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Listed price in listed location currency (USD).
$1,550,000

322

MLS® 26838521

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1479 sqft
Garage Yes
Taxes 
Days Active 0
Lot Size 
Approx. Age 1925
Avg. Price Per Sqft $1,048
MLS® Number 26838521

Property Address: 1524 S Fairfax Ave, Los Angeles, CA, 90019-4911

Average square foot calculated using Size range provided by listing agent.

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 sqft 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 $5, 000/ month with tenant in place until January 2027
MLS® Number26838521
Laundry Level
Central VacNo
FireplaceYes
Acreage
Exterior
GarageYes
Approx. Age1925
Basement
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 26, 2026List Date
$1,550,000List Price

Home Appraisal

This property is estimated to sell between: $1,496,000 and $1,577,000.
Similar properties in this area sold on average for: $1,496,618
Expect to pay under asking. 63% of similar properties sold for less than the asking price.
Expected to sell in 42 days. Similar properties sold in 42 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
1524 S Fairfax Ave, Los Angeles, CA

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