2441 Fairmount, Los Angeles, CA 90033

$1,100,000

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List Price
$1,100,000
Price Change
▼ $50,000 1785195785
Status
ACTIVE
MLS#
TR26130190
Year Built
1930
Lot Size
7,005
Acres
0.16
Lot Location
0-1 Unit/Acre
Days on Market
45
Property Type
Multifamily
Property Sub Type
Quadruplex

Property Description

Excellent and the Best Four (4) unit apartment complex located at 2441 Fairmount St In Los Angeles . This low maintenance, low -cost building offers a balanced investment profile with both stability and upside potential Perfect opportunity for owner to live one unit and collecting rent from the others. ***Currently 1 unit 2 Bedrooms 1 bathroom just vacant and is being kept temporarily available for showings, providing immediate flexibility for a new owner - giving optionality for interested buyers to live in one units while renting out the others, or easily rent out at higher market rate. This unit features newly updated interiors, laminate flooring, kitchen with quartz countertops and cabinets, 2 sinks in the bathroom with update vanity, 2 bedroom with ceiling fans.*** This 4 unit Building featuring 1 unit 3 Bedrooms 1 Bathroom 2 units 2 Bedrooms 1 Bathroom each, and 1 unit 2 Bedrooms 2 bathroom. 2 units has had some upgrade. The property is zoned R3-1-CUGU, with expansive lot size of 7,003 SF, and alley access, where it may be possible to build an additional ADU. Conveniently near the 5, 10, 60, and 710 freeways. Located near Cal State University Los Angeles, Downtown Los Angeles, Pasadena, and San Gabriel Valley. This is an ideal investment property! Must see to apricate.

Additional Information

Appliances
Washer
Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$86,784
Operating Expense
7666

Listing courtesy of Listing Agent: Xiao Liao (shirleyxwliao@yahoo.com) from Listing Office: Pinnacle Real Estate Group.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.