723-725 Fairfax Ave Los Angeles, CA 90046
- Retail properties
- 7,239 SF
Current Use by Public Records
- Retail properties
Property Details for 723-725 Fairfax Ave
- Year built
- 1942
- Property size
- 7,239 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional three-story executive office building, located at 723-729 N Fairfax Ave in Los Angeles, CA 90046, presents a unique investment opportunity. Boasting 7,239 square feet on a 9,926 square foot lot, the property features 11 parking spaces and 80 feet of prime frontage on Fairfax Avenue, ensuring excellent visibility and accessibility. Built in phases between 1942 and 1957, the building is zoned LA C2-1VL and currently generates a substantial annual gross income of $252,608 (all tenants are month-to-month). The property's strategic location just north of Melrose Avenue, 3.5 blocks south of Santa Monica Boulevard, and within easy reach of major freeways (Hollywood 101 and Santa Monica I-10) provides unparalleled convenience and exposure. Its proximity to renowned attractions like the Sunset Strip, Hollywood Walk of Fame, The Grove, and various museums further enhances its desirability. This is an ideal acquisition for owner-users or investors seeking a high-return property in a vibrant and sought-after location. The asking price is $3,900,000, translating to $546.29 per square foot. The property includes two APNs: 5527-012-008 and 5527-012-007. Rear surface parking provides ample space for tenants and visitors.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.362
- Latitude
- 34.0845
