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    101 Fairfax Ave Los Angeles, CA 90036-2110
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    Property profile & analytics

    101 Fairfax Ave, Los Angeles, CA 90036-2110

    View on Map
    • Retail space
    • 7,553 SF
    • 0.26 lot acres
    Off-Market
    Property ID
    US09-9401379
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,270,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Vitamin Shoppe / (Bike/Boat/Book/etc) Store / Pharmacy
    • Manna Cafe / Cafe & Coffee Shop

    Property Details for 101 Fairfax Ave

    Year built
    1987
    Construction
    WOOD
    Lot size
    0.26 lot acres
    Zone code
    LAC2
    Property type
    Retail space
    APN
    5511-001-024
    APU
    5511001024

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 10, 2026 — Cindy Ornest Family Trust Cindy Ornest Grant Deed · related —
    Sep 24, 2019 — Michael Ornest Ornest Ruth Quit Claim Deed · related —
    Sep 20, 2016 — Ruth Ornest Ornest Ruth & H Trust B Quit Claim Deed · related —
    Oct 19, 2010 $230,000 Ornest Michael 2006 Trust Ornest Harry & Ruth Trust Quit Claim Deed · related —
    Mar 31, 2000 $3,736,363 Ornest Trust Ornest Family Partnership Grant Deed · related —
    Dec 29, 1993 $2,563,000 Ornest Family Ptshp Epsteen,micahel Grant Deed —
    Mar 13, 1989 $60,000 Gene Et Al Schwartz Unknown Grant Deed —

    Description

    This exceptional 1,528-square-foot retail space, located at 101 S Fairfax Ave in Los Angeles, CA 90036, presents a unique opportunity for a restaurant operator. The property is a single-tenant building offering complete occupancy and immediate availability. Situated in Los Angeles County, this location benefits from high foot traffic and visibility, nestled within a vibrant and thriving commercial district. The area boasts a diverse range of established businesses and attractions, including the popular Melrose Trading Post, known for its weekly flea market, and the bustling W. 3rd Street, renowned for its lively nightlife scene with numerous bars, cafes, and restaurants. The property's proximity to Fairfax and Melrose Avenues, major tourist destinations, further enhances its appeal and potential for success. Nearby businesses include well-known establishments such as ADKT Restaurant & Bar, Short Stories Hotel, and Trader Joe's, creating a strong and established commercial environment. This prime location offers unparalleled exposure and access to a large customer base, making it an ideal setting for a thriving restaurant venture. The entire 1,528 square feet is vacant and ready for immediate occupancy. This is a rare opportunity to establish a presence in a high-demand area with significant growth potential. Contact us today to learn more about this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,920,000
      6.5%
      $2,695,000
      7%
      $2,505,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,100,000
      Current use
      MEDICAL BUILDING
      $3,440,000
      Change: +11% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,200,000
      Change: +3% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.362
    Latitude
    34.0745
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $72,247
    $3,533,933
    $2,378,241
    $5,912,174
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
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      2,511 SF

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      RETAIL STORES (PERSONAL SERVICES)
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      View Details

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    Los Angeles, CA 90036-2110
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    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
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