1316 N Fairfax Avenue West Hollywood, CA ^$ 3,400,000

1316 N Fairfax Avenue

^$ 3,400,000

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Recently Listed

1316 N Fairfax Avenue

West Hollywood, CA, 90046

^$ 3,400,000

Bedrooms12 Baths12.0 Sq 7,885

Monthly Estimate*

^$ 22,597

Listed by Power Brokers

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Multi-Family Home for sale in West Hollywood, CA

for $3,400,000 with 12 bedrooms and 12 full baths. This 7,885 square foot home was built in 1967 on a lot size of 0.1504.

Prime investment opportunity on the edge of West Hollywood! This 8 unit building features 4 spacious 2br/2bath units, and 4 large 1br/1bath units with parking. Units have been renovated as vacancies occur. Walkable to the Weho Whole Foods and the trendy restaurants and shops of the Sunset Strip, this location is as desirable for its neighborhood feel as it is for its easy accessibility to the Weho nightlife. This is a unique opportunity in a prime location.

Multi-Family Active

Price

^$ 3,400,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1504

Year Built

1967

Town/City

West Hollywood

County/Region

Los Angeles

MLS | Web ID

24391109

Days on Market

Features

General

Interior Features Balcony CeilingFans Storage

Sewer Other

Cooling WallWindowUnits

Utilities OverheadUtilities

Appliances Disposal Range Refrigerator RangeHood Dryer Washer

Exterior Features RainGutters

Zoning R2-1XL

Patio/Porch Features Concrete

Security Features WindowBars

Construction Materials Stucco WoodSiding

Year Built 1967

Tenant Pays CableTV Electricity Gas

Stories 2

Levels Two

Gross Income 177504.0

County Los Angeles

Net Operating Income 153942.0

Insurance Expense 11282.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Facing Direction West

Garage Y/N N

Special Listing Conditions Standard

Status Active

Buyer Financing Cash Conventional

Directions 3 Buildings north of Fountain on Fairfax. Between Santa Monica Blvd and Sunset.

City West Hollywood

Disclosures RentControl

Entry Location Ground Level w/steps

View Y/N N

Senior Community Y/N N

Total Units 8

MLS Area C20 - Hollywood

Lot Size Square Feet 6550.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 8

Street Name Fairfax

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 360.0

Home Warranty Y/N N

Property Condition RepairsCosmetic UpdatedRemodeled

Trash Expense 3720.0

Water Sewer Expense 8000.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 8

Standard Status Active

Occupancy Type Tenant

Cap Rate 4.58

Interior

Flooring Carpet Tile Vinyl Wood

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N N

Window Features Blinds DoublePaneWindows Drapes

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Laundry Features LaundryRoom

Total Bedrooms 12

Electric On Property Y/N N

Total Baths 12

Exterior

Parking Features Assigned Covered Driveway SharedDriveway OnStreet

Lot Features Landscaped RectangularLot ValueInLand

Water Source Public

Total Parking 8.0

Inclusions Common area coin operated washer/dryer. Each unit comes with range refrigerator and wall a/c unit.

Lot Size Area 6550.0

Number of Buildings 1

Spa N

Building Area Total 7885.0

Lot Dimensions 131x50

Lot Size Acres 0.1504

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 0

Number of Separate Gas Meters 8

Number of Separate Electric Meters 8

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1316

* Excluded Features

List By

Power Brokers

Broker

(310) 770-3698

Phone

Affordability Calculator

$22,597

Per Month

Monthly Principal & Interest: $22,597
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% 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

Trends
Schools

Multi-family listings in West Hollywood, CA

Average List Price ^$3,525,009

Percent of Sale Price 4%

About West Hollywood, CA

35,971 Population

1% Since 2002

^$69,697 Median Income

43.33 Median Age

4% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/14/2024	$3,400,000		Listed Price

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1316 N Fairfax Avenue, West Hollywood, CA, 90046 is a Multi-Family Home for sale at $3,400,000 with 7,885 sqft and a lot size of 0.1504. 1316 N Fairfax Avenue has 12 bedrooms, 12.0 baths, and was built in 1967. The property's zip code is 90046 which is in West Hollywood, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1316 N Fairfax Avenue

Multi-Family Home for sale in West Hollywood, CA

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