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1524 S Fairfax Avenue
Active
Single Family Residence
Single Family Residence
1524 S Fairfax Avenue 
$1,550,000
Offered at
Los Angeles, CA 90019
Los Angeles County
3
Beds
2
Baths
1,479
Sq Ft
6,887
Lot Sq Ft
1925
Year Built
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…
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
Facts & Features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Cooling
- Has cooling: No
Appliances
- Included: Gas Cooktop, Refrigerator, Vented Exhaust Fan, Dryer, Washer
- Laundry: In Kitchen
Features
- Flooring: Wood
- Has fireplace: Yes
- Fireplace features: Den
Interior area
- Total structure area: 1,479 sqft
- Total interior livable area: 1,479 sqft
Property
Parking
- Total spaces: 2
- Garage spaces: 2
Features
- Stories: 1
- Has private pool: No
- Has view: No
Lot
- Size: 0.16 Acres
Details
- Parcel number: 5068023020
- Zoning: LAR3
Construction
Type & style
- Home type: Residential
- Architectural style: Craftsman
- Property subtype: Single Family Residence
Condition
- Year built: 1925
Location
Mike Zwarg
Broker / Owner
951.528.0626
mike@mzhomes.us
mike@mzhomes.us
Listing Office: Christie's International Real Estate SoCal · Listing Agent: Doron Baruch · CRMLS
The property listing information on this website comes in part from the California Regional Multiple Listing Service (CRMLS) via Internet Data Exchange (IDX). Information is deemed reliable but is not guaranteed accurate by the MLS, and all properties are subject to prior sale, change, or withdrawal. This data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than identifying properties consumers may be interested in purchasing. Buyers should independently verify all information, including square footage, lot size, schools, and property condition.
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1524 S Fairfax Avenue, Los Angeles, CA 90019
951.528.0626
mike@mzhomes.us
mzhomes.us
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