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    1224 N Fairfax Ave Los Angeles, CA 90046

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    For Sale
    $2,995,000

    Multifamily property near shops, restaurants, and entertainment.

    Lot size:
    0.16 Acres

    Property Features for 1224 N Fairfax Ave

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1954

    Source: Andrew C. Lee

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Hollywood Multifamily Investment Opportunity

    This multifamily property is located near the heart of the West Hollywood area, surrounded by numerous shops, restaurants, and entertainment establishments. The property offers a stable occupancy and income stream, with substantial upside potential for investors.
    Insight Report Location Intelligence

    Current Use by Public Records

    Laodc Korean School School

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3611524
    Latitude
    34.0926558

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property near shops, restaurants, and entertainment.
    Where is this apartment building located?
    The property is located at 1224 N Fairfax Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: - Located in the heart of West Hollywood area.; - Located near shops, restaurants, and entertainment in West Hollywood.; - Existing income stream.
    (866) 455-4685
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1224 N Fairfax Ave Los Angeles, CA 90046
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