3172 Fairmount Street,

Home For Sale

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.

Property Details

3172 Fairmount StreetLot Size: 0.11Bedrooms: 5Price: $799,888Zip: 90063
MLS® #: CV24048715Neighborhood: West City Terrace/ N Boyle HeightsCommunity: West City Terrace/ N Boyle HeightsSchool District: Days on Market: 10Listed By: Steven Pacheco, EXP REALTY OF CALIFORNIA INC

Sales Agent

Beach Cities Real Estate
  • Beach Cities Real Estate
  • Phone: (888) 990-7111
  • Cell: (888) 990-7111
  • Contact Agent Now

Mortgage Calculator

  • (In Dollars)
  • %
  • years
  • %

  • Show me the calculations and amortization.

Additional Information

  • County:
    Los Angeles
  • Zip:
    90063
  • MLS® #:
    CV24048715
  • Bedrooms:
    5
  • Lot Size:
    0.11
  • Neighborhood:
    LOS ANGELES (90063)
Back to Search Results

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS®, Inc.

Listing information last updated on May 4th, 2024 at 12:15am PDT.