Fairfax Apartment Building Sales
Explore 4 closed transactions totaling $13.26M in Fairfax. Data from the LAAA Team at Marcus & Millichap.
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Transactions
$13.26M
Total Volume
4.51%
Avg Cap Rate
$542,875
Avg $/Unit
6
Avg Units
2012
Since
Cap rate, price per unit and unit count are averaged across apartment sales only: 2 of these 4 closed transactions are apartment sales.
LAAA Team Track Record Since 2012
Fairfax Multifamily Market Overview
The Fairfax district is centered along Fairfax Avenue near The Grove, LACMA, and the Melrose corridor. Across 4 transactions totaling $13.3M, the 2 apartment sales average a 4.51% cap rate at $543,000 per unit across 12 units. LA RSO applies.
Market Snapshot
Source: CoStar | Mid-Wilshire Multifamily | 2026 Q1Rents by Unit Type
Investment Activity (Trailing 12 Mo)
Fairfax Market Area
LAAA Team Closings in Fairfax
4 transactions by Glen Scher, Filip Niculete & the LAAA Team
401 S Le Doux Rd
Los Angeles • 2024
$2,626,000Cap
3.01%
346 N Gardner St
Los Angeles • 2022
$2,750,000Units
4Cap
4.75%$/Unit
$687,500
7714 Rosewood Ave
Los Angeles • 2019
$3,186,000Units
8Cap
4.26%$/Unit
$398,250
470 South San Vicente Boulevard
Los Angeles • 2017
$4,700,000
Source: LAAA Team Closed Transactions
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