1562 South Fairfax Avenue Los Angeles, CA ^$ 1,599,000

1562 South Fairfax Avenue

^$ 1,599,000

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1562 South Fairfax Avenue

Los Angeles, CA, 90019

^$ 1,599,000

Studio Baths0.0

Monthly Estimate*

^$ 9,976

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Studio

Lots and Land for sale in Los Angeles, CA

for $1,599,000. The lot size is 0.16.

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.

Lots and Land Active

Price

^$ 1,599,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Lot Size

0.16

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0025562269

Features

General

Zoning LAR3

County Los Angeles

New Construction No

Property Type D

HOA No

Status Active

City Los Angeles

Senior Community Y/N No

MLS Area C16 - Mid Los Angeles

Lot Size Units Square Feet

Lot Size Square Feet 6888.0

Standard Status Active

Exterior

Water Source None

Lot Size Area 6888.0

Lot Dimensions 55x125

Lot Size Acres 0.16

Land Lease Type Fee

Interior

Total Baths 0

* Excluded Features

List By

Daniel Shamooelian

Listing Agent

Keller Williams Beverly Hills

Broker

Affordability Calculator

$9,976

Per Month

Monthly Principal & Interest: $9,976
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Los Angeles, CA

Average List Price ^$1,640,691

Percent of Sale Price 3%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/19/2025	$1,599,000	-5.66%	Price Down
7/31/2025	$1,695,000	-3.14%	Price Down
7/11/2025	$1,750,000		Listed Price

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1562 South Fairfax Avenue, Los Angeles, CA, 90019 is a Lots and Land for sale at $1,599,000 with a lot size of 0.16. 1562 South Fairfax Avenue is a studio with 0.0 baths. The property's zip code is 90019 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 10/4/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1562 South Fairfax Avenue

Lots and Land for sale in Los Angeles, CA

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