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    2432 Fairmount St Los Angeles, CA 90033

    For Sale
    $1,349,999

    Apartment - Los Angeles, CA

    Type:Apartment
    Property size:
    3,000 SF
    Lot size:
    5,843.00 Acres
    Days on Market:
    287
    Last Refresh:
    Dec 12 at 8:06 pm

    Property Features for 2432 Fairmount St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    LARD1.5
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    5
    APN
    5177018023
    Parking
    8
    Exterior features
    Community Features Included: Street Lights, Front Yard
    Size
    3,000 SF
    Lot size
    5,843.00 Acres

    Building Details

    Year built
    1938
    Floors in Building
    2
    Number of units
    5
    Architectural style
    Other

    Century 21 Allstars (562) 205-3504 [email protected]

    Listing agent Danny Navarro (562) 863-2121 License #01938421

    Listing date Mar 1, 2025

    MLS# DW25045422 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Los Angeles Apartment Building

    Located in the heart of Los Angeles, this meticulously remodeled 5-unit apartment building at 2432 Fairmount St features an excellent unit mix of four 1-bed/1-bath units and one 2-bed/1-bath unit. Each unit has been upgraded. The property is located in Boyle Heights, a quickly growing and culturally diverse neighborhood adjacent to Downtown Los Angeles, known for its rich history, tight-knit community, and eclectic mix of cuisines. The property is in close proximity to the train line stop and walking distance to Hollenbeck Park, restaurants, bars and nightlife. The property has a 6.54% cap rate, generating $91,680 annually. The lot size is 0.13413682277318642 acres with a living area of 3000 square feet. The zoning is LARD1.5. There is room to add ADU's. The property presents an investor the opportunity to acquire a fully tenant-ready asset operating at a 6.54% Cap Rate and 15.24 GRM. One of the five units will be vacant at the close of escrow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2035
    Latitude
    34.05141

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    FAQs

    What type of property is this?
    Apartment building - Remodeled 5-unit apartment building in Los Angeles with high cap rate.
    Where is this apartment building located?
    The property is located at 2432 Fairmount St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,349,999.
    What are key features of this property?
    This property features: - Meticulously remodeled 5-unit apartment building.; - Excellent unit mix: (4) 1-Bed/1-Bath, (1) 2-Bed/1-Bath.; - 6.54% Cap Rate and $91,680 annual income.
    (562) 863-2121
    Request Owner's contact information
    2432 Fairmount St Los Angeles, CA 90033
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    Los Angeles, CA 90033
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2432 Fairmount St Los Angeles, CA 90033
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