Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1072 Fairfax Ave Los Angeles, CA 90019

    • Retail properties & Spaces
    • 2,690 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1072 Fairfax Ave

    Property size
    2,690 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 2,690 square foot storefront is located at 1072 S Fairfax Ave in Los Angeles, California, within Los Angeles County (zip code 90019). The property is currently vacant and offers a single tenancy opportunity for a discerning business owner. Its prime location on Fairfax Avenue presents significant potential for high foot traffic and visibility. The building's total square footage is 2,690 square feet, all of which is available for immediate occupancy. This presents a unique chance to establish a strong retail presence in a vibrant and well-established commercial district. The property type is retail, specifically a storefront, making it ideal for a variety of businesses. Its location in Los Angeles, a major metropolitan area, ensures access to a large and diverse customer base. The property's coordinates are 34.0561355 latitude and -118.3645253 longitude. Serious inquiries are encouraged to explore the possibilities of this exceptional retail opportunity. This is a single-tenant space, providing complete control and flexibility for the tenant. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Don't miss this chance to secure a prominent retail location in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.365
    Latitude
    34.0561

    Comparable in this City

    • Value Estimation
      $1,755,000
      7,776 SF

      4001 Olympic Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,776 SF
      4001 Olympic Blvd, Los Angeles, CA 90019-3258
      View Details
    • Value Estimation
      $4,740,000
      18,045 SF

      1071 La Brea Ave

      RETAIL STORES (PERSONAL SERVICES) • 18,045 SF
      1071 La Brea Ave, Los Angeles, CA 90019-6906
      View Details
    • Value Estimation
      $1,555,000
      7,754 SF

      3260 Pico Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,754 SF
      3260 Pico Blvd, Los Angeles, CA 90019-3639
      View Details
    • Value Estimation
      $1,455,000
      4,686 SF

      1088 Fairfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,686 SF
      1088 Fairfax Ave, Los Angeles, CA 90019-4401
      View Details
    • Value Estimation
      $620,000
      3,500 SF

      1051 Fairfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      1051 Fairfax Ave, Los Angeles, CA 90019-4402
      View Details
    • Value Estimation
      $840,000
      3,055 SF

      5658 Pico Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,055 SF
      5658 Pico Blvd, Los Angeles, CA 90019-3836
      View Details

    Similar Nearby for Sale

    • $1,190,000
      2,400 SF

      Mixed-Use Building in Los Angeles

      Commercial/residential building with upside potential in Los Angeles, CA.
      5618 Venice Blvd, Los Angeles, CA 90019
      View Details
    • $999,800

      Mid Los Angeles Duplex

      Duplex in Mid Los Angeles with ADU potential.
      4516 St Charles Pl, Los Angeles, CA 90019
      View Details
    • $750,000

      1923 Spanish Quadruplex Investment

      Charming 4-unit property in prime Los Angeles location.
      1216 S Mullen Ave, Los Angeles, CA 90019
      View Details
    • $1,725,000

      Classic 4-Plex with Value-Add Potential

      Charming 4-unit property with strong rents and value-add potential.
      1357 S Cloverdale Ave, Los Angeles, CA 90019
      View Details
    • Contact for pricing

      Miracle Mile Multifamily with ADU

      Rehabbed 6-unit + 1 ADU near Miracle Mile.
      1268 Queen Anne Pl, Los Angeles, CA 90019
      View Details
    • $3,649,000
      8,100 SF

      Newer Construction Mid-City Townhomes

      Six-unit property in Mid-City Los Angeles with no rent control.
      4514 St Elmo Dr, Los Angeles, CA 90019
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Crenshaw Boulevard Retail/Office Space

      Retail or office space available for lease on Crenshaw Blvd.
      2821-2825 Crenshaw Blvd, Los Angeles, CA 90019
      View Details
    • $2 SF/Yr
      8,340 SF

      Temperature-Controlled Retail Space Available

      Sublease opportunity in Mid-City Los Angeles with gated yard.
      5470 Pico Blvd, Los Angeles, CA 90019
      View Details
    • Contact for pricing
      22,500 SF

      Venice Blvd Retail Basement Space

      Large, open basement retail space available for rent.
      4707-4760 Venice Blvd, Los Angeles, CA 90019
      View Details
    • Contact for pricing
      9,978 SF

      Pico Blvd Creative Office Space

      West LA Creative Office Opportunity
      5030 Pico Blvd, Los Angeles, CA 90019
      View Details
    • $42 SF/Yr
      5,269 SF

      West Pico Blvd Retail Space

      Mid-City LA retail opportunity. High visibility storefront.
      5281 Pico Blvd, Los Angeles, CA 90019
      View Details
    • Contact for pricing
      2,125 SF

      Prime Venice Blvd Retail Space

      2,125 SF Retail Space - Ample Parking
      5103 Venice Blvd, Los Angeles, CA 90019
      View Details
    Request Owner's contact information
    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.
    1072 Fairfax Ave
    Los Angeles, CA 90019
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!