739-741 Fairfax Ave, Los Angeles, CA 90046
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.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.