Residential Land for Sale in Los Angeles, California
1562 S Fairfax Ave, Los Angeles, CA 90019
MAJOR PRICE DROP! 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, 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
- Street address
- 1562 S Fairfax Ave
- County
- Los Angeles County
- Community
- Mid Los Angeles
- Elevation
- 128 feet
Directions
South of Pico Blvd, North of Airdrome St, East of Fairfax Ave, West of Hauser Blvd
Property details
- Lot size
- 0.158 acres6,882 sq ft
- Zoning
- LAR3
- MLS #
- CLAW 25562269
- Posted
Parcels
- 5068-023-013
Details and features
Listing
- Type
- Land
- Franchise
- Keller Williams Realty
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 19, 2025 | Price drop | $1,599,000 | $96,000 -5.7% | CLAW |
| July 30, 2025 | Price drop | $1,695,000 | $55,000 -3.1% | CLAW |
| July 10, 2025 | New listing | $1,750,000 | — | CLAW |