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:Bay East, CCAR, 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:230 day(s) ago
  • Updated:February 25, 2026 at 08:56 PM

Structure and exterior

  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$1,495,000
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at February 25, 2026

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