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Roseann Oesterreich, CRS, GRI

Los Angeles CA Real Estate & Commercial for Sale

1 Properties Found

The median home value in Los Angeles, CA is $1,075,000. This is higher than the county median home value of $790,000. The national median home value is $308,980. The average price of homes sold in Los Angeles, CA is $1,075,000. Approximately 45.51% of Los Angeles homes are owned, compared to 47.38% rented, while 5.3% are vacant. Los Angeles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Los Angeles real estate agent to arrange a tour today!
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Beds:
n/a
Baths:
Sq.Ft.:
9,480
Status:
Active
MLS#:
SR23165763
Type:
Retail, Business Opportunities
Lot size:
0.23 Acres
Year built:
1951
Listing Agent: George Kpachavi - Keller Williams Realty-Studio City, 310-525-0528
View additional info

Discover an unparalleled investment opportunity in the heart of Los Angeles with this prime commercial property on Fairfax Avenue. Located in a thriving neighborhood known for its dynamic growth and cultural significance, this offering presents the potential to transform two contiguous lots into a development masterpiece.Key Features:Prime Location: Situated in a highly sought-after area, this property enjoys proximity to vibrant dining, shopping, and cultural hotspots. The surrounding community has seen significant growth, making it a desirable destination for both residents and businesses.Development Potential: This unique property consists of two lots side by side, providing ample space for a visionary developer to create a substantial residential complex. Potential to build up to 52 units, catering to the strong demand for housing in the area. Buyer to verify and due their own due diligence. Nearby Developments: The area has witnessed a surge in new apartment developments, making this property a strategic addition to the evolving urban landscape. It aligns perfectly with the ongoing transformation of Fairfax Avenue.Investor's Dream: Savvy investors and developers will recognize the tremendous value and growth potential that this property offers. Take advantage of the opportunity to shape the future of this dynamic neighborhood.Accessibility: Convenient access to major transportation routes and public transit ensures ease of commute for future residents, further enhancing the appeal of this location.Investment Potential:Whether you're an experienced developer looking for your next project or an owner-user with a grand vision, 649-651 N Fairfax represents an exceptional opportunity to contribute to the renaissance of this iconic neighborhood.Seize this chance to be at the forefront of progress and innovation. Contact us today to explore the possibilities, discuss plans, and take the first step toward creating a lasting legacy on Fairfax Avenue.

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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Based on information from CRISNet MLS as of 4/24/2024. 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.
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