot Size Source: Assessor Lot Size Square Feet: 8255

  • Listing Price Information

    Original List Price: 2,600,000 Listing Contract Date: 2026-06-08
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5086003003

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C16 - Mid Los Angeles Postal Code Plus 4: 4457 Directions: On Fairfax Ave, Off Pico Blvd Zoning: LAR3 Source Property Type: Residential Income Area: C16 - Mid Los Angeles Property SubType: Apartment
  • Building and Construction

    Property Age: 76 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: Front Property Attached: Yes
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1117 S Manhattan Place, Los Angeles, CA, 90019 $1,399,000 4 2 1,807 1,807 SqFt
1044 S St Andrews Place, Los Angeles, CA, 90019 $1,490,000 5 3 2,133 2,133 SqFt
1254 S Manhattan, Los Angeles, CA, 90019 $1,790,000 6 3 3,024 3,024 SqFt
941 S Gramercy Place, Los Angeles, CA, 90019 $2,695,000 12 -- 7,360 7,360 SqFt
1415 S Manhattan Place, Los Angeles, CA, 90019 $2,280,000 9 5 7,512 7,512 SqFt
1415 S St Andrews Place, Los Angeles, CA, 90019 $2,799,000 12 -- 9,268 9,268 SqFt
1415 S St Andrews Place, Los Angeles, CA, 90019 $1,925,000 12 -- 9,268 9,268 SqFt
1070 S Wilton Place, Los Angeles, CA, 90019 $2,300,000 4 2 3,190 3,190 SqFt
1220 S Wilton Place, Los Angeles, CA, 90019 $1,765,000 4 1 3,382 3,382 SqFt
1251 S Wilton Place, Los Angeles, CA, 90019 $2,250,000 9 -- 5,634 5,634 SqFt

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ByOwner last updated this listing 06/24/2026 @ 16:17

MLS: SB26125710 LISTED BY: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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