2511 Fairmount Street

Los Angeles, CA 90033

$799,999
Price
6
Beds
3
Baths
2,125 Sq. Ft.
$376 / Sq. Ft.
2,125
Sq. Ft.
$376
per Sq. Ft.

Description

Welcome to 2511 Fairmount St, a fantastic investment opportunity (ZONED R1.5) nestled in the heart of Boyle Heights (Los Angeles, California). This property consists of two units, each featuring three bedrooms, providing ample space and versatility for tenants or homeowners alike. Unit 2511 - offers a spacious layout with three bedrooms perfect for a growing family or group of roommates. The bright and airy living spaces provide plenty of room for relaxation and entertainment, while the well-appointed...Welcome to 2511 Fairmount St, a fantastic investment opportunity (ZONED R1.5) nestled in the heart of Boyle Heights (Los Angeles, California). This property consists of two units, each featuring three bedrooms, providing ample space and versatility for tenants or homeowners alike. Unit 2511 - offers a spacious layout with three bedrooms perfect for a growing family or group of roommates. The bright and airy living spaces provide plenty of room for relaxation and entertainment, while the well-appointed kitchen is ideal for preparing delicious meals. Unit 2513 - Rear unit mirrors the layout of Unit 1, offering three bedrooms and 1 1/2 bathrooms, providing a comfortable and inviting living environment. Whether you choose to rent out both units for passive income or live in one while renting out the other, this property offers flexibility and potential. Outside, a private yard offers space for outdoor activities, gardening, or simply enjoying the California sunshine. Additionally, ample parking is available, providing convenience for residents and guests alike. Located in a vibrant neighborhood, this property is surrounded by a wealth of amenities, including shopping, dining, parks, and schools. Easy access to major highways and public transportation makes commuting a breeze, offering convenience for residents and potential tenants. Whether you're an investor looking for a lucrative rental property or a homeowner seeking a multi-generational living setup. Don't miss out on this rare opportunity to own a property with two spacious units in one of Los Angeles' most sought-after neighborhoods of Boyle Heights!
  1. Listed by Anabella Jimenez • DRE #01384351 • Brokerage DRE #01525011 • Century 21 Realty Masters • 323-304-5760

Property Details for 2511 Fairmount Street

Parking Spaces Total
1
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2125
Assessor Parcel Number
5177-014-023
Property Attached YN
false

Location

Listing Courtesy of Century 21 Realty Masters, Anabella Jimenez, DRE #01384351
Add your commute
LISTING UPDATED: 05/14/2024 04:57 AM

Property Details for 2511 Fairmount Street

StatusActive Under Contract
MLS #DW24085552
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.16 AC / 7,007 SF
CountyLos Angeles County

Location

Listing Courtesy of Century 21 Realty Masters, Anabella Jimenez, DRE #01384351
Add your commute

Building Information for 2511 Fairmount Street

Stories1Residences-Year Built1966Building Size-Lot Size0.16 AC / 7,007 SF

Payment Calculator

$4,899 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,366

Property Taxes

$533

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2511 Fairmount Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: 2
  • Tax Tract Number: 0
  • Tax Census Tract: 2037.10
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 20
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside, See Remarks
Exterior Features
  • Entry Location: STREET
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 0
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0

Property History for 2511 Fairmount Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2511 Fairmount Street

Taxable ValueLand$341,347Additions$153,604Total$494,951
Tax Record2023$6,390 ($533 / month)
Home Facts
Total Finished SqFt2,125 SqFtAbove Grade Finished SqFt2,125 SqFtLot Size7,005 SqFtStyleDuplexYear Built1966ZoningLARD1.5CountyLOS ANGELESAPN5177-014-023

Schools near 2511 Fairmount Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Evergreen Avenue Elementary School
PublicK to 6

Extera Public Schools
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Realty Masters, Anabella Jimenez, DRE #01384351

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.