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
For sale
$1,550,000
1524 S Fairfax Ave, Los Angeles, CA 90019
3beds
1,479sqft
Residential, Single Family Residence
Built in 1925
6,886 Square Feet Lot
$1,536,100 Zestimate®
$1,048/sqft
$-- HOA
What's special
Newly constructed backyardNew bathroomsFloors have been redoneNew kitchen
- 81 days |
- 232 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Doron Baruch DRE # 01902157 310-628-5788,
Christie's International Real Estate SoCal 424-249-7162,
Tomer Fridman DRE # 01750717 310-919-1038,
Christie's International Real Estate SoCal
Source: CLAW,MLS#: 26838521
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: Breakfast
Bedroom
- Level: Lower
Bathroom
- Features: Tile, Powder Room
Heating
- Floor Furnace
Cooling
- None
Appliances
- Included: Gas Cooktop, Washer, Dryer, Refrigerator, Range/Oven, Vented Exhaust Fan
- Laundry: In Kitchen
Features
- Breakfast Area, Dining Area
- Flooring: Hardwood
- Has fireplace: Yes
- Fireplace features: Den
Interior area
- Total structure area: 1,479
- Total interior livable area: 1,479 sqft
Property
Parking
- Total spaces: 2
- Parking features: None
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 6,886 Square Feet
- Dimensions: 55 x 125
Details
- Additional structures: Cabana
- Parcel number: 5068023020
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subtype: Residential, Single Family Residence
Condition
- Year built: 1925
Community & HOA
Community
- Security: Automatic Gate
HOA
- Has HOA: No
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $1,048/sqft
- Tax assessed value: $1,044,520
- Annual tax amount: $12,802
- Date on market: 5/26/2026
Estimated market value
$1,536,100
$1.46M - $1.61M
$5,607/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Listed for sale | $1,550,000-11.4%$1,048/sqft |
Source:  CLAW #26838521 Report a problem | ||
| 1/31/2026 | Listing removed | $4,999$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/16/2025 | Price change | $4,999-9.1%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/12/2025 | Listed for rent | $5,500$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/22/2025 | Listing removed | $1,750,000$1,183/sqft |
Source: CLAW #25541897 Report a problem | ||
| 11/8/2025 | Listing removed | $5,500$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/27/2025 | Listed for rent | $5,500+41%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/1/2025 | Price change | $1,750,000-7.9%$1,183/sqft |
Source: CLAW #25541897 Report a problem | ||
| 5/21/2025 | Listed for sale | $1,900,000+111.1%$1,285/sqft |
Source: CLAW #25541897 Report a problem | ||
| 5/23/2017 | Listing removed | $3,900$3/sqft |
Source: Sotheby's International Realty #17222576 Report a problem | ||
| 5/10/2017 | Price change | $3,900-4.9%$3/sqft |
Source: Sotheby's International Realty #17222576 Report a problem | ||
| 4/20/2017 | Listed for rent | $4,100$3/sqft |
Source: Sotheby's International Realty #17222576 Report a problem | ||
| 1/10/2017 | Sold | $900,000+16.1%$609/sqft |
Source:  CLAW #16185260 Report a problem | ||
| 12/16/2016 | Pending sale | $775,000$524/sqft |
Source: Keller Williams - Los Feliz #16185260 Report a problem | ||
| 12/8/2016 | Listed for sale | $775,000+430.8%$524/sqft |
Source: Keller Williams Realty Los Feliz #16185260 Report a problem | ||
| 11/5/1998 | Sold | $146,000+13.2%$99/sqft |
Source: Public Record Report a problem | ||
| 10/14/1997 | Sold | $129,000$87/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,802 +1% | $1,044,520 +2% |
| 2024 | $12,679 +1.9% | $1,024,040 +2% |
| 2023 | $12,439 +4.8% | $1,003,962 +2% |
| 2022 | $11,868 +1.2% | $984,277 +2% |
| 2021 | $11,723 -1% | $964,979 +1% |
| 2020 | $11,842 | $955,086 +2% |
| 2019 | $11,842 +4.9% | $936,360 +2% |
| 2018 | $11,289 | $918,000 +365.5% |
| 2017 | $11,289 +337.8% | $197,198 +2% |
| 2016 | $2,579 +2.8% | $193,332 +1.5% |
| 2015 | $2,508 +0.7% | $190,429 +2% |
| 2014 | $2,491 | $186,700 +2.5% |
| 2012 | -- | $182,214 +2% |
| 2011 | -- | $178,642 +0.8% |
| 2010 | -- | $177,308 -0.2% |
| 2009 | -- | $177,730 +2% |
| 2008 | -- | $174,246 +2% |
| 2007 | -- | $170,830 +2% |
| 2006 | -- | $167,482 |
| 2005 | -- | $167,482 +4% |
| 2004 | -- | $160,981 +1.9% |
| 2003 | -- | $158,031 +2% |
| 2002 | -- | $154,934 +4% |
| 2000 | -- | $148,920 |
Find assessor info on the county website
Monthly payment
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Neighborhood: Mid City
Nearby schools
GreatSchools rating
- 6/10Crescent Heights Boulevard Elementary SchoolGrades: K-5Distance: 0.4 mi
- 6/10Daniel Webster Middle SchoolGrades: 6-8Distance: 4.1 mi
- 5/10Fairfax Senior High SchoolGrades: 9-12Distance: 2.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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