Fairfax Apartment Building Sales
Explore 4 closed multifamily transactions totaling $13.26M in Fairfax. Data from the LAAA Team at Marcus & Millichap.
4
Transactions
$13.26M
Total Volume
4.01%
Avg Cap Rate
$407,987
Avg $/Unit
10
Avg Units
2013
Since
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, average cap rate is 4.01% at $408K per unit across 31 units. LA RSO applies.
Market Metrics
Total Deals
4
Total Volume
$13.26M
Avg Cap Rate
4.01%
Cap Rate Range
3.01% - 4.75%
Avg $/Unit
$407,987
$/Unit Range
$138,211 - $687,500
Avg Units/Deal
10
Deal Types
Apartments: 3, Office: 1
Market Snapshot
Source: CoStar | Mid-Wilshire Multifamily | 2026 Q1Rents by Unit Type
Supply & Demand
Investment Activity (Trailing 12 Mo)
LAAA Team Closings in Fairfax
4transactions by Glen Scher, Filip Niculete & the LAAA Team
401 S Le Doux Rd
Los Angeles • 2024
$2.63MUnits
19Cap
3.01%$/Unit
$138,211
346 N Gardner St
Los Angeles • 2022
$2.75MUnits
4Cap
4.75%$/Unit
$687,500
7714 Rosewood Ave
Los Angeles • 2019
$3.19MUnits
8Cap
4.26%$/Unit
$398,250
470 South San Vicente Boulevard
Los Angeles • 2017
$4.70M
Source: LAAA Team Closed Transactions
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