When was property at 1550 South Fairfax Avenue built and last sold?

The property at 1550 South Fairfax Avenue was built in 1927 and last sold on Jul 24, 2019 for $2,000,000.

How much is this home worth?

The estimated value of the home located at 1550 South Fairfax Avenue is $4,545,000.

What are some comparable homes to 1550 South Fairfax Avenue?

Homes that are comparable to 1550 South Fairfax Avenue include a other property at 6082 West 18th Street , a multifamily property at 6115 Orange Street , which are both great to check out.

Los Angeles

90019

PICO

1550 S Fairfax Ave

1 / 3

Map

$4,500,000*

● Land - Off Market

1550 S Fairfax Ave

Los Angeles, CA 90019

Studio

0 Bath

$4,050,000 - $4,950,000

Reference Base Price*

0.00%

Since Dec 1, 2023

CA-Los Angeles

Primary Model

Sold Oct 15, 2019

$2,000,000

1550 South Fairfax Llc

Buyer

Highrise Investmens Llc

Seller

$3,350,000 by Fundrise Lending Llc

Mortgage

Sold May 01, 2019

$1,505,000

Highrise Investments Llc

Buyer

Honovich Verajoy

Seller

$1,050,000 by Arixa Fund I Llc

Mortgage

About This Property

30 Unit RTI Development Deal near West LA! Two contiguous lots totaling 13,770 Sq Ft zoned LAR3. The project consists of a unit mix of 8 one-bedrooms, 8 two-bedrooms, and 14 three-bedroom units and 56 parking stalls using TOC incentives. Close proximity to freeways, supermarkets, shopping centers and much more. The project site is located conveniently for a quick drive to the westside beach cities and DTLA. The neighborhood is going through a revitalization with many new developments in the area. Priced to sell quick~! ULA aka "mansion-tax" does not apply. Properties to be delivered vacant at the close of escrow.

Unit Size

Days on Market

Land Size

Price per sqft

Property Type

Land

Property Taxes

HOA Dues

Year Built

1927

Price History

Date / Event	Date	Event
Nov 18, 2023	No longer available	-
No longer available
Nov 17, 2023	Relisted	$4,750,000
Relisted
Oct 3, 2023	No longer available	-
No longer available
Aug 11, 2023	Price Decreased	$4,500,000 ↓ $250K (5.3%)
Price Decreased
Mar 31, 2023	Listed	$4,750,000
Listed
Oct 15, 2019	Sold	$2,000,000
Sold
Feb 28, 2019	No longer available	-
No longer available
Feb 13, 2019	No longer available	-
No longer available
Feb 11, 2019	Listed	$1,399,000
Listed

	This property is currently a 3 bedroom 2 bath SFR. It is quite a respectable home n the heart of Los Angeles in the famous Pico/Fairfax district. It has a detached garage with a bonus room/storage attic included in the garage. It has potential to be developed into multifamily apartment building up to 10 units. Boasting a lot size of 6,886 sq ft. zoned R3. Bring your Developers clients. This property won't last long with the fast track the City is putting projects on due to the housing… Keller Williams - Beverly Hills
Nov 9, 2018	Listed	$1,595,000
Listed

Property Highlights

With View

Building Info

Overview

General

Year Built: 1927

Effective Year Built: 1927
Building Count: 1
Total Rooms: 9
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Building Quality: B
Construction Type: Wood
Building Style: Tudor
Exterior Walls Type: Stucco
Roof Shape Type: Gable
Roof Cover Type: Composition shingle
Floor Count: 1
Living Units: 1
Basement Area: 0
Parking Space Count: 1

Dimensions

Lot Size Square Feet: 6,886

Lot Size Depth Feet: 1,250
Lot Size Frontage Feet: 550
Total Building Area: 1,578
Building Area: 1,578
Building Area Measurement: Living Area

Heating and Cooling

Fireplace Count: 1

Air Conditioning: unknown
Heating: Central heating
Heated Square Feet: 1,578
Heating Fuel Type: unknown

Utilities

Sewer System: unknown

Water Service: unknown

Building

Property Class: Residential

Subdivision: 4713
Land Acres: 0.158
Standard Land Use Code: Single family residential
Legal Description 1: TRACT # 4713 LOT/SEC 92

Ownership

Current Owner : 1550 SOUTH FAIRFAX LLC

Previous Owner : HIGHRISE INVESTMENS LLC
Owner Before Previous Owner: HONOVICH VERAJOY
Current Owner Is a Corporation Indicator: Yes

Neighborhood

School District Name: Los Angeles Unified School District

Census Tract: 216901

Zoning

Zoning: LAR3

Geography

Assessors Map Reference: 42-E3

Subdivision Tract Number: 4713
Parcel: 5068-023-015
Lot: 92
Municipality: WEST /MID-CITY
Latitude: 34.0481
Longitude: -118.367

Address

Full Address: 1550 S Fairfax Ave

Address - House Number: 1550
Street Direction: S
Address - Street Name: Fairfax
Address - Suffix Type: Ave
State: CA
City Name: Los Angeles
Carrier Code: C039
4-Digit Zip Code: 4911
Zip Code: 90019

Valuation

Tax

Tax Year: 2022

Tax Amount: $24,445
Intital Tax Deliquent Year: 2020
Tax Rate Code Area: 00-067

Appraisal Valuation

Standard Deviation: 0.2304

Valuation Date: Nov 08, 2023
Confidence Score: 68
Final Value: 2,699,869
High Value: 3,322,160
Low Value: 2,077,579

Open Liens

Total Open Liens: 1

Total Open Liens Amount: $3,350,000
First Open Lien Mortgage Lender: FUNDRISE LENDING LLC
First Open Lien Mortgage Recording Date: Oct 15, 2019
First Open Lien Mortgage Loan Amount: $3,350,000
First Open Lien Mortgage Term: 360
First Open Lien Mortgage Position: 1

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $2,102,356
Assessed Land Value: $2,049,798
Assessed Improvements Value: $52,558

Sales

Current Sale Contract Date: Jul 24, 2019

Current Sale Recording Date: Oct 15, 2019
Current Sale Transaction ID: 11671286188
Current Sale Price: $2,000,000
Current Sale Document Type: Warranty Deed
Current Sale Input Document Number: 19-1095600
Previous Sale Recording Date: May 01, 2019
Previous Sale Contract Date: Feb 27, 2019
Previous Sale Amount: $1,505,000
Previous Sale Document Type: Grant Deed

Last Sale Mortgage

First Mortgage Lender: FUNDRISE LENDING LLC

First Mortgage Transaction Date: Oct 15, 2019
First Mortgage Loan Amount: $3,350,000

Previous Mortgages

Previous Mortgage Lender: ARIXA FUND I LLC

Previous Mortgage Transaction Date: May 01, 2019
Previous Mortgage Loan Amount: $1,050,000
Previous Mortgage Term: 360
Previous Mortgage Loan Type: Commercial

Redact Ownership Info

Comparables

6082 West 18th Street

Active

Other

Loft

7,488 ft²

$588/ft²

$4,399,999 Oct 17, 2023

6115 Orange Street

Active

Multifamily

2 Beds

3 Baths

9,634 ft²

$436/ft²

$4,200,000 Oct 28, 2023

About Central LA

Stats & Trends

Median Asking:

$1,475,000

Sale Price/ft²

$822

Below Asking

0.02%

Average Days on Market

Average Home Size

2397 ft²

Average Home Age

51.6 years

Currently For Sale

462 Listings

Similar Homes for Sale

Unit for sale at 6115 Orange Street, Los Angeles, CA 90048

$4,200,000

2 Beds
3 Baths
9,634 ft²

6115 Orange Street, Los Angeles, CA 90048 Listing by Michael Tootikian

Unit for sale at 6082 West 18th Street, Los Angeles, CA 90035

$4,399,999

Loft
7,488 ft²

6082 West 18th Street, Los Angeles, CA 90035 Listing by Horace Davenport

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Unit for rent at 3154 Curts Ave, LOS ANGELES, CA, 90034

$7,950 /mo

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2.5 Baths
1,550 ft²

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Unit for rent at 9407 Sawyer St, Los Angeles, CA, 90035

$9,800 /mo

4 Beds
3.5 Baths
3,000 ft²

9407 Sawyer St, Los Angeles, CA, 90035 Listing by Jeremy Ives

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1550 S Fairfax Ave

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Ownership

Neighborhood

Zoning

Geography

Valuation

Comparables

About Central LA

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions