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
For sale
Price cut: $150K (6/1)
$1,750,000
1524 S Fairfax Ave, Los Angeles, CA 90019
3beds
1,479sqft
Est.:
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
- 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#: 25541897

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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