Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

12

Building size

8,578 sqft

Lot size

8,257 sqft

Year built

1950

Stories

2

Garage spaces

8

Pool

None

Status

Active

Days on market

0

MLS #

247695216

About this property

Value-add opportunity with substantial rental upside and ADU expansion potential in Los Angeles’ Carthay neighborhood. This 12-unit apartment building features ten one-bedroom units and two studios across approximately 8,578 SF, secured entry and rear alley access. RTI plans for six additional ADUs offer a potential expansion to 18 units, subject to buyer verification. The property offers multiple paths to income growth and value creation. Seller financing available; amount, rate and term are negotiable.

Location

1215 S Fairfax

Los Angeles, Los Angeles, CA, 90019