Freestanding Retail and Office
For Sale
Contact for pricing
543 N FAIRFAX AVE, Los Angeles, CA 90036
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 Market58
Property Features for 543 N FAIRFAX AVE
General Information
Standard status
Active
Size
18,719 SF
Lot size
0.51 Acres
Property subtype
Retail, Office, Industrial
Zoning
C4-IVL
Investment Type
Value Add
Additional Details
Traffic Count
60,000 vehicles/day
Building Details
Year Built
1961
Buildings
1
Stories
1
Units
68
Listing Agency:
KW Commercial L.A. Westside
(310) 482-2500
Listed By:
Omid Saleh · License #CA 01980838
Source:
Crexi
Added: Jun 15
Changed: Aug 8
Last Checked: Aug 10 at 3:37PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$444,319
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Multifamily LT 5
$379.24M
$331.83M – $442.44M
NOI $26,546,499 @ 7.0% cap · market cap 246.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
60,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
4,373
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in West region
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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
