1545 S Fairfax Ave-10 Units–Assumable 3.9% Loan
Burts & Associates is proud to present 1545 S. Fairfax Avenue, a rare opportunity to acquire a 2019-constructed, 10-unit multifamily apartment community in the highly desirable Fairfax District of Los Angeles. This contemporary four-story property features 17 subterranean parking spaces, modern construction, quality finishes, low near-term capital expenditure requirements, and the added benefit of an assumable $3,000,000 loan at a 3.90% fixed interest rate through 2029, providing attractive in-place financing.
The property offers an outstanding unit mix of (2) three-bedroom/three-bathroom townhome-style units, (6) three-bedroom/two-bathroom units, (1) two-bedroom/two-bathroom unit, and (1) designated three-bedroom/two-bathroom affordable housing unit. The spacious floor plans support strong tenant demand and stable occupancy, while the original builder’s warranty remains in effect through 2029, covering qualifying construction-related defects, including the roof structure, plumbing, and electrical systems.
Ideally located just minutes from The Grove, Original Farmers Market, LACMA, Cedars-Sinai Medical Center, UCLA, and the Metro D (Purple) Line Wilshire/Fairfax Station, the property provides convenient access to Beverly Hills, Century City, Culver City, West Hollywood, and Downtown Los Angeles. Combining modern construction, attractive assumable financing, stable in-place income, and an irreplaceable infill location, 1545 S. Fairfax Avenue represents a rare opportunity to acquire a newer-generation multifamily asset in one of Southern California’s most sought-after investment markets.
Property Description
1545 S. Fairfax Avenue is a pride-of-ownership, 2019-constructed 10-unit apartment building in the highly desirable Fairfax District of Los Angeles. Professionally managed and well maintained, the property features an excellent unit mix of (9) 3-bedroom units and one 2-bedroom unit, including (2) premium 3-bedroom/3-bath townhome-style residences.
The spacious, functional units feature central A/C, hardwood flooring, stainless-steel kitchens, dual-pane windows, recessed lighting, balconies and patios, attractive bathrooms, and in-unit washer/dryer hookups. Additional building amenities include 17 subterranean parking spaces, elevator access to all residential floors, controlled-access security gates, and 24-hour security cameras.
The property offers excellent curb appeal and the benefits of newer construction, including an original builder's warranty through 2029 covering qualifying construction-related defects. Centrally located near The Grove, LACMA, shopping, dining, major transportation routes, and the Metro D Line Wilshire/Fairfax Station, 1545 S. Fairfax Avenue offers investors a turnkey multifamily asset in one of Los Angeles' most desirable rental markets.
Key Property Information
| Listing Status: | Available |
|---|---|
| Property Types: | Apartment Buildings |
| Price: | $7,400,000 |
| No. of Units: | 10 |
| Cap Rate: | 3.88% |
| GRM /GIM: | 16.80 |
| Average Occupancy: | 98 |
| Year Built: | 2019 |
| Building Size: | 10,785 Sq ft |
| Lot Size: | 0.16 Acres |
| No. of Stories: | 4 |
| Zoning Code: | LAR3 |
| Opportunity Zone: | No |
| Price per unit: | $740,000 |
| Parking Spaces: | 17 Subterranean |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|---|---|---|
| 3 Bed/3 Bath Townhouse Style | 2 | 1122 | 4000 |
| 3 Bed/ 2 Bath | 6 | 1067 | 3750 |
| 2 Bed/2 Bath | 1 | 910 | 3150 |
| 3 Bed/2 Bath (Low Income) | 1 | 1067 | 1023 |
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|---|
| Financial year: | 2025 |
| Gross income: | 440472 |
| Effective Gross income: | 440396 |
| Operating expenses: | 153492 |
| Net operating income: | 286901 |
| Pre-tax cashflow: | 160783 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Eric Girod | (310) 691-0146 | [email protected] |
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