2432 Fairmount StreetLos Angeles, CA 90033

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.

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

1938

Stories

2

Building area

3,000 Sq Ft

Lot size

0.13 acres

Parking spaces

8

Zoning

LARD1.5

Days on market

608

MLS^® Listing#

DW25045422

Property Features

Pool

None

Laundry

Inside

Lot features

Front Yard

Community

Street Lights

Sewer

Public Sewer

Water source

Public

Parcel number

5177018023

Directions

Near Soto