Freestanding Retail and Office
543 N FAIRFAX AVE, Los Angeles, CA 90036
For Sale
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Freestanding building on a signalized corner with strong ground-floor presence, high ceilings, and ample on-site parking.
Property Size18,719 SF
Lot Size0.51 Acres
Price / SF$574.28
Days on Market150
Property Features for 543 N FAIRFAX AVE
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Traffic Count
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
KW Commercial L.A. Westside
Listed By:
David Yashar · License CA #01102638
(310) 724-8043
Source:
Crexi
Added: Jun 15
Changed: Nov 1
Last Checked: Nov 10 at 8:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial L.A. Westside
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Investment Insights
Based on property information with market context.
543 N Fairfax Avenue is a freestanding commercial building totaling 18,700 square feet on a 22,000 square foot lot, with approximately 180 feet of frontage along Fairfax Avenue. The property’s interior buildout supports multiple concepts, including retail, showroom, gallery, creative office, or hybrid use. Features include polished concrete floors, exposed ceilings, skylights, a functional kitchen, elevator and stair access, and a basement suitable for storage or support space. The ground floor is designed for strong presence with high ceilings, while upper-level space can serve office or creative workspace.
The site is positioned just south of the signalized intersection of Melrose Avenue and Fairfax Avenue, at the signalized corner of Fairfax Avenue and Clinton Street. Access is available from Fairfax Avenue and from the rear of the site, supporting efficient circulation and operational flexibility. The corridor benefits from heavy vehicular traffic reported as exceeding 60,000 cars per day at the nearby Melrose intersection, along with pedestrian activity from surrounding retail and dining.
Two points of entry, ample on-site parking including gated and secure spaces, and a strong existing identity make the property well suited for an owner-user, investor, or repositioning strategy. The building also includes an existing billboard. Zoning is C4-1VL and the site is designated as TOC Tier 2, offering meaningful long-term flexibility for compliant development and redevelopment planning.
The site is positioned just south of the signalized intersection of Melrose Avenue and Fairfax Avenue, at the signalized corner of Fairfax Avenue and Clinton Street. Access is available from Fairfax Avenue and from the rear of the site, supporting efficient circulation and operational flexibility. The corridor benefits from heavy vehicular traffic reported as exceeding 60,000 cars per day at the nearby Melrose intersection, along with pedestrian activity from surrounding retail and dining.
Two points of entry, ample on-site parking including gated and secure spaces, and a strong existing identity make the property well suited for an owner-user, investor, or repositioning strategy. The building also includes an existing billboard. Zoning is C4-1VL and the site is designated as TOC Tier 2, offering meaningful long-term flexibility for compliant development and redevelopment planning.
Key Highlights
- Freestanding 18,700 SF commercial building built in 1961 on a 22,000 SF lot with approx. 180 ft of Fairfax Ave frontage
- Signalized corner at Fairfax Ave & Clinton St, just south of the Melrose Ave & Fairfax Ave intersection
- Two access points: from Fairfax Ave and the rear of the site for efficient circulation and operational flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$444,319
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,886,380
$8.9M
Cap Rate 7%
$6,347,414
$6.3M
Cap Rate 9%
$4,936,878
$4.9M
Market Conditions
NOI Build-Up for 18,719 SF
Gross rent
$727.8K $38.88/SF
− Vacancy
−$135.4K −$7.23/SF
EGI
$592.4K $31.65/SF
− OpEx
−$148.1K −$7.91/SF
NOI
$444.3K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,886,380
Cap Rate 7%
$6,347,414
Cap Rate 9%
$4,936,878
Alternative Uses
Best Use
Office B
$6.35M
$5.55M – $7.41M
NOI $444,319 @ 7.0% cap · market cap 4.13%
Second Best
Retail
$6.21M
$5.43M – $7.24M
NOI $434,415 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$7.82M
$6.84M – $9.12M
NOI $547,079 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
60,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
6,105
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 90036, CA
39,549
Population
21,890
Households
1.8
Avg Household Size
36
Median Age
68%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
15,820
Density / Sq Mi
$102,877
Median Household Income
$66,385
Median Earnings
$2,730
Median Rent
$1,958,600
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Los Angeles, CA
Properties on Market for Flex space in Los Angeles
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Haute Creations Catering & Events — Carmona Ave, Los Angeles, CA 90019
- Mobile Caterer — 8200 wilshire blvd, beverly hills, ca 90211
- Drago Events — 6060 Wilshire Blvd, Los Angeles, CA 90036
- Revozi Group — 5760 Wilshire Blvd, Los Angeles, CA 90036
- Wolfgang Puck Catering — 5515 wilshire blvd, los angeles, ca 90036
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding building on a signalized corner with strong ground-floor presence, high ceilings, and ample on-site parking.
Where is this flex space located?
The property is located at 543 N FAIRFAX AVE Los Angeles, CA.
What is the asking price?
The asking price for this property is $10,750,000.
What are key features of this property?
This property features: Freestanding 18,700 SF commercial building built in 1961 on a 22,000 SF lot with approx. 180 ft of Fairfax Ave frontage; Signalized corner at Fairfax Ave & Clinton St, just south of the Melrose Ave & Fairfax Ave intersection; Two access points: from Fairfax Ave and the rear of the site for efficient circulation and operational flexibility
