1010 Fairfax Ave West Hollywood, CA 90046
- Retail properties
- 3,360 SF
Current Use by Public Records
- Pantheon Coffee / Coffee Shop
- Flipper's / Brunch Restaurant
Property Details for 1010 Fairfax Ave
- Property size
- 3,360 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional West Hollywood retail property offers a compelling investment opportunity with a triple-net lease structure and minimal owner responsibilities. The 3,360 square foot building, featuring three tenants at 100% occupancy, boasts an impressive Net Operating Income (NOI) of $344,839, with a pro-forma NOI of $348,450. The property includes 2,000 square feet of outdoor patio space, situated on a 9,628 square foot lot with 150 feet of frontage on Fairfax Avenue. Located just south of Santa Monica Boulevard, east of Beverly Hills, this prime location benefits from high visibility and exceptional car traffic counts exceeding 30,000 vehicles daily. The property's Walk Score of 97 underscores its pedestrian-friendly environment. The building was renovated in 2024. Tenants include a national brand restaurant with a full liquor license, a ghost kitchen, and a specialty coffee house. The property's strong demographics, with over 50,000 residents within a one-mile radius and approximately 275,000 within a three-mile radius, ensure a robust customer base. This investment presents a rare opportunity to acquire a high-performing, low-maintenance retail property in a thriving West Hollywood location. The property is zoned WDC1A* (LA City) and R3C-C (West Hollywood). The three units are situated within a single building. The asking price is $6,495,000, representing a 5.31% cap rate and a pro-forma cap rate of 5.40%. The Assessor's Parcel Numbers (APN) are 5530-012-014 and 5530-012-026.
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
- West Hollywood
- County
- Los Angeles
- State
- California
- Longitude
- -118.361
- Latitude
- 34.0891
