1524 S Fairfax Avenue, Los Angeles, CA 90019
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1524 S Fairfax Avenue,Los Angeles, CA 90019
$1,550,000
- 3 Beds
- 2 Baths
- 1,479 sq. ft.
- Single family
- Active
Listed by: doron baruch, tomer fridman
Office: christie's international real estate socal424-249-7162
MLS#:26838521
Source:CRMLS
Price summary
- Price:$1,550,000
- Price per sq. ft.:$1,048.01
About this home
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...
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Home facts
- Year built:1925
- Listing ID #:26838521
- Added:9 day(s) ago
- Updated:June 05, 2026 at 10:25 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Flooring:Wood
- Kitchen Description:Gas Cooktop, Refrigerator, Vented Exhaust Fan
- Living area:1,479 sq. ft.
Heating and cooling
- Heating:Floor Furnace
Structure and exterior
- Year built:1925
- Building area:1,479 sq. ft.
- Lot area:0.16 Acres
- Architectural Style:Craftsman
- Levels:1 Story
Finances and disclosures
- Price:$1,550,000
- Price per sq. ft.:$1,048.01
Features and amenities
- Appliances:Dryer, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:2
- Garage:Yes
- Garage spaces:2
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