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1332 Fairfax Ave
Los Angeles, CA 90046

$1,645,000 USD

Land For Sale  •  0.15 AC

Property Details

  • Property Type Land
  • Lot Size 0.15 AC
  • Zoning R1-1 Tier2
56 Transit Score
93 Walk Score

Description

REDUCED!

Partners CRE is proud to present for sale a development opportunity for 26 Units in Prime Los Angeles, across the street from West Hollywood.  Benefit from West Hollywood without the WeHo Building and Safety hassles.

You have found the best location around, with Planning Approval for a 26 Unit Affordable Project!  And this Zip Code qualifies for Tier 2 of SAFMR, so get ready for Section 8 demand coming your way!

Steps to Sunset Blvd. and walking distance to pretty much everything any resident would want, Walk Score is right in calling this area a Walker’s Paradise!  Walk to supermarkets, restaurants in all price ranges, happening nightlife and so much more!  Near the Bristol Farms (literally on the same block to the north, at Sunset Blvd.), Whole Foods, Rite Aid, DGA…

This 6,545 SF Lot is a former SFR and has an SB8 Replacement Unit Determination Letter stating that zero units are subject to replacement.  Build 4 stories of mostly 1s and some 2s, Slab on Grade, Type 5 Construction and be up and running in no time!

The property has no power lines in front, with a gently sloping street to the south, providing the possibility for great rooftop views!
No replacement units, RSO or Ellis to worry about!

The Seller has a Preliminary Project that has not been submitted to LADBS and will not be delivered RTI.  1346 N. Fairfax Ave. three doors away is also available, with the same attributes and possibilities.

Highlights

Planning Approval for 26 Affordable Units
SB8 Replacement Unit Determination Letter stating that zero units are subject to replacement
Walker’s Paradise with Good Transit. No power lines in front
Among some of the highest rental comparables in town
Central to practically everything! Just south of Sunset Blvd. and steps outside of West Hollywood.
Similar lot three doors down also available

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 15 min - 7.7 mi
Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 17 min - 8.1 mi
AirportDriveWalkDistance
Bob Hope 20 min - 10.2 mi
Los Angeles International 24 min - 12.0 mi
Long Beach (Daugherty Field) 42 min - 28.4 mi
Dario Svidler 424-600-7633 Partners CRE - KWBH
Dario Svidler 424-600-7633 Partners CRE - KWBH