3132 Fairmount Street

Los Angeles, CA 90063

$599,000
Price
—
Beds
1,824 Sq. Ft.
$328 / Sq. Ft.
1,824
Sq. Ft.
$328
per Sq. Ft.

Description

Welcome to an exceptional investment opportunity in the vibrant community of Boyle Heights! This two-unit property boasts the perfect blend of comfort, convenience, and potential for savvy investors. Nestled within this sought-after neighborhood, the front house presents a welcoming porch and generous living spaces. With three bedrooms and one bath, it provides ample room for residents to spread out and relax. Entertain effortlessly in the spacious living room and dining area, while the convenient...Welcome to an exceptional investment opportunity in the vibrant community of Boyle Heights! This two-unit property boasts the perfect blend of comfort, convenience, and potential for savvy investors. Nestled within this sought-after neighborhood, the front house presents a welcoming porch and generous living spaces. With three bedrooms and one bath, it provides ample room for residents to spread out and relax. Entertain effortlessly in the spacious living room and dining area, while the convenient laundry area adds practicality to everyday living. The back unit offers a unique layout spread across two stories. Featuring two bedrooms and 1.5 baths, this unit provides comfort and privacy. The attached one-car garage with laundry hookups ensures convenience, while a separate yard off the kitchen area offers a tranquil retreat. Practicality meets versatility with a long driveway providing tandem parking, catering to the needs of multiple tenants. Currently occupied by long-term tenants, each paying $870 per month for a combined monthly income of $1,740. This property presents significant upside for value enhancement. Whether through minor updates or strategic renovations, there's ample opportunity to maximize returns and elevate its appeal. Seize the opportunity to diversify your investment portfolio and secure a foothold in this dynamic market. With its prime location, untapped potential, this property is primed to become a cornerstone of your investment strategy. Don't miss out on the chance to own a piece of Boyle Heights real estate!

Property Details for 3132 Fairmount Street

Architectural Style
Traditional
Subdivision Name
Not Applicable
Garage Spaces
1.00
View
None

Location

Listing Courtesy of Berkshire Hathaway HomeServices California Properties, Hilda Hernandez, DRE #01218052; Berkshire Hathaway HomeServices California Properties, Lawrence Beck, DRE #01703996
Add your commute
LISTING UPDATED: 05/02/2024 04:03 AM

Property Details for 3132 Fairmount Street

StatusActive
MLS #P1-17454
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1966
Lot Size0.12 AC / 5,201 SF
CountyLos Angeles County

Location

Listing Courtesy of Berkshire Hathaway HomeServices California Properties, Hilda Hernandez, DRE #01218052; Berkshire Hathaway HomeServices California Properties, Lawrence Beck, DRE #01703996
Add your commute

Building Information for 3132 Fairmount Street

Stories2Residences-Year Built1966Building Size-Lot Size0.12 AC / 5,201 SF

Payment Calculator

$3,761 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,269

Property Taxes

$492

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3132 Fairmount Street

Summary
Location and General Information
  • Building Area Total: 1,824.00
  • Community Features: Curbs
  • City: Los Angeles
  • Country: US
  • Directions: South of Wabash, North of Cesar Chavez, East of Evergreen.
  • Area: BOYH - Boyle Heights
  • Postal Code Plus4: 2710
  • Unparsed Address: 3132 Fairmount Street, Los Angeles, CA 90063
Parking
  • Parking Features: Garage - Single Door, Driveway
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Other Annual Assessment Amount: $348.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Acres: .12
  • Lot Size Square Feet: 5,201.00
  • Lot Size Area: 5,201.00
  • Lot Size Units: Square Feet
  • Parcel Number: 5178005009
  • Property Type: Residential Income
  • Property Sub Type: Duplex
Property and Assessments
  • Common Walls: No Common Walls
  • Documents Count: 0
  • Entry Location: Living room
  • Property Attached: No
  • Year Built Source: Assessor
  • Senior Community: No
Utilities
  • Cooling: None
  • Cooling: No
  • Sewer: Unknown
  • Water Sewer Expense: $.00
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Slab, Raised
  • Pool Features: None
  • Pool Private: No
  • Roof: Composition
  • Spa Features: None
  • Spa: No
  • Stories Total: 2
Interior Features
  • Appliances: None
  • Total Bathrooms: 0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Heating: Wall Furnace
  • Heating: Yes
  • Laundry Features: In Garage, Individual Room
  • Living Area: 1,824.00
  • View: No
  • Levels: One, Two
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $20,880.00
  • Net Operating Income: $.00
  • Electric Expense: $.00
  • Insurance Expense: $.00
  • Number Of Buildings: 2
  • Operating Expense: $.00
  • Special Listing Conditions: Third Party Approval
  • Trash Expense: $.00

Property History for 3132 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 3132 Fairmount Street

Taxable ValueLand$275,242Additions$187,630Total$462,872
Tax Record2023$5,900 ($492 / month)
Home Facts
Total Finished SqFt1,824 SqFtAbove Grade Finished SqFt1,824 SqFtLot Size5,201 SqFtStyleDuplexYear Built1966ZoningLAR2CountyLOS ANGELESAPN5178-005-009

Schools near 3132 Fairmount Street

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

Alliance College-Ready Middle Academy 8
Charter6 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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3132 Fairmount Street is a multi-family home for sale in Los Angeles, CA 90063. This property was listed for sale on May 1, 2024 by Berkshire Hathaway HomeServices California Properties, it's currently listed at $599,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Malabar Street Elementary School, Alliance College-Ready Middle Academy 8 and East Los Angeles Renaissance Academy At Esteban E. Torres High No. 2. 3132 Fairmount Street is a 0-bed, 0-bath, 1,824 sqft multi-family home built in 1966.

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 Berkshire Hathaway HomeServices California Properties, Hilda Hernandez, DRE #01218052; Berkshire Hathaway HomeServices California Properties, Lawrence Beck, DRE #01703996

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.