$1,599,000

1562 S Fairfax Avenue, Los Angeles, CA 90019

6,888 sqft

Land
Built in ——
6,970sqft lot
—— car garage
$232/sqft
Listed 4 months ago

Property Description

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.

Listing Status:: Active
Date Added:: July 9, 2025 at 05:00AM
Listing Office:: Keller Williams Beverly Hills : 310-432-6400
Listing Agent:: Daniel Shamooelian : 310-651-1800
MLS ID:: CL25562269

County: Los Angeles

Zoning: LAR35068023013
View: None

This listing courtesy of Daniel Shamooelian, Keller Williams Beverly Hills

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Crescent Heights Blvd School

1661 S Crescent Heights Blvd, Los Angeles, CA, 90035

Grades KG-5

0.39 miles away

Los Angeles Center for Enriched Studies

5931 W 18th St, Los Angeles, CA, 90035

Grades 6-12

0.35 miles away

Los Angeles Center for Enriched Studies

5931 W 18th St, Los Angeles, CA, 90035

Grades 6-12

0.35 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.