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3156 Fairmount St

Los Angeles, CA 90063
  • $499,000
  • STATUS: Pending
  • ON SITE: 128 days
  • MLS #: 21-690086
Pending
$499,000
  • 5
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,775
    SQFT
  • $281
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

PRICE REDUCED $51,000 FOR A QUICK SALE! We are pleased to present for sale 2 units in a Desirable Boyle Heights Location. This is the first time the property has been offered for sale in over 25 Years. The units are comprised of spacious single story 2 and 3 bedroom units. Rents are currently well below market level and have about +/- 120% of Rental Upside potential. The property falls within a block from the famous "El Tepeyac Restaurant Cafe" on North Evergreen Avenue, Situated East of East Cesar Chavez Avenue and Adjacent to Downtown Los Angeles. Tenants enjoy the Close Vicinity to Shops & Restaurants on East Cesar Chavez Avenue and a short drive from the 5, 10 and 101 Freeways commuting to and from work. Sellers intend to complete a 1031 Exchange at no cost or delay to the Buyer. Rents stated are actual and below market rate. Property has Deferred Maintenance. *OFFERS BEING SUBMITTED should be either cash or via hard money loan.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-16T23:42:40.65. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/114060420
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3156 Fairmount St Los Angeles, CA 90063

  • Price: $499,000
  • Status: Pending
  • MLS #: 21-690086
5
Beds
0
Baths
0
½ Baths
0.12
Acres
1,775
SQFT
$281
$/SQFT
1950
Built
Neighborhood:
Boyle Heights
County:
Los Angeles
Area:
Boyle Heights
Property Description
PRICE REDUCED $51,000 FOR A QUICK SALE! We are pleased to present for sale 2 units in a Desirable Boyle Heights Location. This is the first time the property has been offered for sale in over 25 Years. The units are comprised of spacious single story 2 and 3 bedroom units. Rents are currently well below market level and have about +/- 120% of Rental Upside potential. The property falls within a block from the famous "El Tepeyac Restaurant Cafe" on North Evergreen Avenue, Situated East of East Cesar Chavez Avenue and Adjacent to Downtown Los Angeles. Tenants enjoy the Close Vicinity to Shops & Restaurants on East Cesar Chavez Avenue and a short drive from the 5, 10 and 101 Freeways commuting to and from work. Sellers intend to complete a 1031 Exchange at no cost or delay to the Buyer. Rents stated are actual and below market rate. Property has Deferred Maintenance. *OFFERS BEING SUBMITTED should be either cash or via hard money loan.
Exterior Features

Garage Structures Total 1 Lot Size Area 5200 Other Structures None Parking Garage GarageDriveway Total Parking 3

Interior Features

Baths Total 2.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 49585 Gross Income 21480 Gross Operating Income 20836 Like Units1 1 Like Units2 1 Net Operating Income 9417.00 Number Of Buildings 1 Number Of Units 2 Property Condition Repairs MajorRepair Cosmetic Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 11418 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lar2

Listing provided courtesy of Shant Sherbetdjian DRE#01713570 of Remax Commercial And Investment Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-16T23:42:40.65. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210