1524 S Fairfax Ave

Los Angeles CA 90019

1479 sq. ft.

6888 sq. ft.

Single-Family

Currently for sale - view listing

Overview

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

Features

3 bedrooms

2 bathrooms

2 carspaces

2 garage spaces

1479 sq. ft. floor area

6888 sq. ft. lot size

Single-Family

Property history for 1524 S Fairfax Ave

2017

Rented

Undisclosed

17 May 2017 by Sotheby's International Realty

2017

Sold

$900,000

10 Jan 2017 by Rachel Hsieh, of Keller Williams Realty Los Feliz

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