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2732 Fairmount St Los Angeles, CA 90033

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For Sale
$1,299,000

Apartment buildings

Lot size:
0.13 Acres

Property Features for 2732 Fairmount St

General Information

Standard status
Active
Zoning
Assessor
Lot size
0.13 Acres

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Listing Contact
Danny Navarro
Source: Crexi

Listing Agency: Century 21 Allstars Listing Agent: Danny Navarro

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

One of the Five Units will be vacant Close of Escrow! 6.54% Cap Rate $91,680 / annually income. One of the best in Los Angeles County! 2432 Fairmount St is a meticulously remodeled 5 Unit Apartment in the heart of Los Angeles. Boasting an excellent unit mix with (4) 1-Bed/1-Bath, (1) 2-Bed/1-Bath units, each unit has had some upgrades.The offering comes with endless opportunity, room to add ADU's. This offering presents an investor the opportunity to acquire a fully tenant-ready Asset in Boyle Heights operating at a 6.54% Cap Rate and 15.24 GRM. This turn-key apartment is fit for any investor to add a cash cow to their apartment portfolio. Boyle Heights is a quickly growing neighborhood in Los Angeles adjacent to Downtown Los Angeles. A vibrant and culturally diverse neighborhood known for its rich history, tight-knit community, and eclectic mix of cuisines, Boyle Heights offers a dynamic blend of residential charm, thriving local businesses, and a vibrant arts scene. With a close proximity to the train line stop and walking distance to Hollenbeck Park, and restaurants, bars and nightlife.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

Location Insight

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City
Los Angeles
County
Los Angeles
State
California
Longitude
-118.19966
Latitude
34.05001

FAQs

Where is this apartment building located?
The property is located at 2732 Fairmount St 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: - 6.54% Cap Rate and $91,680 annual income.; - One unit will be vacant at close of escrow.; - Meticulously remodeled 5-unit apartment building.
More about this property
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