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    OFF-MARKET
    Office Spaces

    739-741 Fairfax Ave, Los Angeles, CA 90046

    2,907 SF Built 1954
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2,907 square foot medical office building, constructed in 1954 and renovated in 2019, is situated on a 4,963 square foot lot at 739-741 N Fairfax Ave in Los Angeles, CA 90046. The two-story building boasts a desirable location on a major thoroughfare, just north of the highly trafficked intersection of Melrose and Fairfax Avenues, experiencing over 60,000 vehicles daily. This prime location offers excellent visibility and accessibility, enhanced by a prominent monument sign and 40 feet of frontage along Fairfax Avenue. The building features ample on-site parking, both front and rear, supplemented by abundant street parking. The interior layout is well-designed for medical practices, including five or more exam rooms, an X-ray room, a lab, two doctor's offices, and a breakroom. The property benefits from additional income generated by a billboard. Located in the thriving Mid-City West neighborhood, this property enjoys a Walk Score of 97, placing it within a vibrant, densely populated area with over 50,000 residents within a one-mile radius and over 300,000 within three miles. The property is zoned LAC2 and presents a compelling opportunity for owner-users or investors seeking a high-demand medical office building in a coveted Los Angeles location, between Melrose Avenue and Santa Monica Boulevard, near the Melrose Retail Corridor, Melrose Trading Post, and Fairfax High School. This is a rare opportunity to acquire a well-maintained, income-producing asset in a highly sought-after area.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1954
    Total area 2,907 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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