145 Fairfax AveLos Angeles, CA 90036

Property Details for 145 Fairfax Ave

Year built

1984

Construction

STEEL FRAME

Lot size

0.55 AC

Property size (Sq ft)

57,850 SF

Zone code

LAC2

Property type

Office properties

Property subtype

Office buildings

APN

5511-025-071

APU

5511025071

Description

This Class A office building, located at 145 S. Fairfax Avenue, Suites 200 & 300, Los Angeles, CA 90036, offers 29,791 square feet of flexible workspace in Los Angeles County. The property boasts a variety of office configurations, including traditional, executive, coworking, and creative office spaces, suitable for multiple tenants. Units range from a minimum of 50 square feet to a maximum contiguous space of 1,300 square feet, with a total of 350 suites. Currently, 5,650 square feet are vacant. Renovated in 2019, the building features elevators and is conveniently located near the intersection of 3rd Street and Fairfax Avenue, providing excellent access to West Hollywood, Hollywood, and Beverly Hills. Its prime location offers unparalleled access to amenities, including the Grove Shopping Center (featuring Nordstrom and Maggiano's) and the Original Farmers Market, directly across the street. The building's dynamic tenant roster includes real estate agencies, attorneys, and entertainment and PR consultancies, fostering a strong professional network. This property presents a unique opportunity to establish a presence in the heart of Los Angeles's vibrant media and entertainment district.

• CAP approach

  CAP return

  Valuation

  6%

  $16,761,450

  6.5%

  $15,472,107

  7%

  $14,366,957

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,000,756

  Geo Method

  $11,000,756

• Alternative Use

  Use

  Valuation

  Residential

  $19,185,414

  Hospitality

  $17,573,736

  Educational

  $14,621,142

  Medical

  $15,123,985

  Retail

  $22,743,998

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.073

Longitude

-118.362

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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