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$1,550,000
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1524 S Fairfax Avenue Overview
- Time on Site:
- 33 days
- Visits:
- 0
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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1524 S Fairfax Avenue Facts & Features
- Type Single Family
- Sq. ft. 1,479
- Price/Sq.ft. $1,048
- Lot 0.16 Acres
Details
General
Building Information
- Year Built: 1925
Location/Region
- Country: US
- County Or Parish: Los Angeles
General Information
- Parcel Number: 5068023020
- Property Sub Type: Single Family Residence
- Property Type: Residential
- Zoning: LAR3
Interior
Parking Information
- Garage Spaces: 2
- Garage: false
Beds/Baths
- Bathrooms Full: 1
- Bathrooms Partial: 1
- Bathrooms Total: 2
- Bedrooms Total: 3
Building Interior
- Building Area Source: Assessor Agent-Fill
- Building Area Total: 1479
- Building Area Units: Square Feet
General Information
- Appliances: Gas Range,Refrigerator
- Fireplace Features: Den
- Fireplace: true
- Flooring: Wood
- Laundry Features: Dryer,Washer,In Kitchen
- Levels: One Story
- Living Area: 1479
- Living Area Units: Square Feet
- Stories: 1
Exterior
Parking Information
- Parking Features: None
- Parking Total: 2
Lot Information
- Lot Size Acres: 0.1581
- Lot Size Area: 0.1581
- Lot Size Square Feet: 6888
- Lot Size Units: Acres
Waterfront/View
Building Exterior/Construction
- Architectural Style: Craftsman
- Attached Garage: false
General Information
- Carport: false
- Covered Spaces: 2
- Pool Features: None
- Pool Private: false
1524 S Fairfax Avenue Neighborhood
Community
90019 (LOS ANGELES) Demographics
38
Median Age
16,139
Population Density (per sq. mile)
42%
College Educated
$58,313
Estimated Median Income
6,441
Estimated Total Home Owners
17,811
Estimated Total Renters
27% / 73%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1524 S Fairfax Avenue Monthly Cost
1524 S Fairfax Avenue Market Data
Based on the last 30 days in this zip code
$1,396,445
Average List Price
$667
Average Price per Square Foot
12
Properties Sold
72
Average Days on Market
324
Properties for Sale
1524 S Fairfax Avenue History
| Date | Value | Agent |
|---|---|---|
| 5/27/2026Source: bridgeMLS | May 27, 2026 |
|
| 5/26/2026Source: CRMLS | May 26, 2026 |
Listing provided courtesy of Christie's International Real Estate SoCal- MLS# CL26838521