1524 S Fairfax Avenue
Los Angeles, CA 90019
- Bedrooms
- 3
- Bathrooms
- 1.5
- Interior
- 1,479 sq ft
- Year Built
- 1925
About this residence
DEVELOPMENT DEAL. Prime Development Opportunity R3 Lot with Partial RTIAn exceptional opportunity for developers and investors! This R3-zoned lot comes with a partially RTI (Ready-To-Issue) permit, having already passed Planning and currently awaiting approval from the Building and Safety Department. The proposed project is sited for a 20-unit build, consisting of 16 primary units plus 4 ADUs on the ground floor, maximizing the lot's development potential.Located in a high-demand area with strong rental upside, this property is ideal for those looking to capitalize on Los Angeles's growing need for multi-family housing, with much of the entitlement process already completed, this is a rare chance to step into a nearly shovel-ready development with significant upside.Don't miss this outstanding investment opportunity to build a high-yield asset in a desirable neighborhood. The home currently is a Single Family. Floors have been redone, home has been painted inside and out, new Kitchen, new bathrooms, has never been lived in. Large lot of almost 7k sqft with a newly constructed backyard. This beautiful home is move in ready. Location is ideal, min from Beverly Grove and a few blocks from Freeway. Easy to show and could be leased furnished as well. Already cash flowing at $5,000/ month with tenant in place until January 2027
Features & finishes
- SeparateFormalDiningRoom
Property details
- Status
- For Sale
- Property type
- Single-Family Home
- Price per sq ft
- $1,048/sq ft
- Days on market
- 8 days
- Year built
- 1925
- View
- None
- Parking
- 2 spaces
- Furnished
- No
- Waterfront
- No
- MLS number
- 26838521
Location & neighborhood
1524 S Fairfax Avenue, Los Angeles, CA 90019
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- Principal & interest$7,838
- Property taxes$2,351
- Insurance$646
- HOA / fees$0
Estimate only. Taxes, insurance and HOA are approximate.
Listing courtesy of Christie's International Real Estate SoCal · MLS 26838521. Information deemed reliable but not guaranteed; buyers should independently verify all details.
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