Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    345 Fairfax Ave Los Angeles, CA 90036-2108
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    345 Fairfax Ave Los Angeles, CA 90036-2108

    View on Map
    • Retail space
    • 2,574 SF
    • 0.14 lot acres
    Off-Market
    Last Sale Jun 29, 2022
    Property ID
    US09-7297323
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SHERBINSKIS / (Bike/Boat/Book/etc) Store
    • Sherbinskis: Cannabis Dispensary / (Bike/Boat/Book/etc) Store

    Property Details for 345 Fairfax Ave

    Year built
    1946
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    2,574 SF
    Zone code
    LAC2
    Property type
    Retail space
    APN
    5527-036-015
    APU
    5527036015

    Description

    This exceptional 2,740 square foot retail space is located at 345 N Fairfax Ave in the vibrant Los Angeles, California market, zip code 90036. The property is a single-tenant building, offering complete flexibility for a new business. The entire 2,740 square feet is currently vacant, presenting a unique opportunity for immediate occupancy. Situated in Los Angeles County, this location benefits from high visibility and foot traffic, making it ideal for a variety of retail ventures. The property's address is easily accessible and well-suited for attracting customers. The building's size provides ample space for a wide range of retail uses, from boutiques and showrooms to cafes and specialty stores. This is a rare opportunity to secure a prime retail location in a thriving area of Los Angeles. The property is ready for immediate lease, allowing businesses to quickly establish their presence and begin operations. Interested parties are encouraged to inquire for further details and leasing information. This property offers a significant advantage for businesses seeking a high-impact location in a dynamic market. The single-tenant occupancy ensures complete control and customization of the space. Don't miss this chance to secure this exceptional retail opportunity in Los Angeles.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    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
    34.0775
    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
    $3,139
    $184,325
    $28,812
    $213,137
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $10,425,000
      37,970 SF

      5407 Wilshire Blvd

      RETAIL STORES (PERSONAL SERVICES) • 37,970 SF
      5407 Wilshire Blvd, Los Angeles, CA 90036-4203
      View Details
    • Value Estimation
      $1,480,000
      6,280 SF

      401 Fairfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,280 SF
      401 Fairfax Ave, Los Angeles, CA 90036-3133
      View Details
    • Value Estimation
      $1,390,000
      8,654 SF

      367 Fairfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,654 SF
      367 Fairfax Ave, Los Angeles, CA 90036
      View Details
    • Value Estimation
      $1,215,000
      3,065 SF

      115 Fairfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,065 SF
      115 Fairfax Ave, Los Angeles, CA 90036-2110
      View Details
    • Value Estimation
      $835,000
      4,800 SF

      315 La Brea Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      315 La Brea Ave, Los Angeles, CA 90036-2517
      View Details
    • Value Estimation
      $2,270,000
      7,553 SF

      101 Fairfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,553 SF
      101 Fairfax Ave, Los Angeles, CA 90036-2110
      View Details

    Similar Nearby for Sale

    • $4,298,000

      La Brea Retail/Restaurant Opportunity

      Retail/restaurant space in dynamic La Brea revitalization corridor.
      617 North La Brea Ave, Los Angeles, CA 90036
      View Details
    • $3,998,000

      La Brea Retail/Restaurant Opportunity

      Retail/restaurant space in dynamic La Brea revitalization corridor.
      611 North La Brea Ave, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      9,000 SF

      355 N Fairfax Ave, Los Angeles, CA 90036

      Retail space • 9,000 SF
      355 N Fairfax Ave, Los Angeles, CA 90036
      View Details
    • $3,950,000
      4,716 SF

      Multi-Unit Retail Property on Corner

      Multi-unit retail property in high-traffic area with growth potential.
      457 South La Brea Ave, Los Angeles, CA 90036
      View Details
    • $5,000,000
      9,780 SF

      Renovated Retail Space with Parking

      West Hollywood retail space with renovations and on-site parking.
      176 North La Brea Ave, Los Angeles, CA 90036
      View Details
    • $4,950,000
      5,250 SF

      Retail Property on High-Traffic Corner

      Multi-unit retail property in a rapidly developing area.
      467 South La Brea Ave, Los Angeles, CA 90036
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space on Fairfax Avenue

      Retail space available for lease in Los Angeles, CA.
      452 North Fairfax Ave, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      2,365 SF

      Retail Space on Beverly Blvd

      First floor retail space available for rent in Los Angeles.
      7350-7358 Beverly Blvd, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      10,584 SF

      Prime Retail Space on Wilshire

      Retail space with frontage on Wilshire Boulevard in Miracle Mile.
      5055 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      5,677 SF

      Beverly Boulevard Retail Space Available

      Retail space with showroom, creative office, and high ceilings.
      7366-7372 Beverly Blvd, Los Angeles, CA 90036
      View Details
    • $46 SF/Yr
      72,000 SF

      Wilshire Blvd Executive Office Suites

      Prestigious Miracle Mile Office Space Available
      5410 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Available For Rent

      Retail space available for rent in Los Angeles, CA.
      138-144 S La Brea Ave, Los Angeles, CA 90036
      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.
    345 Fairfax Ave
    Los Angeles, CA 90036-2108
    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!