1433 S Fairfax Avenue, Los Angeles, CA, 90019

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$1,700,000
10 Days On Site

1433 S Fairfax Avenue
Los Angeles, CA 90019

For Sale|Residential Income|Active
6
Beds
5
Total Baths
4,008
SqFt
$424
/SqFt
1941
Built
County:
Los Angeles
Listed by Wes Wellman of Wellman Realty Co. wes@wellmanproperties.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
1433 S Fairfax Avenue1433 S Fairfax Avenue1433 S Fairfax Avenue1433 S Fairfax Avenue
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Monthly Payment (Est.)

$7,756
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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.

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Listing Snapshot
Price 
$1,700,000
Days On Site 
10 Days
Bedrooms 
6
Inside Area (SqFt) 
4,008 sqft
Total Baths 
5
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1636 Acres
Year Built 
1941
MLS® Number 
26986111
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
a week agoListing first seen on site
General Features
Acres 
0.1636
Disclosures 
RentControlSellerDisclosure
Levels 
One
Number Of Stories 
2
Parking 
Detached Carport
Special Circumstances 
Standard
SqFt Total 
4008
Zoning 
LAR3
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Community Features
MLS Area 
C09 - Beverlywood Vicinity


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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