Own a building here? Fairfax multifamily broker — Michael Sterman’s closing record, comparables and process →
Fairfax and adjacent Beverly Grove are LA City neighborhoods bordering Hancock Park and West Hollywood. Known for the Grove / Farmers Market, CBS Television City, and concentrated Orthodox Jewish community.
The Beverly-Fairfax district runs 3.2 square miles, bounded by Willoughby Avenue on the north, Wilshire Boulevard on the south, La Brea Avenue on the east and La Cienega Boulevard on the west. The Los Angeles Times Mapping L.A. project draws a much tighter version — 1.23 square miles, east of Fairfax Avenue. The gap between those two is not academic: the western half runs up against the West Hollywood city line, and West Hollywood is a separate municipality with its own rent control. A building a few blocks west of another can answer to an entirely different set of rules, which is the first thing to settle about any address near this edge. West Hollywood is a separate city with its own rent stabilization and no Measure ULA — which city actually governs your building sets out the difference.
A City of Los Angeles neighborhood, not a separate city — LA City rules, LA City taxes, LA City enforcement, and Los Angeles rent stabilization on any building whose certificate of occupancy predates 1 October 1978. Almost all of the apartment stock here does. The 2000 census counted 12,490 residents in the tighter district.
Diverse demographic with significant Orthodox Jewish community (historically the center of LA's Jewish community since the 1930s-40s), LGBTQ+ residents at the West Hollywood boundary, and newer gentrification-era residents drawn to the Grove and Television City proximity.
Small buildings, and the per-unit figures on the closings page spread more widely here than in any other submarket in this record — by a factor of more than three from one end to the other. Two things drive that. Size: the smallest buildings, at three and four units, carry the highest per-door figures, because at that size a buyer is partly buying land and optionality rather than income. And geography: the blocks toward the West Hollywood line and the blocks toward La Brea are different markets wearing one name. Any valuation that averages across the whole district will be wrong at both ends.
For what that looks like in practice: the 5 Fairfax apartment buildings in our own closed record run from 3 to 13 units, with a median of 4. See every one of them →
This is one of the few submarkets in this record where the historic designation is about the apartment buildings themselves rather than the houses. The stock is 1920s and 1930s low-rise multifamily — courtyard buildings, Spanish Colonial and period walk-ups, built at a density that would not be permitted today — infilled later with postwar boxes. The 1966 demolition of Fairfax High's original buildings on seismic grounds is a useful marker: unreinforced masonry and soft-story construction from this era is exactly what Los Angeles has since required owners to retrofit, and the retrofit status of a pre-war building here is a diligence item rather than a footnote.
| Building | Year | Why it matters |
|---|---|---|
| CBS Television City | 1952 | Built on the former Gilmore Stadium site at Fairfax and Beverly. The Price Is Right has filmed in Studio 33 continuously since 1972. A large, long-tenured employer inside the submarket. |
| The Original Farmers Market | 1930s | Open-air stalls and cafes at Third and Fairfax, and the reason this intersection has been a destination for ninety years. |
| The Grove | 2002 | Opened alongside the Farmers Market and reshaped the retail gravity of the whole district. |
The Beverly-Fairfax Historic District was designated in 2019 and is listed on the National Register of Historic Places, and unusually for this record its subject is the district's 1920s apartment buildings rather than its single-family houses. For an owner that is the most consequential fact on this page: designation constrains what can be done to a building's exterior, and it applies to exactly the product that trades here. Boundaries are parcel-specific. Confirm any address against the city's own records before the diligence conversation rather than after it.
CBS Television City (redevelopment planned), The Grove retail, Farmers Market. Professional services and retail along Beverly, Third, and Fairfax.
Bus service. Metro D Line (Purple) extension stations along Wilshire.
No rail station serves the district today. Bus service runs along Fairfax, Beverly, Third and Wilshire. The nearest rail is on the Wilshire corridor to the south. For an owner that means the tenant pool here is drawn by walkability within the neighborhood itself — to Fairfax Avenue, to the Farmers Market, to the synagogues and schools — rather than by a commute, which is a more durable draw than a station but a narrower one.
LAUSD. Multiple Orthodox Jewish yeshivas and day schools serve the resident community.
Fairfax High School, founded in 1924, is the district's LAUSD secondary school. A number of yeshivas and Jewish day schools operate throughout the neighborhood, and for a significant share of the tenant base the ability to walk to a synagogue and a school is not a preference but a requirement — which makes location within the district unusually sticky and turnover lower than the per-door figures alone would suggest.
The Grove, Farmers Market, CBS Television City, Pan Pacific Park, Sunset Strip (adjacent).
Pan Pacific Park, Poinsettia Recreation Center, the Original Farmers Market complex, La Brea Tar Pits (adjacent).
| Park | What is there |
|---|---|
| Pan Pacific Park | The district's main public open space, and the site of the Los Angeles Museum of the Holocaust. |
Canter's Deli (historic Jewish delicatessen, open since 1931). Fairfax Avenue's restaurant mix spans decades — longstanding Jewish establishments alongside newer independents. Melrose Avenue dining. The Grove and Farmers Market concentrate retail-and-dining.
| Institution | Since | Detail |
|---|---|---|
| Los Angeles Museum of the Holocaust | Located within Pan Pacific Park, and part of why this district remains a civic center of Jewish Los Angeles. | |
| Raoul Wallenberg Square | The intersection of Fairfax Avenue and Beverly Boulevard, named for the Swedish diplomat and Holocaust rescuer. |
The Farmers Market has operated since 1934 and remains one of LA's defining open-air markets. Television City and the Grove programming.
The Fairfax neighborhood has been the center of LA's Jewish community for generations. CBS Television City (1952) anchored the neighborhood's role in American television production for over half a century.
Developed 1920s-40s. The Orthodox Jewish community concentrated here starting in the 1950s. The Grove opened in 2002, reshaping retail economics.
| Year | What happened |
|---|---|
| 1924 | Fairfax High School is founded. Its original Spanish Colonial Revival buildings are demolished in 1966 on seismic-safety grounds — an early instance of the earthquake-retrofit question that still governs older buildings here. |
| 1930s | The Farmers Market opens at Third and Fairfax as open-air vegetable stalls and cafes. |
| 1935 | Four synagogues are operating in the district as the center of Jewish Los Angeles shifts here from Boyle Heights. |
| 1945 | That number has reached twelve, and post-war expansion brings religious schools and community centers with it. |
| 1952 | CBS Television City is built on the former Gilmore Stadium site at Fairfax Avenue and Beverly Boulevard. The Price Is Right has filmed in its Studio 33 continuously since 1972. |
| 2002 | The Grove opens next to the Farmers Market. |
| 2019 | The Beverly-Fairfax Historic District is designated, and listed on the National Register of Historic Places. Its subject is the neighborhood's 1920s apartment buildings. |
Every figure below is computed from the Sterman Multifamily Group’s own closed record in Fairfax — not from a market report. Price per door falls as buildings get bigger, which is why this is banded by size rather than given as one number: comparing a six-unit building to a forty-unit building on price per unit compares two different products. Across all 5 closings the median is $425,000 per unit.
| Building size | Closings | Median per unit | Range per unit |
|---|---|---|---|
| 4–10 units | 4 | $606,671 | $380,000 – $812,500 |
| 11–25 units | 1 | $253,846 (one sale, not a median) | — |
The largest closing in the Fairfax record is 925 South Sherbourne Avenue at $3,300,000 (13 units); the smallest is 630 N Genesee at $1,700,000 (4 units). The record here runs from 2013 to 2022, and the busiest single year was 2022 with 2 closings.
How these figures are calculated, and what we do not claim →
These are the 26 Los Angeles submarkets where the group has closed the most buildings, on our own record rather than a published index. The spread is the reason a citywide per-unit figure is close to useless for pricing a specific building.
| Submarket | Buildings | Units | Median per unit | Size range |
|---|---|---|---|---|
| Hollywood | 24 | 562 | $282,589 | 3–75 |
| Koreatown | 21 | 465 | $158,958 | 4–96 |
| West Hollywood | 21 | 206 | $354,286 | 2–22 |
| Sherman Oaks | 17 | 349 | $237,708 | 6–47 |
| Palms | 13 | 337 | $296,875 | 7–118 |
| Glendale | 12 | 224 | $258,854 | 5–92 |
| Van Nuys | 12 | 380 | $171,801 | 4–68 |
| North Hollywood | 11 | 191 | $271,429 | 5–46 |
| Santa Monica | 8 | 100 | $616,667 | 3–27 |
| Reseda | 8 | 506 | $156,639 | 10–138 |
| West Los Angeles | 6 | 62 | $575,000 | 7–16 |
| Hancock Park | 6 | 129 | $230,519 | 7–35 |
| Los Feliz | 5 | 123 | $225,000 | 6–48 |
| Panorama City | 5 | 178 | $135,849 | 22–53 |
| Fairfax | 5 | 31 | $425,000 | 3–13 |
| Burbank | 4 | 47 | $298,917 | 10–15 |
| Toluca Lake | 4 | 84 | $337,625 | 5–40 |
| Mid-City | 4 | 26 | $256,458 | 6–8 |
| Valley Village | 4 | 81 | $263,472 | 9–34 |
| Pacoima | 4 | 282 | $153,691 | 52–100 |
| Silverlake | 3 | 38 | $243,333 | 10–16 |
| Venice | 3 | 30 | $425,000 | 3–17 |
| Mar Vista | 3 | 21 | $354,167 | 5–10 |
| Studio City | 3 | 51 | $322,857 | 5–39 |
| Tarzana | 3 | 266 | $229,661 | 30–118 |
| Winnetka | 3 | 90 | $250,000 | 12–52 |
The place facts on this page — founding dates, acreages, opening years, boundaries — were checked against these sources on 2026-09-09. The closing figures are computed from the group’s own transaction archive. Where two sources disagreed on a number, the claim is stated only to the level both support.
The Beverly-Fairfax district runs 3.2 square miles, bounded by Willoughby Avenue on the north, Wilshire Boulevard on the south, La Brea Avenue on the east and La Cienega Boulevard on the west. The Los Angeles Times Mapping L.A. project draws a much tighter version — 1.23 square miles, east of Fairfax Avenue.
A City of Los Angeles neighborhood, not a separate city — LA City rules, LA City taxes, LA City enforcement, and Los Angeles rent stabilization on any building whose certificate of occupancy predates 1 October 1978. Almost all of the apartment stock here does.
This is one of the few submarkets in this record where the historic designation is about the apartment buildings themselves rather than the houses. The stock is 1920s and 1930s low-rise multifamily — courtyard buildings, Spanish Colonial and period walk-ups, built at a density that would not be permitted today — infilled later with postwar boxes. The 1966 demolition of Fairfax High's original buildings on seismic grounds is a useful marker: unreinforced masonry and soft-story construction from this era is exactly what Los Angeles has since required owners to retrofit, and the retrofit status of a pre-war building here is a diligence item rather than a footnote.
The Beverly-Fairfax Historic District was designated in 2019 and is listed on the National Register of Historic Places, and unusually for this record its subject is the district's 1920s apartment buildings rather than its single-family houses. For an owner that is the most consequential fact on this page: designation constrains what can be done to a building's exterior, and it applies to exactly the product that trades here.
Across the 5 Fairfax buildings in the Sterman Multifamily Group’s own closed record, the median is $425,000 per unit, on buildings ranging from 3 to 13 units. Price per door falls as buildings get larger, so the figure for a specific building depends on its size, vintage and in-place rents.
Fairfax and Beverly Grove have specific demographic demand patterns — the Orthodox Jewish community's housing needs (multi-generational, kosher proximity, community continuity) are real investment variables that standard underwriting models don't capture.
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