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1524 Fairfax Avenue S Los Angeles CA 90019
Price $ 1,550,000
Listing ID 26838521
Status Active
Property Type Single Family Residence
County Los Angeles
Beds 3
Baths 1 Full  1 Half
House Size 1479
Year Built 1925
Days on website 23
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
MLS Area Major: C16 - Mid Los Angeles
City: Los Angeles
Senior Community YN: false
Listed By:   Doron Baruch   Christie's International Real Estate SoCal 
Co-listed by
Tomer Fridman  
CA Lic#
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