Auction Information

Kennedy Wilson Real Estate Sales and Marketing as exclusive agent, is pleased to present two covered land plays on Fairfax Avenue in the city of West Hollywood, CA.

1227 & 1233 N Fairfax Avenue located just north of Santa Monica Blvd is is an opportunity to develop and build up to 38 new apartments or condominiums. 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.

Offered separately is 1019 N Fairfax located just south of Santa Monica Blvd is a ±6,674 square foot in-fill redevelopment site with the potential to build up to 15 new residential units and may be eligible for additional incentives using a combination of the city’s mixed-use and transit overlay zones. 1019 N Fairfax is currently improved with ±3,038 sq. ft. 2-story office building, surface parking, auxiliary structure at the rear of the lot and a lucrative two-sided billboard. Altogether, the property has in place gross annual income of approximately $88,000 and will be delivered free and clear of all debt, but subject to existing month to month leases. Alternatively, 1019 N. Fairfax is ideally suited for a new owner/user or investor to renovate existing improvements, add space, and negotiate a market rent lease for the billboard.

These covered land plays represent a generational sale of family-owned real estate and is being marketed in parallel.

Listing Agent Information

Agent Name: Andy Levant (email)
Agent Phone: 310-559-1000
Company: Kennedy Wilson Real Estate Sales & Marketing
OFFICE IN WEST HOLLYWOOD
34.0893082, -118.3617101
MULTI-FAMILY IN WEST HOLLYWOOD
34.092774, -118.3616986

Please note: 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