thank you
Your email has been sent.
1224 N Fairfax Ave 8 Unit Apartment Building $2,550,000 ($318,750/Unit) 5.92% Cap Rate West Hollywood, CA 90046
Investment Highlights
- Great Unit Mix of One- and Two-Bedroom Units in High Demand Rental Area
- Units 4, 5, 7 and 8 have recently updated with new kitchen and bathrooms
- Individually Metered for Gas and Electric
Executive Summary
Sold "As Is" Condition
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$220,716
|
$34.55
|
| Other Income |
$1,500
|
$0.23
|
| Vacancy Loss |
$6,621
|
$1.04
|
| Effective Gross Income |
$215,595
|
$33.75
|
| Taxes |
$33,670
|
$5.27
|
| Operating Expenses |
$31,068
|
$4.86
|
| Total Expenses |
$64,738
|
$10.13
|
| Net Operating Income |
$150,857
|
$23.62
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $220,716 |
| Annual Per SF | $34.55 |
| Other Income | |
|---|---|
| Annual | $1,500 |
| Annual Per SF | $0.23 |
| Vacancy Loss | |
|---|---|
| Annual | $6,621 |
| Annual Per SF | $1.04 |
| Effective Gross Income | |
|---|---|
| Annual | $215,595 |
| Annual Per SF | $33.75 |
| Taxes | |
|---|---|
| Annual | $33,670 |
| Annual Per SF | $5.27 |
| Operating Expenses | |
|---|---|
| Annual | $31,068 |
| Annual Per SF | $4.86 |
| Total Expenses | |
|---|---|
| Annual | $64,738 |
| Annual Per SF | $10.13 |
| Net Operating Income | |
|---|---|
| Annual | $150,857 |
| Annual Per SF | $23.62 |
Property Facts
| Price | $2,550,000 | Building Class | C |
| Price Per Unit | $318,750 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 6,388 SF |
| Cap Rate | 5.92% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 0.94/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | WDR4* | ||
| Price | $2,550,000 |
| Price Per Unit | $318,750 |
| Sale Type | Investment |
| Cap Rate | 5.92% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,388 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | WDR4* |
Amenities
Unit Amenities
- Stainless Steel Appliances
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 1 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5530-001-009 | Total Assessment | $3,969,932 (2025) |
| Land Assessment | $3,204,382 (2025) | Annual Taxes | $33,670 ($5.27/SF) |
| Improvements Assessment | $765,550 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5530-001-009
Land Assessment
$3,204,382 (2025)
Improvements Assessment
$765,550 (2025)
Total Assessment
$3,969,932 (2025)
Annual Taxes
$33,670 ($5.27/SF)
Tax Year
2026
1 of 27
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1224 N Fairfax Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.