1524 S Fairfax Avenue, Los Angeles, CA 90019

• 3 beds |
• 2 baths |
• 1,479 sqft

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

Listing Status:

Active

Date Added:

May 26, 2026

Data Last Updated:

May 31, 2026 at 8:06PM

Listing Office:

Christie's International Real Estate SoCal : 424-249-7162

Listing Agent:

Doron Baruch : 310-628-5788

MLS ID:

CL26838521

Interior

• Appliances: Gas RangeRefrigerator
• Laundry: DryerWasherIn Kitchen
• Flooring: Wood
• A/C: None
• Heating: Floor Furnace
• Fireplace: DenFireplace

Exterior

• Style: Craftsman
• Pool: None
• Parking: Parking spaces: 2

Construction

• General: 1

Location

• County: Los Angeles

Lot

• Zoning: LAR35068023020
• View: None