$1,750,000
3 Bed
2 Bath
1,479
0.16 Acre Lot

1524 S Fairfax Avenue, Los Angeles, California 90019

  • Residential Property Type
  • 1,479 Square Footage
  • None Cars Garage
  • 1925 Year Built
Property Description

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

Basic Details
Residential
For Sale
25541897
$1,750,000
None
3
2
1
1,479
1925
0.16 Acre
Active
1
Single Family Residence
Features
: None
: Floor Furnace
: None
: Den
: None
: Craftsman
: Wood
: Separate/Formal Dining Room
: In Kitchen
$0
Appliances
: Gas Cooktop, Dryer, Washer, Refrigerator, Vented Exhaust Fan
Address Map
CA
Los Angeles
Los Angeles
90019
Fairfax
1524
Avenue
West
south of Pico north of venice
C16 - Mid Los Angeles
S
LAR3
Additional Information
$0
$0
$0
$0
$0
1479
2.0
: One
55x125
2025-05-21
1900000
1
1
Broker/Agent Information
Christie's International Real Estate SoCal
Doron Baruch
Listing Information
Tomer Fridman
CLW-X87705
CLW-X83391
Christie's International Real Estate SoCal
CLW-C108518
CLW-X83391
Active
2025-06-01T23:06:33Z
CRMLS
: Standard
2025-05-21T00:00:00Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069