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About This Home
This land at 1562 S Fairfax Ave in Los Angeles, CA is listed for $1,495,000 (0.16 acres).
NEW YEAR, NEW PRICE! 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 $50,000 in demolition costs with no tenant relocation required!
Subject property has been vacant land for 5 years so will be clear SB 8!! 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.
Key Features
- 0.16 acre lot
Location
1562 S Fairfax Ave
Los Angeles, CA 90019
Questions & Answers
This 0-bedroom, 0-bathroom land at 1562 S Fairfax Ave is listed at $1,495,000. The estimated monthly payment is $6,478 based on 20% down at 6.5% interest.
Key features include: 0.16 acre lot.
This property is listed by Daniel Shamooelian and can be reached at 3106511800 or daniel@dsrealestate.com.
