739-741 Fairfax Ave, Los Angeles, CA 90046
This 2,907 sq ft freestanding medical building, situated on a 4,963 sq ft lot in Los Angeles' Mid-City West, offers a prime location with high visibility. Built in 1954 and renovated in 2019, this two-story building features five or more exam rooms, an X-ray room, a lab, two doctor's offices, and a breakroom. Its location at the north of the major intersection of Melrose and Fairfax Avenues boasts over 60,000 vehicles daily, providing excellent access and high traffic exposure. The property includes on-site parking, ample street parking, a monument sign, and generates additional income from a billboard. Benefiting from a walk score of 97, it's surrounded by a dense residential area with over 50,000 people within one mile and over 300,000 within three miles. Zoned LAC2, this property is ideal for owner-users or investors seeking a strong location in a vibrant neighborhood between Melrose Avenue and Santa Monica Boulevard, near the Melrose Retail Corridor, Melrose Trading Post, and Fairfax High School. The building's 40-foot frontage on Fairfax Avenue ensures prominent visibility. This exceptional opportunity presents a well-established medical office building in a highly desirable Los Angeles location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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