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3132 Fairmount St, Los Angeles, CA 90063

Sale Price: $599,000
May 1, 20241,824 sqft4 beds0 baths
Listed by: Hilda Hernandez
License #: 01218052
Phone #: (626) 536-1485
Berkshire Hathaway Home Servic
Source:
CRMLS Logo
MLS #: P1-17454

Property Description

Welcome to an exceptional investment opportunity in the vibrant community of Boyle Heights! This two-unit property boasts the perfect blend of comfort, convenience, and potential for savvy investors. Nestled within this sought-after neighborhood, the front house presents a welcoming porch and generous living spaces. With three bedrooms and one bath, it provides ample room for residents to spread out and relax. Entertain effortlessly in the spacious living room and dining area, while the convenient laundry area adds practicality to everyday living. The back unit offers a unique layout spread across two stories. Featuring two bedrooms and 1.5 baths, this unit provides comfort and privacy. The attached one-car garage with laundry hookups ensures convenience, while a separate yard off the kitchen area offers a tranquil retreat. Practicality meets versatility with a long driveway providing tandem parking, catering to the needs of multiple tenants. Currently occupied by long-term tenants, each paying $870 per month for a combined monthly income of $1,740. This property presents significant upside for value enhancement. Whether through minor updates or strategic renovations, there's ample opportunity to maximize returns and elevate its appeal. Seize the opportunity to diversify your investment portfolio and secure a foothold in this dynamic market. With its prime location, untapped potential, this property is primed to become a cornerstone of your investment strategy. Don't miss out on the chance to own a piece of Boyle Heights real estate!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$10,773

TurboHome Estimated Value

$658,600

$361 sqft

High Valuation
$691,530
$379/sqft
Normal Valuation
$658,600
$361/sqft
Low Valuation
$625,670
$343/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$361/sqft$658,600

Neighborhood: Boyle Heights

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Comparative Value

$599K

$650K

3132 Fairmount St, Los Angeles, CA 90063

List Price: $599,000

Subject Property

3132 Fairmount St, Los Angeles, CA 90063

Sale Price: $599,000

Selected Comparable

2829 Guirado St, Los Angeles, CA 90023

Sale Price: $600,000

Selected Comparable

1539 Tremont St, Los Angeles, CA 90033

Sale Price: $650,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
3132 Fairmount St, Los Angeles, CA 90063

3132 Fairmount St, Los Angeles, CA 90063

List: $599,000

Listed: 5/1/2024

Area:1,824 sqft
Price/sqft:$328
Beds:4
Baths:
Year Built:
Lot Size:5,201

Comparable Properties

COMPARABLE
Choose comps
3132 Fairmount St, Los Angeles, CA 90063

3132 Fairmount St, Los Angeles, CA 90063

Sale: $599,000

10/14/20240.00 mi

Area:1,824 sqft
Price/sqft:$328
Beds:4
Baths:
Year Built:
Weight:49.2%
1539 Tremont St, Los Angeles, CA 90033

1539 Tremont St, Los Angeles, CA 90033

Sale: $650,000

9/19/20240.92 mi

Area:1,924 sqft
Price/sqft:$338
Beds:3
Baths:1
Year Built:
Weight:28.6%
2829 Guirado St, Los Angeles, CA 90023

2829 Guirado St, Los Angeles, CA 90023

Sale: $600,000

10/16/20241.26 mi

Area:1,408 sqft
Price/sqft:$426
Beds:3
Baths:1
Year Built:
Weight:22.3%

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