This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Retail with National Anchor Tenant in WeHo 1010 N Fairfax Ave

5,400 SF 100% Leased Retail Building West Hollywood, CA 90046 £5,131,115 (£950/SF) 5.36% Net Initial Yield

Investment Highlights

  • 3,360 Sf Of Improvements + a total of 2,000 SF of Outdoor Patio Spaces On 9,628 Sf Lot.
  • Tremendous Frontage; 150 Feet Along Fairfax Ave.
  • Outstanding Walking Score Of 97!!!
  • Located Just South Of Santa Monica Blvd.
  • National Tenant: Flippers With Full Liquor License!
  • Great Demographics; Approx. 50,000 People Reside Within A 1-mile Radius & Approx. 275,000 People Reside Within A 3-mile Radius

Executive Summary

KW Commercial and David Yashar exclusively present 1010 Fairfax Ave in the vibrant heart of West Hollywood, California. This prime retail property offers an exceptional investment opportunity with minimal owner responsibility. The property features a 3,360 square foot retail building complemented by 3 spacious outdoor patio spaces totaling approx. 2,000 sf, all situated on a generous 9,628 square foot lot. This fully leased investment ensures a steady income stream, allowing investors to capitalize on the thriving West Hollywood market without the demands of extensive property management.
The location boasts outstanding visibility with 150 feet of frontage along Fairfax Ave and benefits from high traffic counts, with over 30,000 cars passing by daily. Convenience is a key feature, with on-site parking and plenty of street parking available, ensuring ease of access for both customers and staff. Positioned strategically between the major signalized intersections of Fairfax Ave & Santa Monica Blvd to the north and Fairfax & Melrose Ave to the south, the property offers excellent connectivity and accessibility. The neighborhood's high walkability score of 97 further enhances its appeal, promoting steady pedestrian traffic.
The surrounding community is thriving, with over 50,000 residents within a 1-mile radius and approximately 275,000 people within a 3-mile radius, ensuring a robust customer base. The property is just east of Beverly Hills and north of Fairfax High School, placing it at the crossroads of significant commercial and residential zones.
This fully leased investment features a diverse and dynamic tenant mix. Flippers, a renowned national brand aiming to provide the best pancakes in the world in LA. Their space offers indoor dining and an outdoor patio with high counters, as well as a takeout window, catering to both sit-down and on-the-go customers. Flippers has become a "goto" spot for "boozy brunches" within the West Hollywood area with its full liquor license. The property also hosts a ghost kitchen, capitalizing on the growing demand for delivery and takeout services. Additionally, Pantheon Coffee House, co-owned by Sam Davar and Amir Bayat, is known for its specialty coffee, cozy retreat ambiance, and soulful music. Pantheon hosts musical acts and offers the best products available, creating a vibrant community hub.
West Hollywood, known for its eclectic mix of retail, dining, and entertainment options, attracts both locals and tourists alike. The city’s unique blend of historic and contemporary influences makes it a prime destination for businesses seeking to capitalize on a dynamic and affluent demographic. With this fully leased investment, you can enjoy the benefits of a high-performing property with minimal management duties.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
5,400 SF
Building Class
C
Year Built
1990
Price
£5,131,115
Price Per SF
£950
Net Initial Yield
5.36%
NOI
£275,279
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.56
Land Acres
0.22 AC
Zoning
R3C-C
Parking
12 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
151 ft on N Fairfax Ave

Amenities

  • Pylon Sign
  • Restaurant
  • Roof Lights
Walk Score ®
Walker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
CrossFit
Whole Foods
Hamburger Mary's Bar & Grille
The Coffee Bean & Tea Leaf
Veggie Grill
Chase Bank
Orangetheory Fitness
Bank of America
Blue Bottle Coffee

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5530-012-014
  • 5530-012-026
Land Assessment
£3,278,966
Improvements Assessment
£86,287
Total Assessment
£3,365,253
  • Listing ID: 32381269

  • Date on Market: 08/07/2024

  • Last Updated:

  • Address: 1010 N Fairfax Ave, West Hollywood, CA 90046

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}