About 1118 Fairfax Avenue
Presenting a rare opportunity to acquire a well-maintained 16-unit multifamily property prominently located along one of LA's iconic North/South avenues. Offered at an 11.3x GRM, 1118 S. Fairfax features a diverse and attractive unit mix of 3 studios, 7 one-bedrooms, and 6 two-bedrooms with upside in rents close to 40% from current to market. The property is ideally positioned in the high-demand Carthay Square/Wilshire Vista area, where residents benefit from excellent connectivity to major employment hubs and close proximity to renowned dining, retail, and cultural destinations - making this a prime investment in one of LA’s most dynamic rental submarkets. 1118 S. Fairfax will be delivered with two (2) renovated one-bedroom vacant units which are ready for immediate occupancy - or additional value-add improvements. The mandatory soft-story seismic retrofit has been completed.
Features of 1118 Fairfax Avenue
| MLS® # | PW25197767 |
|---|---|
| Price | $3,600,000 |
| Sold Price | $3,060,000 |
| Bedrooms | 5 |
| Bathrooms | 5.00 |
| Lot Sqft | 11,609 |
| Acres | 0.27 |
| Year Built | 1955 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Closed |
| # Of Units | 16 |
Community Information
| Address | 1118 Fairfax Avenue |
|---|---|
| Area | C16 - Mid Los Angeles |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90019 |
Amenities
| Parking Spaces | 20 |
|---|---|
| Parking | Attached Carport |
| # of Garages | 10 |
| Garages | Attached Carport |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | ZeroToOneUnitAcre |
|---|
Additional Information
| Date Listed | September 1st, 2025 |
|---|---|
| Date Sold | October 28th, 2025 |
| Days on Market | 32 |
| Zoning | LAR4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Everett Wong |
|---|---|
| Office | Greysteel California, Inc. |