Price Reduction
Address
3156 Fairmount Street Los Angeles, CA
Price
$ 499,000
Property Attributes
  • MLS#21690086
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaBoyle Heights
  • Zip90063
  • Style
  • Price$ 499,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Lot Size5,200 SqFt
Listing Provided Courtesy Of:
Shant Sherbetdjian with Remax Commercial and Investment Realty
Data Source:
CLAW
Property Description

PRICE REDUCED $51,000 FOR A QUICK SALE! We are pleased to present for sale 2 units in a Desirable Boyle Heights Location. This is the first time the property has been offered for sale in over 25 Years. The units are comprised of spacious single story 2 and 3 bedroom units. Rents are currently well below market level and have about +/- 120% of Rental Upside potential. The property falls within a block from the famous "El Tepeyac Restaurant Cafe" on North Evergreen Avenue, Situated East of East Cesar Chavez Avenue and Adjacent to Downtown Los Angeles. Tenants enjoy the Close Vicinity to Shops & Restaurants on East Cesar Chavez Avenue and a short drive from the 5, 10 and 101 Freeways commuting to and from work. Sellers intend to complete a 1031 Exchange at no cost or delay to the Buyer. Rents stated are actual and below market rate. Property has Deferred Maintenance. *OFFERS BEING SUBMITTED should be either cash or via hard money loan.

Price History
2/9/2021 Listed $550,000
4/14/2021 10% - $499,000

General Features

Garage Spaces 3
Garage Y/N Yes
MLS Area BOYH - Boyle Heights
Parking Features Driveway, Garage
Property Type Residential Income
PropertyCondition Repairs Cosmetic, Repairs Major
Total Units 2
Zoning LAR2

Exterior Features

Lot Size Acres 0.11
Lot Size Area 5200
Lot Size Source Assessor
Lot Size Square Feet 5200
Lot Size Units Square Feet
Number of Buildings 1
Total Parking 3

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90063

Price
AVG $850K
$500K
Visits
AVG 36
23
Year Built
AVG 1928
1950
Walkscore
AVG 77
80
Data Provided by Walkscore ® not using MLS data

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