Two Covered Land Plays in West Hollywood

Kennedy Wilson Real Estate Sales and Marketing as exclusive agent, is pleased to present an opportunity to develop and build up to 38 new apartments or condominiums on Fairfax Avenue just north of Santa Monica Blvd. 1227 & 1233 N Fairfax is a nearly ½ acre site currently improved with 22 single story garden apartments that currently generates ±$252,000 annual gross rental income. The property will be delivered free and clear of all debt, but subject to existing month to month leases.

1227 & 1233 N Fairfax Avenue boasts a “Walk Score” of 96 out of 100 and is considered a “Walker’s Paradise”. This rare in-fill redevelopment site is proximate to all the best retail shopping, dining and entertainment along Fairfax, Santa Monica Blvd, Sunset Blvd and Melrose Avenue. The vibrant Fairfax submarket is experiencing a renaissance of new development and is easily accessible to neighboring Beverly Hills, Century City, Hollywood and the Mid Wilshire/Miracle Mile office corridors. Unlike other in fill sites offered around town, 1227 & 1233 N Fairfax Avenue provides income during the entitlement pursuit process and most importantly… is NOT subject to the newly imposed City of Los Angeles ULA Transfer Tax.

This covered land play represents a generational sale of family-owned real estate and is being marketed concurrently with a smaller owner/user property just 2 blocks away at 1019 Fairfax Ave that features a 2-sided billboard and loaded with upside.

Property Information

Property Type:Multi-Family
Address: 1227-1233 N Fairfax Avenue
West Hollywood , CA 90046
(View on map)
Lot Size:21,120 Sq Ft
Property APN:5554-012-011; 5554-012-010
County:Los Angeles

Auction Information

Auction Category:Non-Probate

Available Downloads

Listing Agent Information

Agent Name: Andy Levant (email)
Agent DRE Lic #: 01011576
Agent Phone: 310-559-1000
Company: Kennedy Wilson Real Estate Sales & Marketing

34.092774, -118.3616986

This property (the "Property") is offered together with improvements thereon "as is, where is" with no warranty expressed or implied. The Seller and Kennedy Wilson make no representations regarding the Property offered for sale such as size and condition of improvements, lot size, boundaries, zoning, code violations, compliance with applicable ordinances, property features, rights, obligations, etc. All information and documents provided by the Seller and Kennedy Wilson are from sources deemed to be reliable but are not guaranteed. A prospective purchaser must rely on its own investigation and inspections prior to purchasing. Property is offered subject to withdrawal or prior sale at any time prior to a legally binding purchase and sale agreement. The legally binding purchase and sale agreement contains the entire agreement between parties and supersedes all prior communications, whether oral or written, express or implied, between the parties. EQUAL HOUSING OPPORTUNITY