1433 S Fairfax Ave , Los Angeles, CA 90019
$1,700,000
Est. Payment: $9,079.19/mo
6 Bed
4 Bath
4008 Sqft
Status: Active | Days on site: 8
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House 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.

Highlights

Listed by Wes Wellman , 310-829-7423 Wellman Realty Co. , 310-829-7423. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.16

Year Built

1941

County

Los Angeles

Area

C09 - Beverlywood Vicinity

Listing ID

26986111

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:4
  • Full Bathrooms:0

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:LAR3
Others:
  • Additional:2+ Total Units, Has ADU
Parking Features:Detached Carport
Principal Interest
$9,079
Taxes
$1,084

Home Price

$1,700,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$340,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,079.19

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,079.19 $1,083.75 $0.00 $10,162.94
Yearly $108,950.28 $13,005.00 $0.00 $121,955.28
Total $3,268,508.34 $390,150.00 $0.00 $3,658,658.34

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. 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, 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T01:02:47.000Z

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