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+16263946606
iQsold inc
1524 S Fairfax Ave, Los Angeles, CA 90019
- $1,499,000
- 3
- BD
- 2
- BA
- 1,479
- SqFt
- List Price
- $1,499,000
- Price Change
- ▼ $51,000 1790199918
- MLS#
- 26838521
- Year Built
- 1925
- Bedrooms
- 3
- Bathrooms
- 2
- Living Sq. Ft
- 1,479
- Lot Size
- 6,888
- Days on Market
- 136
- Property Type
- Single Family Residential
- Style
- Craftsman
- Stories
- 1
Property Description
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 sqft 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
Additional Information
- Other Buildings
- Cabana
- Bedroom Features
- All Bedrooms Down
- Pool Description
- None
- Heat
- Floor, Floor Furnace
- Cooling
- None
- View
- None
- Number of Cars in Garage
- None
- Garage Spaces Total
- 2
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Courtesy of Christie's International Real Estate SoCal, Doron Baruch - CA DRE#01902157
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