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Four-Unit Apartment Building
For Sale
$1,049,500

2441 Fairmount, Los Angeles, CA 90033

R3-1-CUGU-zoned property with alley access, a flexible unit mix, and one recently updated two-bedroom unit currently vacant.

Property Size5,822 SF
Lot Size0.16 Acres
Days on Market89

Property Features for 2441 Fairmount

General Information

Standard status Active
Size 5,822 SF
Lot size 0.16 Acres
Property subtype MULTI_FAMILY
Zoning R3-1-CUGU

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 1 x 3BR/1BA, 2 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units 4

Building Details

Building Size 5,822 SF
Year Built 1930
Buildings 1
Listing Agency: Pinnacle Real Estate Group
Listed By: Xiao Liao · License #01305413
Source: Milsteinestates
Added: Jun 15 Changed: Sep 10 Last Checked: Sep 7 at 5:34AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Real Estate Group

Investment Insights

Based on property information with market context.

This four-unit apartment property at 2441 Fairmount in Los Angeles was built in 1930 and offers a varied residential configuration. The unit mix includes one three-bedroom, one-bath residence; two two-bedroom, one-bath residences; and one two-bedroom, two-bath residence. One two-bedroom unit is vacant and has updated interiors, laminate flooring, quartz kitchen countertops, refreshed cabinetry, an updated bathroom vanity with dual sinks, and ceiling fans. Two units have received upgrades.

The 7,003-square-foot lot is zoned R3-1-CUGU and includes alley access. The site may offer the possibility of adding an ADU, subject to applicable requirements. The property is positioned near the 5, 10, 60, and 710 freeways, as well as Cal State University Los Angeles, Downtown Los Angeles, Pasadena, and the San Gabriel Valley. Walk Score is 91, Bike Score is 67, and Transit Score is 67.

Key Highlights

  • Four‑unit building with one 3‑bedroom and three 2‑bedroom residences
  • Unit mix includes two 2‑bedroom, 1‑bath units and one 2‑bedroom, 2‑bath unit
  • Vacant 2‑bedroom unit with updated interiors, quartz countertops, and laminate flooring

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Acupuncture Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,952
Businesses Nearby

Demographics for 90033, CA

46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - R3-1-CUGU-zoned property with alley access, a flexible unit mix, and one recently updated two-bedroom unit currently vacant.
Where is this quadplex located?
The property is located at 2441 Fairmount Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,049,500.
What are key features of this property?
This property features: Four‑unit building with one 3‑bedroom and three 2‑bedroom residences; Unit mix includes two 2‑bedroom, 1‑bath units and one 2‑bedroom, 2‑bath unit; Vacant 2‑bedroom unit with updated interiors, quartz countertops, and laminate flooring
More about this property
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