1215 S Fairfax Ave

Investment Highlights

Property Overview

1215 S Fairfax Ave offers a compelling opportunity to acquire a 12-unit apartment community in one of Los Angeles' most desirable and supply-constrained rental markets. Situated just south of Olympic Boulevard in the heart of the Fairfax District, the property provides tenants with immediate access to key employment and entertainment hubs such as Miracle Mile, Beverly Grove, Culver City, The Grove, LACMA, the Academy Museum, and the Wilshire Corridor. This central location ensures strong rental demand from professionals seeking convenient access to the Westside, Downtown Los Angeles, Hollywood, and Beverly Hills. The property, totaling approximately 8,578 square feet on an 8,257 square foot LAR3-zoned lot, presents a significant value-add opportunity. Existing rents are substantially below market, offering considerable upside through unit turnover and renovations. Furthermore, ownership has completed plans for converting the existing garage into a new two-story, six-unit ADU structure, consisting entirely of 1-bedroom/1-bathroom units. This proposed project would increase the property from 12 to 18 units, adding approximately 2,730 square feet of rentable area. This expansion opportunity allows for a substantial increase in cash flow and long-term asset value in a high-barrier-to-entry submarket. With a premier Fairfax location, significant rental upside, and a fully conceptualized six-unit ADU expansion, 1215 S Fairfax Ave provides investors with multiple paths to increasing income and long-term appreciation.