1433 S Fairfax Ave, Los Angeles, CA 90019
1433 S Fairfax Ave, Los Angeles, CA 90019
1433 S Fairfax Ave, Los Angeles, CA 90019
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$1,700,000
Est. payment /mo
6 Beds
5 Baths
4,008 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,008 sqft

Price per Sqft $424

MLS Listing ID 26986111

Bedrooms 6

Year Built 1941

Lot Size 7,128 Sqft

Acres 0.1636

Property Sub-Type Multi-Family

Property Description

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 dwelling 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.

Location

State CA

County Los Angeles

Area Beverlywood Vicinity

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Other

Cooling None

Equipment None

Exterior

Parking Features Carport Detached

Building

Story 2

Level or Stories One

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Wellman Realty Co.

NEARBY SCHOOL & BUSINESS

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