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
$1,599,000
- 0.16 Acres
- Lots / Land
- Active
Listed by: daniel shamooelian
Office: keller williams beverly hills
MLS#:CL25562269
Source:CA_BRIDGEMLS
Price summary
- Price:$1,599,000
About this home
MAJOR PRICE DROP! 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 $70,000 in demolition costs with no tenant relocation required! 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 the Grove, LACMA, the 10-Freeway, and more. Offered As-Is. Contact listing agent for more details or full set of plans. Seller makes no warranties or representations regarding the existing plans.
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Home facts
- Listing ID #:CL25562269
- Added:135 day(s) ago
- Updated:November 21, 2025 at 04:55 PM
Structure and exterior
- Lot area:0.16 Acres
Finances and disclosures
- Price:$1,599,000
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