1524 S Fairfax Ave (Off Market)

For Sale, USD 1,900,000


Property Type : Single Family Home

Property Style : N/A

Build Size : 1,479 ft² / 137 m²

Land Size : N/A

Bedroom : 3

Bathroom : 1

Half Bathroom : 1

MLS#: 25541897


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
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1524 S Fairfax Ave, United States,California,Los Angeles is a 1,479ft² Los Angeles luxury Single Family Home listed for sale USD 1,900,000. This high end Los Angeles Single Family Home is comprised of 3 bedrooms and 1 baths. Find more luxury properties in Los Angeles or search for luxury properties for sale in Los Angeles.