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1433 S Fairfax Avenue

Los Angeles, CA 90019
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Bed 6

Bed

Bath 5

Bath

SqFt4,008

Sqft

SqFt7,128

Sqft(Lot)

Rare 4-unit apartment building in a prime Los Angeles neighborhood, now offered at $424 per square footsignificantly below current condo and single-family home pricing. Recent market data shows Los Angeles condos trading around $688$723 per square foot and single-family homes near $791 per square foot, making this multifamily opportunity an exceptional value for owner-occupants and investors alike. The property features two 1-bedroom and two 2-bedroom units, ideal for house-hacking or generating rental income while living in one unit. With realistic pricing and strong cash-flow potential, this building presents a financially smarter alternative to purchasing a condo or small single-family home in today's market. Seller confirms the property is approved for an 800-square-foot accessory dwel ling unit (ADU) to be constructed over the existing garages. Under California state law and current Los Angeles ADU regulations, detached or garage-top ADUs up to 800 square feet are permitted regardless of lot coverage or floor-area ratio limits, providing significant added value and flexibility. The ADU approval opens multiple strategic options: create a third income stream, accommodate extended family, or enhance overall property valuation. Construction costs for garage-top or detached ADUs in Los Angeles typically range from $225,000 to $350,000 for a 700800 square-foot unit, offering strong return potential in a high-demand rental market. Located in a desirable Los Angeles neighborhood, the property offers convenient access to local amenities including neighborhood shops, restaurants, cafes, and parks. Residents enjoy walkable streets, tree-lined blocks, and proximity to major employment centers, entertainment, and cultural attractions. The area is well-served by public transportation, major freeways, and top-rated schools, making it attractive to a wide range of tenants and future buyers. This is a turnkey investment with immediate income, owner-occupancy potential, and significant upside through ADU development. Whether you're a first-time buyer seeking an affordable entry into Los Angeles real estate, an investor looking to expand your portfolio, or a homeowner seeking to offset your mortgage with rental income, this 4-unit building delivers unmatched versatility and value. Do not miss this opportunity to own a multifamily asset priced well below comparable condos and homes.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,700,000

AD Id : 91114609

MLS Id : 26986111

Beds : 6

Lot Size : 7,128 Sqft

Living Area Size : 4,008

Year Built : 1941

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 5
  • Heating & Cooling

    Cooling: None

  • Building Information

    Year Built: 1941
    Building Area Total: 4008
    Stories: 1
    Private Pool: No

  • Lot Information

    Main Square Feet: 7128 Lot Size Acres: 0.1636 Lot Size Square Feet: 7,128

  • Listing Price Information

    Listing Price: $1700000

  • Tax Information

    Parcel Number: 5068017026

  • Location Information

    Direction: South of Olympic, East of Crescent Heights
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1044 S St Andrews Place, Los Angeles, CA, 90019 $1,490,000 5 3 2,133 6,257 Sqft
1254 S Manhattan, Los Angeles, CA, 90019 $1,590,000 6 4 3,024 8,439 Sqft
1138 S St Andrews Place, Los Angeles, CA, 90019 $1,300,000 4 2 1,830 6,185 Sqft
932 S Gramercy Place, Los Angeles, CA, 90019 $1,680,000 10 10 4,800 7,502 Sqft
941 S Gramercy Place, Los Angeles, CA, 90019 $2,695,000 12 12 7,360 6,870 Sqft
1415 S Manhattan Place, Los Angeles, CA, 90019 $2,250,000 9 5 7,512 13,152 Sqft
913 S Wilton Place, Los Angeles, CA, 90019 $1,990,000 5 4 -- 9,003 Sqft
939 S Wilton Place, Los Angeles, CA, 90019 $2,600,000 12 10 5,359 8,303 Sqft
1057 S Gramercy Place, Los Angeles, CA, 90019 $1,850,000 5 3 3,601 8,251 Sqft
1415 S St Andrews Place, Los Angeles, CA, 90019 $2,799,000 12 -- 9,268 13,166 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. 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 Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/10/2026 @ 09:32

MLS: 26986111 LISTED BY: Wes Wellman, Wellman Realty Co. 310-829-7423 SOURCE: CRMLS

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