$2,800,000 - 1215 S Fairfax Avenue,
- 4Beds
- Baths
- 0SQ. Feet
- 0.19Acres
SELLER FINANCING AVAILABLE!!! Yes, the seller will carry the debt at 4% interest only with $1.2M down on this asset for three years. Very rare to find an asset like this in Carthay, the most desired pocket of Los Angeles. You will not find a better price/unit or price/sf in the area. Due to location, this is a perfect asset to TIC and sell off as individual TIC homes with a total sales price of $7,200,000. You cannot find a better deal than this. To learn more please see exit TIC SALE proforma on page 14 of the OM. 1215 S Fairfax Ave is a 12 unit trophy asset located in an A+ area. The subject property is priced at only $233k/unit and has over 100% upside in rents. Once rented for market, 1215 S Fairfax will operate at a 10.44% CAP and 7.44 GRM. This is the ideal opportunity for any value-add investor looking for major upside in a top-tier location. 1215 S Fairfax is comprised of (10) 1Bed+1Bath and (2) Studio+1Bath units. Due to its location, the subject property demands high rents, beneficial to any new buyer. There are (4) 2 car garages located in the rear alley way, as well as plenty of street and permitted parking. There is also a shared laundry room on site. Located just minutes away from many shops, restaurants and other entertainment- this is a renter's dream! With a 91 walk score, this property is considered a walker's paradise
Essential Information
- MLS® #:SB23064576
- Price:$2,800,000
- Bedrooms:4
- Bathrooms:0.00
- Acres:0.19
- Type:Residential Income
- Status:SOLD
Community Information
- Address:1215 S Fairfax Avenue
- Area:LOS ANGELES (90019)
- County:Los Angeles
- State:CA
- Zip Code:90019
Amenities
- Pool:N/K
Exterior
- Lot Description:Curbs
Additional Information
- Date Listed:April 18th, 2023
- Days on Market:167
- Zoning:Assessor
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- Price Range:
- $1,680 - $33,000,000
- Current Listings:
- 3577
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
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Back to ResultsOceanside Real Estate 
Our Oceanside Real Estate agents specialize in Oceanside Real Estate. For the most current information on the Oceanside marketplace please use our Oceanside website or contact us today.
There are currently 110 blog entries related to this category.
Oceanside Seller Carry Back Homes
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With the rise in mortgage interest rates that has slowed down the real estate market more sellers are getting creative in how they sell their Properites. Beyond the traditional ways of buying a home through a mortgage lender or simply paying all cash is the creative way of having the seller carry back a loan. I learned this method many years ago in the 1990's with Carleton Sheet's book "How to buy your first home or investment property with no Down Payment which really was really useful information. Carleton would always recommend using someone else's money when buying real estate and having the seller carry back a mortgage was one way of doing that. The concept was basically the idea of talking with the owner of the property and…
Oceanside Lake View Rental Homes
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Oceanside, California is a beach town that offers a variety of views that include the ocean views and some hills and mountain views as well. The one thing you don't think of when thinking about this small beach city is a home that has lake views. There is a small area in North Oceanside that does offers a small lake with select properties that offer these nice water views. The area is called Libby Lake and can be found going north on the 76 freeway and turning north on College Road where the current Walmart super center store is located. Once you pass over the San Luis Rey River area then you are just a few blocks away from the Lake. The Lake is so popular that they named an elementary school and neighborhood park after…
Most Expensive Oceanside Homes Sold In 2022
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Oceanside, California is filled with a lot of different neighborhoods that are located on both the ocean side and east of the 5 freeway. Real Estate prices can vary depending on where you are located in Oceanside and the general rule of thumb is that the closer you are located to the beach the more expensive the real estate. This notion was true this year as the most expensive properties were all ocean front homes located streets like "The Strand" and "Pacific Street." It's still widely considered one of the most affordable beach towns in Southern California with lots of opportunities for those looking for good deals.
212 S The Strand, Oceanside was the most expensive home sold in May of 2022. The four bedroom single family…
Oceanside Lease Option Homes For Sale
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We had a client contact requesting more info on how a lease option would work on a rental property that she had found. We explained to her that there are several moving parts to doing a lease option as putting a deal together like this takes a lot of negotiations on several fronts. First, we explained that we need to find out if the owner is willing to sell the home even though the home is only listed for lease. Once we found out that the seller would entertain an offer to purchase it we asked if he would be willing to do a lease first with an option to buy it within a 12 month period. The owner said that they would agree to this depending on the purchase price of the home. Since the property is not listed for sale this is a…
Oceanside Rentals 2 Blocks To The Beach
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Oceanside one of the best values and places to look when trying to find a rental property in North San Diego county. While there is a large variety of rental properties found throughout the city the closer you get to the beach the more likely the property will end up being a short term vacation rental. This is especially true when you get within a couple block radius to the beach in Oceanside, California. Within this area are some really great places to look if you are wanting a rental property that is rented out on a month-to-month basis. The first and probably the most popular places is the San Miguel condo complex. if you have ever been to the Oceanside Pier area and walked along the beach then you will have seen the San…
Buckingham Estates Oceanside Community
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One of the few places in Oceanside, California where you can find a home on large parcels on land would be the Buckingham Estates community. If you local to Oceanside and have never heard of this community you are not alone, since there are only 30 homes in this community they rarely come on the market for sale. On average, these homes can have lot sizes between one to three acres and can also offer nice views as well. The location is north of the Arrowood golf community and near the Camp Pendleton marine base camp. A new listing just came on the market at 1113 Conure Court that is listed at $2,140,000. It features a total of five bedrooms, nine baths with an approximate 6,827 square feet of living space on a 1.22 acre lot.…
Rancho Del Oro Ocean View Homes
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Rancho Del Oro is considered to be on the largest communities in Oceanside that include a variety of single family home and condo neighborhoods to choose from. The location is not necessarily located near the beach as it's situated several miles in from the 5 freeway and the beach. The area is not really known for it's ocean view properties but there a few select homes that do offer views of the Pacific Ocean. A perfect example of this is a home that is currently on the market for sale at 1518 Corte Roberto. It's currently listed at $860,000 and features four bedrooms, two and a half baths with a reported 1,994 square feet. Beyond offering ocean views which is very rare for this area the home also has a lot to offer which…
Oceanside Ocean and Harbor View Condos
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Oceanside has a great variety of residential condos and homes to choose from that are located blocks to the beach while others are a short driving distance. We have buyers that ask about the best places to find ocean and harbor view condos in the Oceanside area and there are a couple of great condo buildings to choose from. Both of these buildings are located on the ocean side of the 5 freeway which is where you want to be in order to have a really great view. Amenities will vary depending on where you decide to buy so here is our quick guide to both of these locations.
First, the Marina Tower in Oceanside will have a commanding view of the Pacific Ocean as well as the Oceanside Harbor. Whenever someone asks for a Harbor…
Oceanside Homes For Sale with NO HOA
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The real estate market in 2022 has seen a major shift as mortgage interest rates continue to go up with current rates as of June 2002 at over 6%. When factoring in the monthly carrying costs to buy and manage a home that are a lot of costs that are associated with it. First, if you are getting a mortgage you will have your monthly mortgage payment plus annual taxes and property insurance. If you are buying a home that's located within a formal association than expect to pay monthly association dues on top of everything else. As you can see these various costs quickly add up which is way some home buyers specifically lookin for homes with no HOA (homeowners association dues).
Homeowners association dues will vary depending on…
Pacifica Del Mar Oceanside Condos
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One of my favorite buildings near the Oceanside Pier area to capture some great ocean views is the Pacifica Del Mar complex located at 152 S Pacific Street. These six residential condos located here are technically not located right on the beach as they are located on the across the street from the Oceanside Tyson Street Park area that provides very nice and direct ocean views. The location is just a several block radius south from the Oceanside Pier area with condos here rarely coming on the market for sale. It just so happens that there are currently 2 condos listed for sale here listed for $1,750,000 and $1,795,000. Both of these units have the identical square footage but one is listed as a two bedroom while the other one is listed…
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Listing information last updated on May 19th, 2024 at 5:15am CDT.