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110 Fairfax Ave Los Angeles, CA 90036-2165

OFF-MARKET Investment properties Google Maps
99,307 SF 3.12 ac lot Built 2002
Entity Owned 3-yr Hold ~ Est. High Equity
Estimated value (blended)
$11.93M
Range $10.74M – $13.12M (±10%)
Property ID US09-9401370

Property summary

AI-generated overview

This exceptional 1,164 square foot restaurant space is ideally situated within the bustling Original Farmers Market at 110 S Fairfax Ave, Los Angeles, CA 90036. Located adjacent to The Grove, this high-traffic area offers easy parking and is a major destination for both residents and tourists. The space is in excellent condition and benefits from being a second-generation restaurant, complete with all fixtures, furniture, and equipment (FF&E), including a pizza oven with a vent. This efficient quick-serve layout is perfect for a variety of culinary concepts. The lease rate does not include utilities, property expenses, or building services. There is no key money required. The larger QSR spaces in this portion of the Farmers Market offer a distinct advantage over other areas. The Original Farmers Market, a landmark Los Angeles institution since 1934, provides a rich heritage and diverse culinary environment. This location is anchored by notable tenants such as Zara, Cost Plus World Market, and Williams Sonoma, ensuring high foot traffic and brand recognition. The total building square footage is 134,689 square feet. This single-tenant space presents a unique opportunity to establish or expand a thriving restaurant business in one of Los Angeles' most vibrant and sought-after locations.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2002
Construction TILT-UP CONCRETE
Total area 99,307 SF
Lot 3.12 ac (135,831 SF)
Zoning code LAC2
APN 5512-003-031
UPID US09-9401370

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Association Or Organization
  • Bank Loan Service
  • Freight Service Logistics Company
  • Theater & Performing Art Venue Music Venue
  • Consultant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$13.35M
Blend (final) Blend
$11.93M

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2017
Price N/A

Zoning & alternative use

LAC2 · Los Angeles, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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