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
Property Details
Price:
$1,750,000
MLS #:
25541897
Status:
Active
Beds:
3
Baths:
2
Address:
1524 S Fairfax Avenue
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
May 21, 2025
State:
CA
Finished Sq Ft:
1,479
ZIP:
90019
Lot Size:
6,888 sqft / 0.16 acres (approx)
Year Built:
1925
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Schools
Interior
Appliances
Refrigerator, Vented Exhaust Fan, Gas Cooktop
Bathrooms
1 Full Bathroom, 1 Half Bathroom
Cooling
None
Flooring
Wood
Heating
Floor Furnace
Laundry Features
Washer Included, Dryer Included, In Kitchen
Exterior
Architectural Style
Craftsman
Parking Features
None
Parking Spots
2.00
Security Features
Automatic Gate
Financial
Map
Community
- Address1524 S Fairfax Avenue Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
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1524 S Fairfax Avenue
Los Angeles, CA
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