651 N Fairfax Avenue Los Angeles, CA $ 6,399,000
651 N Fairfax Avenue
$ 6,399,000
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651 N Fairfax Avenue

Los Angeles, CA, 90036
$ 6,399,000
Baths0.0 Sq 9,480

Monthly Estimate*

$ 44,699

Listed by Keller Williams Realty-Studio City
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Studio

Commercial Property for sale in Los Angeles, CA

for $6,399,000. This 9,480 square foot building was built in 1951 on a lot size of 0.2282.

Discover an unparalleled investment opportunity in the heart of Los Angeles with this prime commercial property on Fairfax Avenue. Located in a thriving neighborhood known for its dynamic growth and cultural significance, this offering presents the potential to transform two contiguous lots into a development masterpiece. Key Features: Prime Location: Situated in a highly sought-after area, this property enjoys proximity to vibrant dining, shopping, and cultural hotspots. The surrounding community has seen significant growth, making it a desirable destination for both residents and businesses. Development Potential: This unique property consists of two lots side by side, providing ample space for a visionary developer to create a substantial residential complex. Potential to build up to 52 units, catering to the strong demand for housing in the area. Buyer to verify and due their own due diligence. Nearby Developments: The area has witnessed a surge in new apartment developments, making this property a strategic addition to the evolving urban landscape. It aligns perfectly with the ongoing transformation of Fairfax Avenue. Investor's Dream: Savvy investors and developers will recognize the tremendous value and growth potential that this property offers. Take advantage of the opportunity to shape the future of this dynamic neighborhood. Accessibility: Convenient access to major transportation routes and public transit ensures ease of commute for future residents, further enhancing the appeal of this location. Investment Potential:Whether you're an experienced developer looking for your next project or an owner-user with a grand vision, 649-651 N Fairfax represents an exceptional opportunity to contribute to the renaissance of this iconic neighborhood. Seize this chance to be at the forefront of progress and innovation. Contact us today to explore the possibilities, discuss plans, and take the first step toward creating a lasting legacy on Fairfax Avenue.

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Commercial Active

Price

$ 6,399,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

0.2282

Year Built

1951

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR23165763

Days on Market

236

Features
General
Zoning LAC4
Year Built 1951
Property SubType Retail
County Los Angeles
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Melrose to Fairfax
City Los Angeles
View Y/N N
Senior Community Y/N N
MLS Area 699 - Not Defined
Lot Size Square Feet 9940.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Fairfax
Listing Terms Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 197
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Owner
Year Built Source PublicRecords
Property Sub Type Additional Retail
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Exterior
Lot Features Item01UnitAcre
Water Source Public
Lot Size Area 9940.0
Spa N
Building Area Total 9480.0
Lot Size Acres 0.2282
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 651
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* Excluded Features
List By
Keller Williams Realty-Studio City

Broker

(818) 432-1500

Phone

Affordability Calculator

$44,699
Per Month
100%
0%
0%
Monthly Principal & Interest
$44,699
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/20/2024$6,399,000 -1.55% Price Down
10/30/2023$6,500,000 -4.41% Price Down
9/6/2023$6,800,000 Listed Price

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651 N Fairfax Avenue, Los Angeles, CA, 90036 is a Commercial Property for sale at $6,399,000 with 9,480 sqft and a lot size of 0.2282. 651 N Fairfax Avenue is a studio with 0.0 baths and was built in 1951. The property's zip code is 90036 which is in Los Angeles, CA