23
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$1,349,999
Est. payment /mo
3,000 SqFt
Active
2432 Fairmount Street Los Angeles, CA 90033
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Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $449
MLS Listing ID DW-25045422
Year Built 1938
Lot Size 5,843 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
One of the Five Units will be vacant Close of Escrow! 6.54% Cap Rate $91,680 / annually income. One of the best in Los Angeles County! 2432 Fairmount St is a meticulously remodeled 5 Unit Apartment in the heart of Los Angeles. Boasting an excellent unit mix with (4) 1-Bed/1-Bath, (1) 2-Bed/1-Bath units, each unit has had some upgrades.The offering comes with endless opportunity, room to add ADU's. This offering presents an investor the opportunity to acquire a fully tenant-ready Asset in Boyle Heights operating at a 6.54% Cap Rate and 15.24 GRM. This turn-key apartment is fit for any investor to add a cash cow to their apartment portfolio. Boyle Heights is a quickly growing neighborhood in Los Angeles adjacent to Downtown Los Angeles. A vibrant and culturally diverse neighborhood known for its rich history, tight-knit community, and eclectic mix of cuisines, Boyle Heights offers a dynamic blend of residential charm, thriving local businesses, and a vibrant arts scene. With a close proximity to the train line stop and walking distance to Hollenbeck Park, and restaurants, bars and nightlife.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LARD1.5
Interior
Laundry Inside
Exterior
Pool None
Community Features Street Lights
Building
Lot Description Front Yard
Sewer Public Sewer
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