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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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1433 S Fairfax Avenue Los Angeles, CA 90019
$1,700,000 6 beds, 5 baths
4, 008 sqft
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Rare 4-unit apartment building in a prime Los Angeles neighborhood, now offered at $424 per square footsignificantly below current condo and single-family home pricing. Recent market data shows Los Angeles condos trading around $688$723 per square foot and single-family homes near $791 per square foot, making this multifamily opportunity an exceptional value for owner-occupants and investors alike. The property features two 1-bedroom and two 2-bedroom units, ideal for house-hacking or generating rental income while living in one unit. With realistic pricing and strong cash-flow potential, this building presents a financially smarter alternative to purchasing a condo or small single-family home in today's market. Seller confirms the property is approved for an 800-square-foot accessory dwelling unit (ADU) to be constructed over the existing garages. Under California state law and current Los Angeles ADU regulations, detached or garage-top ADUs up to 800 square feet are permitted regardless of lot coverage or floor-area ratio limits, providing significant added value and flexibility. The ADU approval opens multiple strategic options: create a third income stream, accommodate extended family, or enhance overall property valuation. Construction costs for garage-top or detached ADUs in Los Angeles typically range from $225,000 to $350,000 for a 700800 square-foot unit, offering strong return potential in a high-demand rental market. Located in a desirable Los Angeles neighborhood, the property offers convenient access to local amenities including neighborhood shops, restaurants, cafes, and parks. Residents enjoy walkable streets, tree-lined blocks, and proximity to major employment centers, entertainment, and cultural attractions. The area is well-served by public transportation, major freeways, and top-rated schools, making it attractive to a wide range of tenants and future buyers. This is a turnkey investment with immediate income, owner-occupancy potential, and significant upside through ADU development. Whether you're a first-time buyer seeking an affordable entry into Los Angeles real estate, an investor looking to expand your portfolio, or a homeowner seeking to offset your mortgage with rental income, this 4-unit building delivers unmatched versatility and value. Do not miss this opportunity to own a multifamily asset priced well below comparable condos and homes.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26986111
List price is $1,700,000
Beds: 6
Baths: 5
Built in 1941
4,008 sqft
1 story
0.16 acres
Lot size: 0.1636
County: Los Angeles
Zoning: LAR3
Parking description: Detached Carport
Heating/cooling: None
MLS area: C09 - Beverlywood Vicinity

Last Updated: 9/17/2026

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This listing belongs to the C09 - Beverlywood Vicinity MLS area

Lat/Long: 34.050487, -118.367073.
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Listing Agent: Wes Wellman
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

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