1524 S Fairfax Ave - Specialty FOR SALE


Los Angeles, CA 90019- Mid-City
$1,550,000 USD
310-650-7545
1524 S Fairfax Ave, Los Angeles, CA for Sale
$1,550,000 USD
Specialty - FOR SALE
1/9
null | Request Cap Rate

1524 S Fairfax Ave
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • Excellent Location on Fairfax Avenue
  • Centrally Located in the City
  • Approved Plans in Place
  • Currently Occupied & Cash Flowing
  • Tremendous Development Opportunity

OVERVIEW

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 $5,000/ month with tenant in place until January 2027

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$1,048 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1524 S Fairfax [16-20 Unit Development Site]

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,985 SF

ZONING

LAR3

APN/PARCEL ID

5068-023-020

ASK ABOUT THIS PROPERTY

Ryan GurmanCBREMore Info
310-650-7545

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Ryan GurmanCBREMore Info
310-650-7545

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.