1524 S Fairfax Avenue
Los Angeles, CA 90019
Map
- 3 beds
- 2 baths
- 1,479 sqft
- 6,888 sqft lot
- $1,183 per sqft
- 1925 build
- – on site
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
Last checked:
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Last updated Jun 1, 2025
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MLS# 25541897 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1925
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New Construction:No
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Architectural Style:Craftsman
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Stories Total:1
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Common Walls:No Common Walls
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Faces:West
Interior
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Levels:One
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Eating Area:Dining Room
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Flooring:Wood
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Fireplace:Yes
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Fireplace:Den
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Laundry:Washer Included, Dryer Included, In Kitchen
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Laundry:1
Room Dimensions
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Living Area:1479.00
Location
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Directions:south of Pico north of venice
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Latitude:34.04886100
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Longitude:-118.36689400
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Zoning:LAR3
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Lot Size Area:6888.0000
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Lot Size Dimensions:55x125
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Lot Size Acres:0.1581
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Lot Size SqFt:6888.00
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View:None
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Security Features:Automatic Gate
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Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Total Bedrooms:3
Baths
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Total Baths:2
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Bathroom Features:Tile Counters
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Full & Three Quarter Baths:1
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Full Baths:1
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Half Baths:1
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5068023020
Heating & Cooling
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Heating:1
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Heating:Floor Furnace
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Cooling:No
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Cooling:None
Appliances
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Appliances:Refrigerator, Vented Exhaust Fan, Gas Cooktop
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Included:Yes
The Community
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
Parking
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Parking:No
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Parking:None
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Parking Spaces:2.00
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Garage Spaces:2.00
Monthly cost estimate
Asking price
$1,750,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$9,370
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| Taxes | N/A |
| Insurance | $481 |
| Utilities | $145 See report |
| Total | $9,996/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/1/25
Jun 1, 2025
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Price Changed | CRMLS_CA | $1,750,000 | -7.9% |
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5/21/25
May 21, 2025
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Listed / Active | CRMLS_CA | $1,900,000 | 111.1% (13.3% / YR) |
|
1/10/17
Jan 10, 2017
|
CRMLS_CA | $900,000 |
