1524 S Fairfax Avenue, Los Angeles, CA 90019
- $1,550,000
- 3
- BD
- 2
- BA
- 1,479
- SqFt
- List Price
- $1,550,000
- Status
- ACTIVE
- MLS#
- 26838521
- Year Built
- 1925
- Bedrooms
- 3
- Bathrooms
- 2
- Living Sq. Ft
- 1,479
- Lot Size
- 6,888
- Acres
- 0.16
- Days on Market
- 68
- Property Type
- Single Family Residential
- Style
- Craftsman
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property 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
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Additional Information
- Appliances
- Gas Cooktop, Refrigerator, Vented Exhaust Fan, Dryer, Washer
- Pool Description
- None
- Fireplace Description
- Den
- Heat
- Floor Furnace
- Cooling Description
- None
- View
- None
- Garage Spaces Total
- 2
- Interior Features
- Separate/Formal Dining Room
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Doron Baruch (dbaruchrealty@gmail.com) from Listing Office: Christie's International Real Estate SoCal.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.