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1562 S Fairfax Ave, Los Angeles, CA 90019

List Price: $1,695,000On Market FlagOn market
Jul 9, 20251,144 sqft3 beds1 baths
Listed by: Daniel Shamooelian
License #: 01984269
Phone #: 310-651-1800
Keller Williams Beverly Hills
Source:
CRMLS Logo
MLS #: 25562269

Property Description

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 $70,000 in demolition costs with no tenant relocation required! 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 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.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

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“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
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TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$20,061

TurboHome Estimated Value

$1,516,200

$1,325 sqft

High Valuation
$1,592,010
$1392/sqft
Normal Valuation
$1,516,200
$1325/sqft
Low Valuation
$1,440,390
$1259/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1325/sqft$1,516,200

Neighborhood: Pico-Robertson

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Comparative Value

$950K

$1.22M

$1.30M

$1.70M

$1.70M

1748 S Fairfax Ave, Los Angeles, CA 90019

Sale Price: $950,000

Selected Comparable

1712 S Fairfax Ave, Los Angeles, CA 90019

Sale Price: $1,220,000

Selected Comparable

1606 S Orange Grove Ave, Los Angeles, CA 90019

Sale Price: $1,250,000

Selected Comparable

5661 Pickford St, Los Angeles, CA 90019

Sale Price: $1,302,000

Selected Comparable

1562 S Fairfax Ave, Los Angeles, CA 90019

List Price: $1,695,000

Subject Property

1612 S Ogden Dr, Los Angeles, CA 90019

Sale Price: $1,704,472

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1562 S Fairfax Ave, Los Angeles, CA 90019

1562 S Fairfax Ave, Los Angeles, CA 90019

List: $1,695,000

Listed: 7/9/2025

Area:1,144 sqft
Price/sqft:$1,482
Beds:3
Baths:1
Year Built:—
Lot Size:6,886

Comparable Properties

COMPARABLE
Choose comps
1712 S Fairfax Ave, Los Angeles, CA 90019

1712 S Fairfax Ave, Los Angeles, CA 90019

Sale: $1,220,000

11/14/2024 • 0.18 mi

Area:1,152 sqft
Price/sqft:$1,059
Beds:3
Baths:2
Year Built:—
Weight:21.1%
1748 S Fairfax Ave, Los Angeles, CA 90019

1748 S Fairfax Ave, Los Angeles, CA 90019

Sale: $950,000

11/5/2024 • 0.26 mi

Area:1,317 sqft
Price/sqft:$721
Beds:3
Baths:1
Year Built:—
Weight:21.0%
1612 S Ogden Dr, Los Angeles, CA 90019

1612 S Ogden Dr, Los Angeles, CA 90019

Sale: $1,704,472

7/16/2025 • 0.13 mi

Area:1,428 sqft
Price/sqft:$1,194
Beds:3
Baths:2
Year Built:—
Weight:19.9%
1606 S Orange Grove Ave, Los Angeles, CA 90019

1606 S Orange Grove Ave, Los Angeles, CA 90019

Sale: $1,250,000

12/10/2024 • 0.07 mi

Area:1,457 sqft
Price/sqft:$858
Beds:3
Baths:1
Year Built:—
Weight:19.8%
5661 Pickford St, Los Angeles, CA 90019

5661 Pickford St, Los Angeles, CA 90019

Sale: $1,302,000

7/15/2025 • 0.24 mi

Area:1,061 sqft
Price/sqft:$1,227
Beds:2
Baths:2
Year Built:—
Weight:18.2%

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