2432 Fairmount ST, Los Angeles, CA 90033
2432 Fairmount ST, Los Angeles, CA 90033
2432 Fairmount ST, Los Angeles, CA 90033
2432 Fairmount ST, Los Angeles, CA 90033
2432 Fairmount ST, Los Angeles, CA 90033
2432 Fairmount ST, Los Angeles, CA 90033
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 1,299,000
Est. payment | /mo

5,841 Sqft Lot

Save
$ 1,299,000
Est. payment | /mo
Save

5,841 Sqft Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW25045422

HOA Y/N No

Year Built 1938

Lot Size 5,841 Sqft

Property Sub-Type Apartment

Property Description

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

State CA

County Los Angeles

Area Boyh - Boyle Heights

Zoning LARD1.5

Interior

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Street Lights

Total Parking Spaces 8

Private Pool No

Building

Lot Description Front Yard

Story 2

Entry Level One,Two

Sewer Public Sewer

Water Public

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 5177018023

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Danny Navarro Century 21 Allstars 949-903-6633, DRE #01938421

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
$
$
%
%
$ /year
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!
Full Name
Phone

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

GET IN TOUCH

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.