1524 S Fairfax Ave Los Angeles, CA 90019
Mid-City NeighborhoodEstimated payment $10,593/month
Total Views
2,610
3
Beds
1.5
Baths
1,479
Sq Ft
$1,183
Price per Sq Ft
Highlights
- Cabana
- Den with Fireplace
- No HOA
- Craftsman Architecture
- Wood Flooring
- Breakfast Area or Nook
About This Home
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 sq feet 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 $4,800/ month with tenant in place month to month
Listing Agent
Christie's International Real Estate SoCal License #01902157 Listed on: 05/21/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,679
Year Built
- Built in 1925
Lot Details
- 6,888 Sq Ft Lot
- Lot Dimensions are 55x125
- West Facing Home
- Property is zoned LAR3
Parking
- 2 Car Garage
- Automatic Gate
Home Design
- Craftsman Architecture
Interior Spaces
- 1,479 Sq Ft Home
- 1-Story Property
- Separate Family Room
- Dining Area
- Den with Fireplace
- Wood Flooring
Kitchen
- Breakfast Area or Nook
- Oven or Range
- Gas Cooktop
Bedrooms and Bathrooms
- 3 Bedrooms
- Powder Room
Laundry
- Laundry in Kitchen
- Dryer
- Washer
Pool
- Cabana
Utilities
- Floor Furnace
- Vented Exhaust Fan
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 5068-023-020
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,679 | $1,044,520 | $835,618 | $208,902 |
| 2024 | $12,679 | $1,024,040 | $819,234 | $204,806 |
| 2023 | $12,439 | $1,003,962 | $803,171 | $200,791 |
| 2022 | $11,868 | $984,277 | $787,423 | $196,854 |
| 2021 | $11,723 | $964,979 | $771,984 | $192,995 |
| 2019 | $11,376 | $936,360 | $749,088 | $187,272 |
| 2018 | $11,289 | $918,000 | $734,400 | $183,600 |
| 2016 | $2,508 | $193,332 | $154,674 | $38,658 |
| 2015 | $2,474 | $190,429 | $152,351 | $38,078 |
| 2014 | $2,491 | $186,700 | $149,367 | $37,333 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/01/2025 06/01/25 | Price Changed | $1,750,000 | -7.9% | $1,183 / Sq Ft |
| 05/21/2025 05/21/25 | For Sale | $1,900,000 | 0.0% | $1,285 / Sq Ft |
| 05/17/2017 05/17/17 | Rented | $4,000 | +2.6% | -- |
| 05/10/2017 05/10/17 | Price Changed | $3,900 | -4.9% | $3 / Sq Ft |
| 04/19/2017 04/19/17 | For Rent | $4,100 | 0.0% | -- |
| 01/10/2017 01/10/17 | Sold | $900,000 | +16.1% | $609 / Sq Ft |
| 12/15/2016 12/15/16 | Pending | -- | -- | -- |
| 12/07/2016 12/07/16 | For Sale | $775,000 | -- | $524 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $900,000 | None Available | |
| Interfamily Deed Transfer | -- | Chicago Title Co | |
| Grant Deed | $146,000 | Chicago Title Insurance Co | |
| Trustee Deed | $129,000 | Fidelity National Title Ins | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $417,000 | Unknown | |
| Previous Owner | $300,000 | Purchase Money Mortgage | |
| Previous Owner | $75,000 | Credit Line Revolving | |
| Previous Owner | $25,000 | Stand Alone Second | |
| Previous Owner | $143,354 | FHA | |
| Previous Owner | $0 | Unknown | |
| Previous Owner | $0 | Unknown |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: The MLS
MLS Number: 25541897
APN: 5068-023-020
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