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3172 Fairmount Street

Los Angeles, CA 90063

$825,000 Sale Price
Est. Payment: $ 0/mo
4
Bed
0
Bath
2,184 Sq. Ft.
$366 / Sq. Ft.
Sold

3172 Fairmount Street

Los Angeles, CA 90063

Sold
$825,000 Sale Price
$0/mo
4
Bed
0
Bath
2,184
Sq. Ft.
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.
PROPERTY INFORMATION
MLS # CV24048715 Lot Size 4,800 Sq. Ft.
HOA Fees $0/Monthly Property Type Triplex
Price $ 799,888
Price Per SqFt: $ 366
DOM 420 Days
Address 3172 Fairmount Street Type Residential Income
City Los Angeles Sq.Ft. 2,184 Sq. Ft.
Postal Code 90063 Garage N/A
County Los Angeles Year Built 1953
Bed / Bath 4 / 0 Parking 7
Built In 1953 Status Closed
Sold Date 2024-05-07
INTERIOR FEATURES
Has Laundry Yes
Laundry Information Gas & Electric Dryer Hookup, Washer Hookup
Has Fireplace No
Fireplace Information None
Has Heating Yes
Heating Information Wall Furnace
Room Information All Bedrooms Down, All Bedrooms Up, Basement
Has Cooling Yes
Cooling Information Central Air
Flooring Information Carpet
EntryLocation Front
Entry Level 2
EXTERIOR FEATURES
Has Pool No
Pool None
WALKSCORE
  Walk Score: 74 (Very Walkable)
  Transit Score: 52 (Good Transit)
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $853
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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PRICE HISTORY
Date Event Price
03/11/2024 Listed $799,888
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Listing provided courtesy of Steven Pacheco, EXP REALTY OF CALIFORNIA INC. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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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