1562 S Fairfax Avenue, Los Angeles, CA 90019

Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1562 S Fairfax Avenue,Los Angeles, CA 90019
$1,495,000
  • 0.16 Acres
  • Lots / Land
  • Active
Listed by: daniel shamooelian
Office: keller williams beverly hills
MLS#:CL25562269
Source:CA_BRIDGEMLS

Price summary

  • Price:$1,495,000

About this home

NEW YEAR, NEW PRICE! Don't miss this rare opportunity to build a 20-unit multifamily project "Near RTI" in the highly sought-after Picfair Village neighborhood! Currently vacant land, you'll save approximately $50,000 in demolition costs with no tenant relocation required! Subject property has been vacant land for 5 years so will be clear SB 8!! This offering includes completed Architectural Plans, Structural Plans, Survey, Soils Report, and Landscape Plan, saving you both time and money in pre-construction. The approved design features a 5-story apartment building with one level of subterranean parking, perfectly suited for the area's strong rental demand. Subject property is zoned (Q)R3-1, TOC Tier 3, with a lot size of 6,886 sqft (55 by 125 ft). Also an excellent candidate for an ED-1 100% fully affordable project! Enjoy a central location just moments from local dining, shopping, and public transportation, ideal for future tenants seeking convenience and lifestyle. Minutes from

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Home facts

  • Listing ID #:CL25562269
  • Added:182 day(s) ago
  • Updated:January 09, 2026 at 03:45 PM

Structure and exterior

  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$1,495,000

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