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For sale
  • Price cut: $150K (6/1)
    $1,750,000

    1524 S Fairfax Ave, Los Angeles, CA 90019

    3beds
    1,479sqft
    : 
    Residential, Single Family Residence
    Built in 1925
    6,886.84 Square Feet Lot
    $1,731,200 Zestimate®
    $1,183/sqft
    $-- HOA

    What's special

    Large lotNewly constructed backyardNew bathroomsNew kitchen
    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
    87 days
    on Zillow
    |
    230
    |
    10
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 01, 2025 at 08:46am

    Listed by:

    Doron Baruch DRE # 01902157 310-628-5788,

    Christie's International Real Estate SoCal 424-249-7162,

    Tomer Fridman DRE # 01750717 310-919-1038,

    Christie's International Real Estate SoCal

    Source: CLAW,MLS#: 25541897MLS Logo
    Travel times

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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Breakfast
    Bedroom
    • Level: Lower
    Bathroom
    • Features: Tile, Powder Room
    Heating
    • Floor Furnace
    Cooling
    • None
    Appliances
    • Included: Gas Cooktop, Washer, Dryer, Refrigerator, Range/Oven, Vented Exhaust Fan
    • Laundry: In Kitchen
    Features
    • Breakfast Area, Dining Area
    • Flooring: Hardwood
    • Has fireplace: Yes
    • Fireplace features: Den
    Interior area
    • Total structure area: 1,479
    • Total interior livable area: 1,479 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: None
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 6,886.84 Square Feet
    • Dimensions: 55 x 125
    Details
    • Additional structures: Cabana
    • Parcel number: 5068023020
    • Zoning: LAR3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Craftsman
    • Property subtype: Residential, Single Family Residence
    Condition
    • Year built: 1925

    Community & HOA

    Community
    • Security: Automatic Gate
    HOA
    • Has HOA: No
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $1,183/sqft
    • Tax assessed value: $1,024,040
    • Annual tax amount: $12,679
    • Date on market: 5/21/2025
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