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

    920 Fairfax Ave Los Angeles, CA 90046

    • Office buildings
    • 11,149 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Jul 02, 2025
    $9,000,000
    Value Estimations
    $8,240,000
    Show details
    Cap Rate Potential
    3.7%
    Office buildings
    Location Intelligence
    Property ID
    US09-9233535
    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

    • Garage Door Service Center / Garage Door Supplier
    • Dxuq Health / Corporate Office

    Property Details for 920 Fairfax Ave

    Year built
    2017
    Construction
    STEEL FRAME
    Lot size
    0.14 lot acres
    Property size
    11,149 SF
    Zone code
    WDC1A*
    Property type
    Office buildings
    APN
    5530-027-021
    APU
    5530027021

    Description

    This exceptional, newly constructed mixed-use property in West Hollywood offers a unique opportunity. The 11,328 square foot building features 11,000 square feet of vacant space, distributed across three stories. The ground floor is ideal for boutique retail, a flagship showroom, or office space, while the second floor provides stunning modern office space. Atop the building sits a live/work penthouse with a full kitchen, four studios, three bathrooms, and multiple outdoor access points, boasting views of the Hollywood Hills. The property includes an expansive patio deck with West Hollywood views, and plans are in place for a third-floor sundeck. Secure parking is provided via a gated entry with 22 spaces—eight at grade level and fourteen subterranean spaces accessed by a motorized car lift. Significant upgrades include over $300,000 invested in air conditioning for the subterranean parking, enabling uses such as a post-production facility, data center, or climate-controlled storage. The building also benefits from 4-phase power with two separate panels for commercial and residential use, and the potential for advertising revenue from a highly visible wall. This prime owner-user opportunity presents limitless possibilities in a private compound setting with high-end finishes and superior structural details. The lot size is 6,098 square feet. Located on one of Los Angeles' trendiest streets, this property is a truly one-of-a-kind asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,675,000
      ML approach
      $7,825,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,712,000
      Market price range: $2.65M - $8.83M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,595,000
      Current use
      RESTAURANT
      $9,170,000
      Change: +64% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $8,065,000
      Change: +44% Conversion: Easy
      RETAIL STORES
      $7,255,000
      Change: +30% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $6,060,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $5,080,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.361
    Latitude
    34.0879
    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
    $59,465
    $1,621,287
    $3,188,152
    $4,809,439
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $815,000
      2,156 SF

      8091 Selma Ave

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      View Details
    • Value Estimation
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      12,704 SF

      7750 Sunset Blvd

      OFFICE BUILDING • 12,704 SF
      7750 Sunset Blvd, Los Angeles, CA 90046-3910
      View Details
    • Value Estimation
      $850,000
      2,294 SF

      8218 Sunset Blvd

      OFFICE BUILDING • 2,294 SF
      8218 Sunset Blvd, West Hollywood, CA 90046-2414
      View Details
    • Value Estimation
      $4,175,000
      12,505 SF

      7551 Sunset Blvd

      OFFICE BUILDING • 12,505 SF
      7551 Sunset Blvd, Los Angeles, CA 90046-3415
      View Details
    • Value Estimation
      $5,345,000
      15,724 SF

      936 Formosa Ave

      OFFICE BUILDING • 15,724 SF
      936 Formosa Ave, Los Angeles, CA 90046-6702
      View Details
    • Value Estimation
      $2,950,000
      3,038 SF

      1019 Fairfax Ave

      PROFESSIONAL BUILDING • 3,038 SF
      1019 Fairfax Ave, West Hollywood, CA 90046-6160
      View Details

    Similar Nearby for Sale

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      Leased Investment Opportunity

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    920 Fairfax Ave
    Los Angeles, CA 90046
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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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