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3172 Fairmount Street
Los Angeles, CA 90063
Sold
3172 Fairmount Street
Los Angeles, CA 90063
Sold
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 | 444 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
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $853
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
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.
