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$3,060,000
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Property Description
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.
Full Property Details
Full Property Details for 1118 S Fairfax Ave
General
- Sold For: $3,060,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW25197767
- Added to Site: 139 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 10
- Parking Features: Attached Carport
- Parking: Attached Carport
Location
- Area: C16 - Mid Los Angeles
- County: Los Angeles
- Development Name: C16 - Mid Los Angeles
- Driving Directions: On Fairfax, South of Olympic Blvd.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 16
- # Electric Meters: 16
Structural Information
- Entry Location: Ground
- Square Feet: 13,091
- Year Built: 1955
Unit Information
Unit 1
- Number of Units: 3
- Total Bathrooms: 1
Unit 2
- Number of Units: 7
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 3
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Number of Units: 3
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.2665
- Lot Size Source: Assessor
- Zoning: LAR4
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $233.75
- Price Per Unit: 225000
Listed and Sold by Greysteel California, Inc., Everett Wong
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Schools
Schools serving 1118 S Fairfax Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Carthay Center Elementary 6351 West Olympic Boulevard, Los Angeles, CA 90048 | K-5 | 0.4 mi |
Emerson Community Charter School 1650 Selby Avenue, Los Angeles, CA 90024 | 6-8 | 4.1 mi |
Fairfax Senior High School 7850 Melrose Avenue, Los Angeles, CA 90046 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1118 S Fairfax Ave
Date
Details
Price
Change
Source
10/28/2025
Sold
$3,060,000
-15%
MLS
9/03/2025
Listed
$3,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1118 S Fairfax Avenue, Los Angeles, CA 90019 (MLS# PW25197767) is a Multi-Family property that was sold at $3,060,000 on October 28, 2025. Want to learn more about 1118 S Fairfax Avenue? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

