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1524 S Fairfax Avenue, Los Angeles, CA 90019
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$1,750,000
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Home Details for 1524 S Fairfax Avenue
Price
$1,750,000
Type
Single Family
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
1
Half Bathrooms
1
Year Build
1925
Sq. Ft.
1479
Lot Size
0.1581
County
Los Angeles
Garage
2
MLS®️ Listing#
25541897
On exitrealty.com
182 days
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 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
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- Cooling Information
- None
- Heating Information
- Floor Furnace
- Parking
- None
- Fire Place
- Den
Listing Courtesy: Christie's International Real Estate SoCal - 424-249-7162. Presented by: Doron Baruch and Tomer Fridman
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-10-10 16:40:35 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Market statistics compiled from data from California Regional MLS.
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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA DRE# 01516899. Lorenzo Castillo Broker.
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$1,750,000
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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA DRE# 01516899. Lorenzo Castillo Broker.