$675.00 Per Sq Foot $34,351 est/mo Sourced by Back At You

651 N Fairfax Avenue,Los Angeles, CA 90036

Los Angeles CA, 90036

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Description

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.

Details

MLS#SR23165763
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1951
Days On Site259
Listing Provided ByKeller Williams Realty-Studio City 818-432-1500 | George Kpachavi

Features

SQ Feet9,480
Story(s)2
ZoningLAC4
Acreage0.23

Market Activity 90036

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 5 minutes ago
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90036
Area699 Not Defined
Listing VS Median (in 90036)
Price:
$6,399,000
low | high
Med:
$6,500
100% of Average
SqFt:
9,480
low | high
Med:
2,595
100% of Average
$ / SqFt:
$675
low | high
Med:
$3
100% of Average
On Site:
259
low | high
Med:
19.000000
100% of Average
Sourced by Back At You
Listing Updated: May 20, 2024 at 8:01:05 AM PDT