723-725 Fairfax AveLos Angeles, CA 90046

Property Details for 723-725 Fairfax Ave

Year built

1942

Property size (Sq ft)

7,239 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional three-story executive office building, located at 723-729 N Fairfax Ave in Los Angeles, CA 90046, presents a unique investment opportunity. Boasting 7,239 square feet on a 9,926 square foot lot, the property features 11 parking spaces and 80 feet of prime frontage on Fairfax Avenue, ensuring excellent visibility and accessibility. Built in phases between 1942 and 1957, the building is zoned LA C2-1VL and currently generates a substantial annual gross income of $252,608 (all tenants are month-to-month). The property's strategic location just north of Melrose Avenue, 3.5 blocks south of Santa Monica Boulevard, and within easy reach of major freeways (Hollywood 101 and Santa Monica I-10) provides unparalleled convenience and exposure. Its proximity to renowned attractions like the Sunset Strip, Hollywood Walk of Fame, The Grove, and various museums further enhances its desirability. This is an ideal acquisition for owner-users or investors seeking a high-return property in a vibrant and sought-after location. The asking price is $3,900,000, translating to $546.29 per square foot. The property includes two APNs: 5527-012-008 and 5527-012-007. Rear surface parking provides ample space for tenants and visitors.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0845

Longitude

-118.362

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