See Home Value
$586,706*
Multifamily - Off Market

3156 Fairmount St

Los Angeles, CA 90063
bedrooms
Studio
bathrooms
0 Bath
$450,000 - $548,000
Reference Base Price*
17.58%
Since Jul 1, 2021
CA-Los Angeles
Primary Model

About This Property

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.
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1950

Price History

Date / Event Date Event Price
Nov 17, 2022 Sold to Jose Cruz Gomez $643,854
Sold to Jose Cruz Gomez
Jan 21, 2022 Sold $550,000
Sold
Jun 25, 2021 No longer available -
No longer available
Apr 15, 2021 Price Decreased $499,000
↓ $51K (9.3%)
Price Decreased
Feb 8, 2021 Listed $550,000
Listed

Property Highlights

Garage


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
1,000 ft²
$475/ft²
$475,000 Oct 18, 2022
-
-
House
2 Beds
1 Bath
844 ft²
$652/ft²
$550,000 Jan 20, 2023
-
-
House
3 Beds
1 Bath
1,158 ft²
$367/ft²
$425,000 Oct 14, 2022
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20211028
10/28/2021
Studio
-
1775 ft²
$599,000
bedrooms
Studio
bathrooms
-
square feet
1775 ft²
-
-
-
George Wang
Harvest Realtors, Inc.
20210208
02/08/2021
Studio
-
-
$550,000
bedrooms
Studio
bathrooms
-
$550,000
01/21/2022
-
Shant Sherbetdjian

Building Info

3156 Fairmount Street 3156 Fairmount Street, Los Angeles, CA 90063
More about this Building
3156 Fairmount Street
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