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Marcie Sands

myagentmarcie@gmail.com +1(760) 644-1562

$ 1,495,000

Est. payment -/mo

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Price Dropped by $104K

1562 S Fairfax AVE Los Angeles, CA 90019

6,886 Sqft Lot

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25562269

HOA Y/N No

Lot Size 6,886 Sqft

Property 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

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR3

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 5068023013

Special Listing Condition Standard

Listed by Daniel Shamooelian Keller Williams Beverly Hills

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

10

Farragut Elementary School

Public | KG - 5
10

West Hollywood Elementary

Public | KG - 5
9

Beverly Vista School

Public | KG - 8
9

Canfield Avenue Elementary School

Public | KG - 5
9

Horace Mann School

Public | KG - 8
8

Hawthorne School

Public | KG - 8
8

Castle Heights Elementary School

Public | KG - 5
8

Hancock Park Elementary

Public | KG - 5
8

Melrose Avenue Elementary School

Public | KG - 6
8

3rd Street Elementary School

Public | KG - 5
8

Queen Anne Place Elementary School

Public | KG - 5
7

Linwood E. Howe Elementary School

Public | KG - 5
7

Baldwin Hills Elementary School

Public | KG - 5
6

La Ballona Elementary School

Public | KG - 5
6

Marvin Avenue Elementary

Public | KG - 5
6

Cienega Elementary School

Public | KG - 5
5

Shenandoah Street Elementary School

Public | KG - 5
5

Rosewood Avenue Elementary

Public | KG - 5
5

Laurel School

Public | KG - 8
5

City Charter Elementary School

Public | KG - 5

Middle Schools 17

8

Los Angeles Center for Enriched Studies

Public | 6 - 12
7

Culver City Middle School

Public | 6 - 8
6

New los Angeles Charter

Public | 6 - 8
6

John Burroughs Middle School

Public | 6 - 8
5

Magnolia Science Academy 6

Public | 6 - 8
4

Magnolia Science Academy 5

Public | 6 - 12
4

Bancroft Middle School

Public | 6 - 8
1

Audubon Middle School

Public | 6 - 8
1

Johnnie Cochran Jr. Middle School

Public | 6 - 8
0

Angela's Workshop

Private | 6 - 12
0

Yeshivat Ohr Chanoch

Private | 8 - 12
0

Star Preparatory Academy

Private | 6 - 12
0

Pacific Hills School

Private | 6 - 12
0

Urban Village Middle School

Public | 6 - 8
0

West Hollywood Opportunity

Public | 7 - 12
0

The Episcopal School of los Angeles

Private | 6 - 9
0

Marlborough School

Private | 7 - 12

High Schools 20

10

Beverly Hills High School

Public | 9 - 12
8

Culver City High School

Public | 9 - 12
7

Fairfax High School

Public | 9 - 12
7

Math and Science College Preparatory

Public | 9 - 12
6

Crenshaw Arts-Technology Charter High School

Public | 9 - 12
5

Alexander Hamilton High School

Public | 9 - 12
3

Los Angeles High School

Public | 9 - 12
1

Dorsey High School

Public | 9 - 12
0

Moreno High (Continuation)

Public | 9 - 12
0

Yula Boys High School

Private | 9 - 12
0

Culver Park High School

Public | 10 - 12
0

Cheviot Hills Continuation

Public | 9 - 12
0

Yula Girls High School

Private | 9 - 12
0

Mesivta Birkas Yitzchok

Private | 9 - 12
0

Shalhevet High School

Private | 9 - 12
0

Shalhevet School

Private | 9 - 12
0

Harkham-Gaon Acadamy

Private | 9 - 12
0

Whitman Continuation

Public | 9 - 12
0

Shaarei Torah California Rabbinical College

Private | 9 - 12
0

Bais Yaakov School for Girls

Private | 9 - 12

School and business data provided by Attom Data.

Marcie Sands

REALTOR® | CA DRE#01428288

+1(760) 644-1562

Marcie Sands

1562 S Fairfax AVE Los Angeles, CA 90019

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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1562 S Fairfax AVE