# 1562 S Fairfax Ave, Los Angeles, CA 90019

> **TL;DR:** land, $1,495,000. Est. $6,478/mo. Listed 275 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,495,000 |
| Lot Size | 6,887 sqft (0.16 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 275 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,478 |
| **Total** | **$6,478** |

## Property Highlights

- 0.16 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 1562 S Fairfax Ave, Los Angeles, CA 90019
- **County:** Los Angeles
- **Coordinates:** 34.047828, -118.367179
- **Google Maps:** https://www.google.com/maps?q=34.047828,-118.367179

## Listing Agent

- **Name:** Daniel Shamooelian
- **Brokerage:** Keller Williams Beverly Hills
- **Phone:** 3106511800
- **Email:** daniel@dsrealestate.com

## Primary Photo

![1562 S Fairfax Ave - Primary Photo](http://lh.rdcpix.com/ce46358b3e410b2ca645b6f8fe4fc044l-f3733132806r.jpg)

*23 total photos available on [listing page](https://www.propertysimple.com/listing/1562-s-fairfax-ave-los-angeles-ca-90019-25562269)*

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**MLS#:** 25562269 | **Updated:** 2026-04-29
**Source:** listhub

*Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1562-s-fairfax-ave-los-angeles-ca-90019-25562269)

---

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