$1,750,000

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1524 S Fairfax Ave Los Angeles, CA, United States 90019

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

Amenities

  • Bedrooms: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Property Type: Residential
  • Architectural Style: Craftsman
  • Year Built: 1925
  • Built in 1925
  • Home size: 1,479 ft2 / 137.40 m2
  • MLS: 25541897
  • Status: Active
Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property brokered by

Christie's International Real Estate | Southern California

(310) 893-8300

Get more listing details on brokerage site

Presented by Doron Baruch

  • (424) 249-7162 (Office Phone)

Contact Doron Baruch

Contact Agent

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