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1524 S Fairfax Avenue Los Angeles, CA 90019
$1,750,000 3 beds, 2 baths
1, 479 sqft
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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 Details

Property type: Single Family Residence (Single Family)
Status: Active
MLS# 25541897
List price is $1,750,000 Reduced by $150,000 on 6/1/2025
Beds: 3
Baths: 2 (1 full) (1 half)
Den fireplaces
Built in 1925
1,479 sqft
1 story
0.16 acres
Lot size: 0.1581
County: Los Angeles
Property style: Craftsman
Zoning: LAR3
Interior features: Separate/Formal Dining Room
Appliances: Gas Cooktop,Refrigerator,Vented Exhaust Fan,Dryer,Washer
Parking description: None
Heating/cooling: None
Heating description: Floor Furnace
MLS area: C16 - Mid Los Angeles
Furnished: Unfurnished

Last Updated: 6/1/2025

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This listing belongs to the C16 - Mid Los Angeles MLS area

The style of this listing is Craftsman.
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Lat/Long: 34.048861, -118.366894.
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Listing Agent: Doron Baruch
Co Listing Agent: Tomer Fridman
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.

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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