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1545 S Fairfax Ave 10 Unit Apartment Building $10,471,740 CAD ($1,047,174 CAD/Unit) 3.88% Cap Rate Los Angeles, CA 90019
Investment Highlights
- 2019-Constructed Multifamily Asset – Modern Construction with Low Near-Term Capital Expenditures
- Exceptional Large Unit Mix – (2) 3-Bed/3-Bath Townhome-Style Units, (6) 3-Bed/2-Bath Units, (1) 2-Bed/2-Bath Unit & (1) ) 3-Bed/2-Bath Unit Affordable
- Builder Warranty Through 2029 – Covers Qualifying Structural, Roof, Plumbing & Electrical Defects
- Prime Fairfax District Location – One of Los Angeles' Premier Rental Markets
- Assumable $3,000,000 Loan – 3.90% Fixed Through 2029, Then Converts to an Adjustable-Rate Loan
- 17 Subterranean Parking Spaces – With Elevator Access to all Residential Floors.
Executive Summary
Burts & Associates is proud to present 1545 S. Fairfax Avenue, a rare opportunity to acquire a 2019-constructed, 10-unit multifamily apartment community in the highly desirable Fairfax District of Los Angeles. This contemporary four-story property features 17 subterranean parking spaces, modern construction, quality finishes, low near-term capital expenditure requirements, and the added benefit of an assumable $3,000,000 loan at a 3.90% fixed interest rate through 2029, providing attractive in-place financing.
The property offers an outstanding unit mix of (2) three-bedroom/three-bathroom townhome-style units, (6) three-bedroom/two-bathroom units, (1) two-bedroom/two-bathroom unit, and (1) designated three-bedroom/two-bathroom affordable housing unit. The spacious floor plans support strong tenant demand and stable occupancy, while the original builder's warranty remains in effect through 2029, covering qualifying construction-related defects, including the roof structure, plumbing, and electrical systems.
Ideally located just minutes from The Grove, Original Farmers Market, LACMA, Cedars-Sinai Medical Center, UCLA, and the Metro D (Purple) Line Wilshire/Fairfax Station, the property provides convenient access to Beverly Hills, Century City, Culver City, West Hollywood, and Downtown Los Angeles. Combining modern construction, attractive assumable financing, stable in-place income, and an irreplaceable infill location, 1545 S. Fairfax Avenue represents a rare opportunity to acquire a newer-generation multifamily asset in one of Southern California's most sought-after investment markets.
The property offers an outstanding unit mix of (2) three-bedroom/three-bathroom townhome-style units, (6) three-bedroom/two-bathroom units, (1) two-bedroom/two-bathroom unit, and (1) designated three-bedroom/two-bathroom affordable housing unit. The spacious floor plans support strong tenant demand and stable occupancy, while the original builder's warranty remains in effect through 2029, covering qualifying construction-related defects, including the roof structure, plumbing, and electrical systems.
Ideally located just minutes from The Grove, Original Farmers Market, LACMA, Cedars-Sinai Medical Center, UCLA, and the Metro D (Purple) Line Wilshire/Fairfax Station, the property provides convenient access to Beverly Hills, Century City, Culver City, West Hollywood, and Downtown Los Angeles. Combining modern construction, attractive assumable financing, stable in-place income, and an irreplaceable infill location, 1545 S. Fairfax Avenue represents a rare opportunity to acquire a newer-generation multifamily asset in one of Southern California's most sought-after investment markets.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $10,471,740 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $1,047,174 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 3.88% | Building Size | 12,665 SF |
| Gross Rent Multiplier | 16.8 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment | Parking Ratio | 1.34/1,000 SF |
| Zoning | R3 - LA-R3 - Residential/Multi-Family | ||
| Price | $10,471,740 CAD |
| Price Per Unit | $1,047,174 CAD |
| Sale Type | Investment |
| Cap Rate | 3.88% |
| Gross Rent Multiplier | 16.8 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 12,665 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2019 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | R3 - LA-R3 - Residential/Multi-Family |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- Sprinkler System
- Stainless Steel Appliances
- Double Pane Windows
- Instant Hot Water
- Island Kitchen
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Tenant Controlled HVAC
- Gated
- Gas Range
- Storage Space
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 2 | $6,722 CAD | 1,100 - 1,200 |
| 3+2 | 7 | $6,297 CAD | 1,000 - 1,100 |
| 2+2 | 1 | $4,953 CAD | 900 - 1,000 |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5068-021-028 | Total Assessment | $10,677,333 CAD |
| Land Assessment | $6,458,896 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $4,218,437 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5068-021-028
Land Assessment
$6,458,896 CAD
Improvements Assessment
$4,218,437 CAD
Total Assessment
$10,677,333 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Burts & Associates
1545 S Fairfax Ave
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