Listing Agent: Doron Baruch      Broker/Office: Christie's International Real Estate SoCal
1524 Fairfax Avenue S Los Angeles CA 90019
$ 1,550,000
  3   |    1 Full  1 Half   |    1479 Sq Feet

Listing ID

#26838521

Status

Active

Property Type

Single Family Residence

Property Style

Craftsman

County

Los Angeles

Year Built

1925

Days on website

10

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
Location
Financial Information
List Price:  $ 1550000
Property Features
Appliances:  Dryer, Refrigerator, Washer
Direction Faces:  West
Fireplace Features:  Den
Flooring:  Wood
Furnished:  Unfurnished
Levels:  One
Senior Community YN:  false
Senior Community YN:  false
MLS Area Major:  C16 - Mid Los Angeles
City:  Los Angeles
Listed By:   Doron Baruch   Christie's International Real Estate SoCal 
Co-listed by
Tomer Fridman  
CA Lic#