1562 S Fairfax Avenue, Los Angeles, CA 90019

Local realty services provided by:ERA Excel Realty
1562 S Fairfax Avenue,Los Angeles, CA 90019
$1,599,000
  • 0.16 Acres
  • Lots / Land
  • Active
Listed by: daniel shamooelian
Office: keller williams beverly hills
MLS#:25562269
Source:CRMLS

Price summary

  • Price:$1,599,000

About this home

MAJOR PRICE DROP! Don't miss this rare opportunity to build a 20-unit multifamily project "Near RTI" in the highly sought-after Picfair Village neighborhood! Currently vacant land, you'll save approximately $70,000 in demolition costs with no tenant relocation required! This offering includes completed Architectural Plans, Structural Plans, Survey, Soils Report, and Landscape Plan, saving you both time and money in pre-construction. The approved design features a 5-story apartment building with one level of subterranean parking, perfectly suited for the area's strong rental demand. Subject property is zoned (Q)R3-1, TOC Tier 3, with a lot size of 6,886 sqft (55 by 125 ft). Also an excellent candidate for an ED-1 100% fully affordable project! Enjoy a central location just moments from local dining, shopping, and public transportation, ideal for future tenants seeking convenience and lifestyle. Minutes from the Grove, LACMA, the 10-Freeway, and more. Offered As-Is. Contact listing

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Home facts

  • Listing ID #:25562269
  • Added:164 day(s) ago
  • Updated:December 19, 2025 at 02:14 PM

Structure and exterior

  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$1,599,000
Based on information from California Regional Multiple Listing Service, Inc. as of December 22, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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