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3172 Fairmount Street, Los Angeles, CA 90063
$825,000
3172 Fairmount Street, Los Angeles, CA 90063View this property at 3172 Fairmount Street, Los Angeles, CA 90063
3172 Fairmount StreetLos AngelesCA90063
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Property Description
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.
Full Property Details
Full Property Details for 3172 Fairmount St
General
- Sold For: $825,000
- Status: Closed
- Type: Multi-Family
- MLS ID: CV24048715
- Added to Site: 82 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Down, All Bedrooms Up, Basement
- Fireplace(s): None
- Flooring: Carpet
Rooms
Other Rooms
- Laundry: Gas & Electric Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
Parking
- Parking Features: Driveway
- Parking: Driveway
Location
- Area: BOYH - Boyle Heights
- County: Los Angeles
- Development Name: BOYH - Boyle Heights
- Driving Directions: Near Ceaser E. Chavez Ave & Gage on the corner of Fairmont & N Fresno
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 3
- # Electric Meters: 3
Structural Information
- Architectural Style: Modern, Spanish
- Entry Location: Front
- Square Feet: 2,184
- Year Built: 1953
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 3
Additional Structures
- Other Structures: Two on a Lot
Lot Features
- Property View: City Lights, Hills
- Lot Size (Acres): 0.1102
- Lot Size Source: Assessor
- Zoning: LAR2
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $377.75
- Price Per Unit: 266629
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed and Sold by Exp Realty Of California Inc, Steven Pacheco
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Schools
Schools serving 3172 Fairmount St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
3200 Malabar St, Los Angeles, CA 90063 | K-6 | 0.2 mi | |
312 N Record Ave, Los Angeles, CA 90023 | 6-8 | 0.8 mi | |
319 N Humphreys Ave, Los Angeles, CA 90022 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3172 Fairmount St
Date
Details
Price
Change
Source
5/07/2024
Sold
$825,000
3.14%
MLS
3/11/2024
Listed
$799,888
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3172 Fairmount Street, Los Angeles, CA 90063 (MLS# CV24048715) is a Multi-Family property that was sold at $825,000 on May 07, 2024. Want to learn more about 3172 Fairmount Street? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.