Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    355 Fairfax Ave Los Angeles, CA 90036

    Sponsored
    For Sale
    Contact for pricing

    9,000 SF Retail Building, Los Angeles

    Property size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional two-story retail property, located at 355 N Fairfax Ave in Los Angeles, California, 90036, offers a substantial 9,000 square feet of commercial space. The building's strategic location on Fairfax Avenue provides excellent visibility and accessibility for businesses seeking a high-traffic area. The property features convenient gated parking for added security and customer convenience. A significant advantage is the inclusion of a rooftop area, offering potential for outdoor seating, branding opportunities, or additional usable space depending on zoning regulations and permits. The property is currently for sale and presents a unique opportunity for investors and businesses looking to establish or expand their presence in a vibrant Los Angeles market. The two-story design allows for versatile layout options to accommodate a variety of retail concepts. The building's size and amenities make it suitable for a wide range of businesses, from flagship stores to multi-tenant retail spaces. Its location in Los Angeles County ensures access to a large and diverse customer base. Serious inquiries are encouraged to explore the potential of this prime retail location. Further details regarding zoning, lease terms, and potential uses are available upon request. This property is a rare find in a highly sought-after area of Los Angeles.

    Property Features for 355 Fairfax Ave

    General Information

    Property type
    Retail properties
    Square Feet
    9,000 SF

    Building Details

    Stories
    2

    HighLights

    • 9,000 square foot retail building.
    • Two‑story building with rooftop and gated parking.
    • Located at 355 N Fairfax Ave, Los Angeles, CA 90036.
    Property Profile Location Intelligence

    Current Use by Public Records

    My Story Tattoo Tattoo Shop L'Artisan Shoe Repair Shop GREEN VALUE HEALTH ... Pharmacy West Coast Chief ... Hvac Contractor Apple Vapes CBD Health And Beauty Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Grocery Store Daycare Center

    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
    -118.3617052
    Latitude
    34.0777772

    Nearby Similar for Sale

    • Sponsored
      $1,450,000
      3,443 SF

      Commercial Sale - Los Angeles, CA

      Contemporary religious facility in Mid-City Los Angeles with flexible spaces.
      3425 W 15Th St, Los Angeles, CA 90019
      View Details
    • Sponsored
      $1,250,000
      1,598 SF

      Commercial Sale - Eagle Rock, CA

      Two-level commercial building in Eagle Rock with parking and modern upgrades.
      1063 Colorado Blvd, Eagle Rock, CA 90041
      View Details
    • Sponsored
      $1,100,000
      4,096 SF

      Industrial - Los Angeles, CA

      Fire-damaged commercial property in urban development zone, ideal for redevelopment.
      7601 S Alameda St, Los Angeles, CA 90001
      View Details
    • Sponsored
      $899,000
      1,763 SF

      Commercial Sale - San Pedro, CA

      Stand-alone commercial building in prime San Pedro location with parking.
      841 W 9Th St, San Pedro, CA 90731
      View Details
    • Sponsored
      $165,000

      Business Opportunity - Los Angeles, CA

      Established flower shop in downtown Los Angeles with high foot traffic.
      515 S Olive St, Los Angeles, CA 90013
      View Details
    • Sponsored
      $165,000

      Business Opportunity - Los Angeles, CA

      Established flower shop in downtown Los Angeles with high foot traffic.
      515 S Olive St, Los Angeles, CA 90013
      View Details
    • Sponsored
      $120,000

      Business Opportunity - Los Angeles, CA

      Turnkey Thai massage business in high-traffic Santa Monica location.
      5465 Santa Monica Blvd, Los Angeles, CA 90029
      View Details
    • Sponsored
      $1,100,000
      4,096 SF

      Industrial - Los Angeles, CA

      Fire-damaged commercial property in urban development zone, ideal for redevelopment.
      7601 S Alameda St, Los Angeles, CA 90001
      View Details
    • New
      $3,099,999
      6,845 SF

      New Construction Fourplex in Mid-City

      Fully leased, high-end fourplex near Culver City and West Adams.
      1636 Longwood Ave, Los Angeles, CA 90019
      View Details
    • New
      $1,795,000
      2,458 SF

      Renovated Eagle Rock Multifamily Property

      Pristine, renovated duplex near Occidental College with income potential.
      1621 Campus Rd, Los Angeles, CA 90041
      View Details
    • $1,779,000
      5,218 SF

      New Triplex in Central Los Angeles

      Contemporary triplex near freeways, stadiums, and arenas.
      232 E Gage Ave, Los Angeles, CA 90003
      View Details
    • New
      $2,799,000
      7,961 SF

      New Los Angeles Quadruplex Opportunity

      Modern 4-unit property near Downtown Los Angeles with excellent income.
      300 E 25Th St, Los Angeles, CA 90011
      View Details

    FAQs

    What type of property is this?
    Retail property - 9,000 SF Retail Building, Los Angeles
    Where is this retail property located?
    The property is located at 355 Fairfax Ave Los Angeles, CA.
    What are key features of this property?
    This property features: 9,000 square foot retail building.; Two-story building with rooftop and gated parking.; Located at 355 N Fairfax Ave, Los Angeles, CA 90036.
    Request Owner's contact information
    355 Fairfax Ave Los Angeles, CA 90036
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    355 Fairfax Ave
    Los Angeles, CA 90036
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    355 Fairfax Ave Los Angeles, CA 90036
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.