1524 S Fairfax Avenue, Los Angeles, CA 90019 - Berkshire Hathaway HomeServices California Properties
1524 S Fairfax Avenue Los Angeles, CA 90019
$1,750,000 3 beds, 2 baths
1, 479 sqft

Agent Remarks

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

 Find more Los Angeles homes and real estate

 Find more homes in 90019 zip code

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

The style of this listing is Craftsman.
Find more Craftsman style homes for sale

Lat/Long: 34.048861, -118.366894.
Find nearby listings


Listing Agent: Doron Baruch
Co Listing Agent: Tomer Fridman
Lic#: 01234982
Office Name: Mission Viejo

Area Map

Nearby Schools

No schools were found in the area