1336 Fairfax Avenue , Los Angeles, CA - 90046 is For Sale

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$3,050,000· Income property

Description

This prime duplex is located in the heart of Hollywood, just north of Santa Monica Boulevard and near the Sunset Strip. Its central location offers easy access to top restaurants, entertainment, and cultural hotspots, making it an attractive option for both tenants and future buyers. Hollywood's strong demand for housing and global appeal position this property as a solid long-term investment in a high-growth market. The large, modern units are designed with high-quality finishes, including 3 bedrooms, 3.5 bathrooms, walk-in closets, and spacious open-concept layouts with high ceilings and natural light. The chef's kitchens feature granite countertops, stainless steel appliances, and luxurious master suites with en suite bathrooms and private balconies, catering to high-paying tenants. A standout feature of the property is the expansive rooftop deck offering 360-degree views of Downtown LA, the Hollywood Hills, and the Westside. This outdoor space is a highly desirable amenity, enhancing the property's appeal and increasing its potential for long-term appreciation. The property also includes private garages for each unit, a crucial feature in a city where parking can be scarce, ensuring tenant satisfaction. Additionally, the gated and secure entrance, along with the attractive curb appeal and meticulously maintained front and backyard, makes the property appealing to high-net-worth individuals seeking a safe and visually striking home environment.

Features

MLS#: 25493721
List Price : $3,050,000
Total Units : 2
CAP rate : $3.57
Gross Operating Income : $165,055
Net Operating Income : $108,832
Sq M : 609 M2
Year Built : 1917
Days on market : 156 Days
Gross taxes : N/A
Address : 1336 Fairfax Avenue
City : Los Angeles
State : CA
Zip Code : 90046
Neighborhood : N/A
Appliances : Dishwasher, Disposal, Microwave, Refrigerator, Oven, Gas Cooktop
Fireplace Features : None
Stories : 3
Laundry : Washer Included, Dryer Included
Parking Features : Garage - Two Door, Garage - Single Door, Uncovered
Sale Type : Standard
Spa : None
View : City Lights, Hills
 
Property Type : Residential Income
Original List Price : $3,050,000
Acres : 0.1504
Lot Size (Acres) : 0.1504
Heating : Central
Parking Features : Garage - Two Door, Garage - Single Door, Uncovered
Pool Desc : None
Cooling : Central Air
Driving Directions : Near cross streets Fountain Ave & N Fairfax Ave.
 
Courtesy of : Saadia 'Sam' Liberow , Marcus & Millichap

Location

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CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).