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1241 N Fairfax Ave 14 Unit Apartment Building $4,519,746 CAD ($322,839 CAD/Unit) 5.03% Cap Rate West Hollywood, CA 90046
Investment Highlights
- Heavily in demand area
- Prime location for walkability
Executive Summary
Prime 14-unit Mid-century gem in the heart of West Hollywood, ideally situated between to Santa Monica and Sunset Boulevards and close to shopping, restaurants, and nightlife. Sited on an 8,700+ sq ft lot, this pride-of-ownership building features bright and spacious units with hardwood floors, updated kitchens, and modernized systems throughout. A large front facing 2-bedroom, 2-bath unit will be delivered vacant, perfect for immediate additional income. The property includes off-street tuck-under and carport parking for all units, with additional storage for select units. All state and local mandated soft-story and other seismic retrofits - including elevated structure compliance completed by current owner. Additional upgrades include newer dual-pane windows, updated systems, new front awnings, and fresh exterior paint in 2023. Located in the strong WeHo rental market, this is an ideal investment opportunity and a smart choice for a 1031 exchange.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,519,746 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $322,839 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.03% | Building Size | 10,378 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 93% |
| Gross Rent Multiplier | 12.13 | No. Stories | 2 |
| No. Units | 14 | Year Built | 1958 |
| Property Type | Multifamily | Parking Ratio | 0.43/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4, West Hollywood | ||
| Price | $4,519,746 CAD |
| Price Per Unit | $322,839 CAD |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.13 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 10,378 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.43/1,000 SF |
| Zoning | R4, West Hollywood |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 550 |
| 1+1 | 10 | - | 700 |
| 2+2 | 2 | - | 1,100 |
Walk Score®
Walker's Paradise (96)
Property Taxes
| Parcel Number | 5554-012-009 | Total Assessment | $5,408,726 CAD (2025) |
| Land Assessment | $3,769,721 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,639,005 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5554-012-009
Land Assessment
$3,769,721 CAD (2025)
Improvements Assessment
$1,639,005 CAD (2025)
Total Assessment
$5,408,726 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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1241 N Fairfax Ave
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