Los Angeles, CA 90019,1562 S Fairfax Ave
Los Angeles, CA 90019,1562 S Fairfax Ave
Los Angeles, CA 90019,1562 S Fairfax Ave
Los Angeles, CA 90019,1562 S Fairfax Ave
Los Angeles, CA 90019,1562 S Fairfax Ave
Los Angeles, CA 90019,1562 S Fairfax Ave
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$ 1,695,000
Est. payment | /mo

6,888 Sqft Lot


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$ 1,695,000
Est. payment | /mo
Save

6,888 Sqft Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25562269

Lot Size 6,888 Sqft

Acres 0.1581

Property Description

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 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.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LAR3

Exterior

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Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Keller Williams Beverly Hills
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1562 S Fairfax Ave