2432 Fairmount Street

Property Overview

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.

Home Details

Property type: Residential Income - Apartment
Year built: 1938
Lot size: 5,843 sq ft
Parking: 8 spaces
Stories: 2
Days on market: 531
MLS status: Active
Zoning: LARD1.5

Features & Amenities

Pool

None

Lot

Front Yard

Community, Schools & Utilities

Utilities

Water: Public
Sewer: PublicSewer

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Location & Neighborhood

Los Angeles, CA 90033

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Frequently Asked Questions About 2432 Fairmount Street

Property type: Residential Income

The current asking price is $1,299,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 2432 Fairmount Street. Our team will confirm availability and timing.

This property offers the living space reported in the listing. It was built in 1938. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 531 days. Status can change, so verify availability before relying on it.