1562 S Fairfax Avenue, Los Angeles, CA 90019

Local realty services provided by:ERA North Orange County Real Estate
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:84 day(s) ago
  • Updated:September 27, 2025 at 01:27 AM

Structure and exterior

  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$1,599,000
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