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$1,495,000

  • For Sale
  • Active
  • Lots/Land
  • 0.1581 Acres
  • Updated 9 days ago
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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.

Full Property Details for 1562 S Fairfax Ave

General

  • Price: $1,495,000
  • Status: Active
  • Type: Lots/Land
  • Source: CLAW
  • MLS ID: 25562269
  • Updated: 1/8/2026
  • Added to Site: 193 day(s) ago

Location

  • Area: Mid Los Angeles
  • County: Los Angeles
  • Driving Directions: South of Pico Blvd, North of Airdrome St, East of Fairfax Ave, West of Hauser Blvd

Lot Features

  • Lot Size (Acres): 0.1581
  • Lot Size: 6888
  • Lot Size Source: Vendor Enhanced
  • Lot Dimensions: 55 x 125
  • Zoning: LAR3

Disclosures and Reports

  • Disclosures/Reports: As Is
  • APN: 5068-023-013

Listed by Keller Williams Beverly Hills, Daniel Shamooelian

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Listing agent

— 1562 S Fairfax Ave —

  • Daniel Shamooelian

    Keller Williams Beverly Hills

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1562 S Fairfax Ave

School District:Los Angeles Unified School District
NameGradesDistance
Crescent Heights Boulevard Elementary School
1661 South Crescent Heights Boulevard, Los Angeles, CA 90035
K-50.4 mi
Daniel Webster Middle School
11330 Graham Place, Los Angeles, CA 90064
7-84.1 mi
Fairfax Senior High School
7850 Melrose Avenue, Los Angeles, CA 90046
9-122.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1562 S Fairfax Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/08/2026
Price Reduced
$1,495,000
-6.5%
MLS
9/18/2025
Price Reduced
$1,599,000
-5.66%
MLS
7/30/2025
Price Reduced
$1,695,000
-3.14%
MLS
7/09/2025
Listed
$1,750,000
34.62%
MLS
2/11/2021
Sold
$1,300,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1562 S Fairfax Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,020
3%
$1,407,161
4%
2023
$16,572
5%
$1,352,520
2%
2022
$15,804
568%
$1,326,000
639%
2021
$2,365
-1%
$179,496
1%
2020
$2,384
4%
$177,656
2%
2019
$2,299
2%
$174,174
2%
2018
$2,249
2%
$170,760
2%
2017
$2,204
3%
$167,413
2%
2016
$2,146
1%
$164,132
2%
2015
$2,117
-1%
$161,668
2%
2014
$2,133
—
$158,502
—
2013
$2,127
—
$157,787
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1562 S Fairfax Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams Beverly Hills, Daniel Shamooelian

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1562 S Fairfax Ave, Los Angeles, CA 90019 (MLS# 25562269) is a Lots/Land property with a lot size of 0.1581 acres. 1562 S Fairfax Ave is currently listed for $1,495,000 and was received on July 09, 2025. Want to learn more about 1562 S Fairfax Ave? Do you have questions about finding other Lots/Land real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

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