1524 S Fairfax Avenue,Los Angeles, CA 90019
Los Angeles, CA 90019
Description
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
Details
| MLS # | 26838521 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 159 |
| Listing Provided By | The Beverly Hills Estates | Doron Baruch |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,479 |
| Garage | 2 |
| Story(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.16 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Heating | Floor Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Separate Formal Dining Room |
| Furnished | Unfurnished |
| Appliances | Gas Cooktop, Refrigerator, Vented Exhaust Fan, Dryer, Washer |
| Fireplace Yes / No | Yes |
Exterior
| Security Features | Security Gate |
|---|
Parking
| Parking Features | None |
|---|---|
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90019) | |
Price: $1,499,000 low | high Med: $925,000 sqft: 1,479 low | high Med: 1,502 $ / sqft: $1,014 low | high Med: $654 On site: 159 low | high Med: 60.5 | |
Market Activity 90019
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90019) | |
Price: $1,499,000 low | high Med: $925,000 sqft: 1,479 low | high Med: 1,502 $ / sqft: $1,014 low | high Med: $654 On site: 159 low | high Med: 60.5 | |
 | $1,450,0001657 S FairfaxLos Angeles, CA 90019 |
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