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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    543 Fairfax Ave Los Angeles, CA 90036-1715

    • Specialty properties
    • 15,835 SF
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    Dec 16, 2020
    $10,046,100
    Value Estimations
    $9,850,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7302094
    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.

    Current Use by Public Records

    • Taty's food truck / Restaurant
    • Mid City West Neighborhood Council / City Government Office
    • Center for the Pacific Asian Family / Non-Profit Organization / Social Services Organization
    • Proper Parking / Parking Lot
    • Caffe Europa / Corporate Office

    Property Details for 543 Fairfax Ave

    Year built
    1961
    Construction
    WOOD
    Lot size
    0.51 lot acres
    Property size
    15,835 SF
    Zone code
    LAC4
    Property type
    Specialty properties
    APN
    5527-020-024
    APU
    5527020024

    Description

    This exceptional 18,719-square-foot freestanding building in Los Angeles, CA, presents a unique opportunity for creative office tenants. Located at 543 N Fairfax Ave, 90036, this Class C property offers flexible lease terms, accommodating both short-term and long-term needs. The building, constructed in 1961, features two stories and boasts 90 parking spaces, ensuring ample convenience for employees and clients. The interior showcases polished concrete floors and exposed ceilings, creating a modern and inspiring workspace. The layout includes a basement (1,417 sq ft), ground floor (7,664 sq ft), and second floor (9,638 sq ft), offering versatile configurations for single or multi-tenant occupancy. A permitted commercial kitchen, complete with sinks, an exhaust fan, and hood, adds significant functionality. The building also offers elevator and stair access between floors, and the possibility of developing a roof deck adds further potential. This prime Los Angeles location provides excellent visibility and accessibility. The property's size and features make it ideal for a variety of creative businesses seeking a unique and functional space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,980,000
      ML approach
      $9,325,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,650,000
      Market price range: $2.73M - $7.65M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $13,025,000
      AUTO REPAIR, GARAGE
      $8,610,000
      OFFICE BUILDING
      $7,945,000
      MEDICAL BUILDING
      $7,215,000
      NEIGHBORHOOD: SHOPPING CENTER
      $6,705,000
      RETAIL STORES
      $6,500,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.362
    Latitude
    34.0813
    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
    $130,494
    $9,338,630
    $1,322,052
    $10,660,682
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,580,000
      77,872 SF

      5870 Olympic Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 77,872 SF
      5870 Olympic Blvd, Los Angeles, CA 90036-4657
      View Details
    • Value Estimation by Request
      10,036 SF

      5162-5180 Wilshire Blvd

      Retail properties • 10,036 SF
      5162-5180 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • Value Estimation by Request

      344 La Brea Ave

      Individual retail properties
      344 La Brea Ave, Los Angeles, CA 90036
      View Details
    • Value Estimation by Request
      0.03 Acres

      Los Angeles, CA 90036

      MINI-MALL • 0.03 Acres
      Los Angeles, CA 90036
      View Details
    • Value Estimation
      $655,000
      0.67 Acres

      6000 Wilshire Blvd

      PARKING LOT • 0.67 Acres
      6000 Wilshire Blvd, Los Angeles, CA 90036
      View Details
    • Value Estimation by Request
      7,344 SF

      5564 6th St

      APARTMENT HOUSE (5+ UNITS) • 7,344 SF
      5564 6th St, Los Angeles, CA 90036-3380
      View Details

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      Los Angeles Property for Sale

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    Similar Nearby for Lease

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      60,000 SF

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      Prime Los Angeles retail space, multiple suites.
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    • $33 SF/Yr
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      Miracle Mile Office Sublease Opportunity

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      Sublease opportunity in Wilshire Courtyard West, Miracle Mile.
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      Retail Space on Wilshire Boulevard

      Retail space available for lease on Wilshire Boulevard.
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      View Details
    • Contact for pricing

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      Fully leased retail center on Beverly Boulevard.
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    • $4 SF/Yr
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    543 Fairfax Ave
    Los Angeles, CA 90036-1715
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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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