1524 S Fairfax Avenue
Los Angeles, CA, 90019
$1,750,000
3 Beds
2 Baths
1,479 SqFt
0.16 Acres
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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 sq feet 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 $4,800/ month with tenant in place month to month
LISTING AGENT: Doron Baruch
LISTING BROKERAGE: Christie’s International Real Estate SoCal
1524 S Fairfax Avenue
Los Angeles, CA

Property Details

Price:
$1,750,000
MLS #:
25541897
Status:
Active
Beds:
3
Baths:
2
Address:
1524 S Fairfax Avenue
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
May 21, 2025
State:
CA
Finished Sq Ft:
1,479
ZIP:
90019
Lot Size:
6,888 sqft / 0.16 acres (approx)
Year Built:
1925
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Schools

Interior

Appliances
Refrigerator, Vented Exhaust Fan, Gas Cooktop
Cooling
None
Fireplace Features
Den
Flooring
Wood
Heating
Floor Furnace

Exterior

Garage Spaces
2.00
Parking Features
None
Parking Spots
2.00
Pool Features
None
Security Features
Automatic Gate
Spa Features
None
Stories Total
1
View
None

Financial

Map

Community

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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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