651 N Fairfax Ave Los Angeles, CA 90036

Price
$6,500,000
Listed On
Type
For Sale
Status
Active
651 N Fairfax Ave, Los Angeles, CA 90036
651 N Fairfax Ave, Los Angeles, CA 90036
651 N Fairfax Ave, Los Angeles, CA 90036
651 N Fairfax Ave, Los Angeles, CA 90036
651 N Fairfax Ave, Los Angeles, CA 90036
651 N Fairfax Ave, Los Angeles, CA 90036
651 N Fairfax Ave, Los Angeles, CA 90036
651 N Fairfax Ave, Los Angeles, CA 90036
651 N Fairfax Ave, Los Angeles, CA 90036
651 N Fairfax Ave, Los Angeles, CA 90036
651 N Fairfax Ave, Los Angeles, CA 90036
651 N Fairfax Ave, Los Angeles, CA 90036
651 N Fairfax Ave, Los Angeles, CA 90036
651 N Fairfax Ave, Los Angeles, CA 90036
9480 sqft
Asking  $6,500,000

Snapshot

Property Type
Other
Lot Size
Property Sqft
9,480
MLS Number
SR23165763
Year Built
1951
Days On Market

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.

More Details

Provider
Keller Williams Realty Studio City
MLS ID
MRMLSCA
MLS Name
California Regional Multiple Listing Service, Inc
MLS Number
SR23165763
Source
listhub
PARTICIPANT
Name
George Kpachavi
Primary Phone
(310) 525-0528
Key
3YD-MRMLSCA-F207056839
Email
george@kpachavirealestate.com
BROKER
Name
Keller Williams Realty Studio City
Phone
(818) 432-1500
OFFICE
Name
Keller Williams Realty-Studio City
Phone
(818) 432-1500
Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

History

DateEventPrice$/SqftSource
Price Changed$6,500,000 -4.41%$686Keller Williams Realty-Studio City
Listed For Sale$6,800,000 $717Keller Williams Realty-Studio City
Report issue with price history

Nearby Schools

Senior High School

Fairfax Senior High

0.1 miles away09 - 12

High School

Whitman Continuation

0.2 miles away09 - 12

Elementary School

Laurel Elementary

0.3 miles awayKG - 06
Show more
Get more info on 651 N Fairfax Ave, Los Angeles, CA 90036
Profile
George Kpachavi
Listing Agent
(310) 525-0528
By pressing request info, you agree that Residential and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means.
Profile
George Kpachavi
Listing Agent
(310) 525-0528
By pressing request info, you agree that Residential and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means.