2432 Fairmount Street Los Angeles, CA 90033
Apartment - Los Angeles, CA
Type:Apartment
Property size:
3,000 SFLot size:
5,843.00 AcresPrice / SF:
$433/SF- Added:
- Mar 1, 2025
- Days on Market:
- 423
- Last Refresh:
- Apr 28 at 11:06 am
Property Features for 2432 Fairmount Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- LARD1.5
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 8
- Exterior features
- Community Features Included: Street Lights, Front Yard
- Standard status
- Active
- APN
- 5177018023
- 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
Listing agent Danny Navarro License #01938421 (949) 903-6633
Listing office Century 21 Allstars 9155 Telegraph Rd, Pico Rivera, CA (562) 863-2121
Listing date Mar 1, 2025
MLS# DW25045422
Listing URL
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Overview
Remodeled Los Angeles Apartment Building
Located in the heart of Los Angeles, this meticulously remodeled 5-unit apartment building features an excellent unit mix consisting 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 neighborhood offers a dynamic blend of residential charm, thriving local businesses, and a vibrant arts scene. The property is in close proximity to the train line stop and walking distance to Hollenbeck Park, restaurants, bars and nightlife. The property, situated on a lot of 0.13413682277318642 acres, offers the opportunity to add ADU's. The building has a total size of 3000 square feet. The zoning is LARD1.5. One of the five units will be vacant at the close of escrow. The property operates at a 6.54% Cap Rate and 15.24 GRM, generating an annual income of $91,680. This turn-key apartment is suitable for investors looking to add a cash cow to their apartment portfolio.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.2035
- Latitude
- 34.05141
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Meticulously remodeled 5-unit apartment building in Los Angeles.
Where is this apartment building located?
The property is located at 2432 Fairmount Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,299,000.
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.
