3172 Fairmount Street Los Angeles, CA ^$ 799,888

3172 Fairmount Street

^$ 799,888

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3172 Fairmount Street

Los Angeles, CA, 90063

^$ 799,888

Bedrooms5 Baths3.0 Sq 2,184

Monthly Estimate*

^$ 5,587

Listed by EXP REALTY OF CALIFORNIA INC

3172 Fairmount Street, Los Angeles, CA 90063 - Image 1

3172 Fairmount Street, Los Angeles, CA 90063 - Image 2

3172 Fairmount Street, Los Angeles, CA 90063 - Image 3

3172 Fairmount Street, Los Angeles, CA 90063 - Image 4

3172 Fairmount Street, Los Angeles, CA 90063 - Image 5

3172 Fairmount Street, Los Angeles, CA 90063 - Image 6

3172 Fairmount Street, Los Angeles, CA 90063 - Image 7

3172 Fairmount Street, Los Angeles, CA 90063 - Image 8

3172 Fairmount Street, Los Angeles, CA 90063 - Image 9

3172 Fairmount Street, Los Angeles, CA 90063 - Image 10

3172 Fairmount Street, Los Angeles, CA 90063 - Image 11

3172 Fairmount Street, Los Angeles, CA 90063 - Image 12

3172 Fairmount Street, Los Angeles, CA 90063 - Image 13

3172 Fairmount Street, Los Angeles, CA 90063 - Image 14

3172 Fairmount Street, Los Angeles, CA 90063 - Image 15

3172 Fairmount Street, Los Angeles, CA 90063 - Image 16

Multi-Family Home for sale in Los Angeles, CA

for $799,888 with 5 bedrooms and 3 full baths. This 2,184 square foot home was built in 1953 on a lot size of 0.1102.

Close to so many Hot spots in Los Angeles, this Fully Occupied Triplex with a Highly Desirable CAP RATE of 5.675% nests at the Top of a Hill with a view of Downtown Los Angeles and the Hollywood sign. West City Terrace/North Boyle Heights/below i10 freeway in a gem of a neighborhood. This INCOME INVESTMENT OFFERS 3 fully occupied units. There is a bonus unoccupied basement below the house that used to be a **4th Unit and can possibly be converted back to (4 UNITS). This **TWO ON A LOT** TRIPLEX ** generates a Gross Scheduled income of $59,400.00 and has a NOI (NET OPERATING INCOME) of $45,400.00 with expenses that include Water $2,100, Insurance $1,900, and New Taxes totaling( $10,000) = $14,000 EXPENSES ) BENEFITS of SECTION 8: Guaranteed Payments, Lower Vacancy Rates, Steady Income, Long-Term Stability. PAID ON TIME. 5 BED | 3 BATHS ON Title. 2 Beds in main house, 2, 1 bed 1 baths in duplex each unit has washer dryer hookup.

Multi-Family Pending

Price

^$ 799,888

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Modern,Spanish

Lot Size

0.1102

Year Built

1953

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

CV24048715

Days on Market

Features

General

Interior Features AllBedroomsUp AllBedroomsDown

Sewer PublicSewer

Heating WallFurnace

Cooling CentralAir

Possession SeeRemarks

Zoning LAR2

HOA 0.0

Garage Spaces 0.0

Architectural Style Modern Spanish

Pool Features None

Year Built 1953

Tenant Pays Electricity Gas

View CityLights Hills

Property SubType Triplex

Gross Income 59400.0

Community Features Curbs Sidewalks Urban

County Los Angeles

Net Operating Income 45400.0

Operating Expense 14000.0

Insurance Expense 1900.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency Do not disturb Tenants Fully Occupied. Tenants are on Section 8.

Garage Y/N N

Other Structures TwoOnALot

Special Listing Conditions Standard

Status Pending

Directions Near Ceaser E. Chavez Ave & Gage on the corner of Fairmont & N Fresno

City Los Angeles

Entry Location Front

View Y/N Y

Senior Community Y/N N

Open Parking Spaces 7.0

Total Units 3

MLS Area BOYH - Boyle Heights

Lot Size Square Feet 4800.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 3

Street Name Fairmount

Listing Terms Cash Conventional Contract Item1031Exchange FannieMae OwnerMayCarry

Property Attached Y/N Y

Land Lease Y/N N

Home Warranty Y/N N

Current Financing None

Trash Expense 0.0

Water Sewer Expense 2100.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 10

Building Area Units SquareFeet

Standard Status Pending

Year Built Source PublicRecords

Tax Lot 13

Total Actual Rent 4950.0

Property Sub Type Additional Triplex

Taxes 10000.0

Cap Rate 5.6

Interior

Flooring Carpet

Fireplace Features None

Total Stories 2

Common Walls Item1CommonWall EndUnit NoOneAbove

Basement (Y/N) Y

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Street

Laundry Features WasherHookup ElectricDryerHookup GasDryerHookup

Entry Level 2

Electric On Property Y/N N

Exterior

Parking Features Driveway

Lot Features Item01UnitAcre

Water Source Public

Total Parking 7.0

Lot Size Area 4800.0

Number of Buildings 2

Spa N

Building Area Total 2184.0

Lot Size Acres 0.1102

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 3

Number of Separate Electric Meters 3

Road Frontage Type CityStreet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 3172

* Excluded Features

List By

Exp Realty Of California Inc

Broker

(949) 306-4999

Phone

Affordability Calculator

$5,587

Per Month

Monthly Principal & Interest: $5,587
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,999,871

Percent of Sale Price 150%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/11/2024	$799,888		Listed Price

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3172 Fairmount Street, Los Angeles, CA, 90063 is a Multi-Family Home for sale at $799,888 with 2,184 sqft and a lot size of 0.1102. 3172 Fairmount Street has 5 bedrooms, 3.0 baths, and was built in 1953. The property's zip code is 90063 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/29/2024. 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.

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3172 Fairmount Street

Multi-Family Home for sale in Los Angeles, CA

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