Description for
651 N Fairfax AvenueLos Angeles, CA 90036
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.
Price
$6,399,000
Los Angeles
9,480 (approx)
SR23165763
Active
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.
Listing Information
Property Type: Retail, Business Opportunities, 2 Story
0.23 Acres
9,480 (approx)
1951
2
Public
Neighborhood
Room Information
None
Exterior / Lot Features
0 Covered Parking Spaces,
LAC4
0-1 Unit/Acre
Driving Directions
Melrose to Fairfax
Financial Considerations
5527017002
1031 Exchange
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California.
Los Angeles, California 90036 has a population of 3,956,168.
The median household income in Los Angeles, California 90036 is
$94,186.
The median household income for the surrounding county is $73,262
compared to the national median of $66,222.
The median age of people living in Los Angeles 90036 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
Street Address
City
Beds
Baths
Sold Price
Sold Date
No information is available for recently sold properties within this search.