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    3156 Fairmount Street

    Los Angeles (City), CA 90063
    • $499,000
    • STATUS: Active
    • ON SITE: 92 days
    • ID#: 21690086
    UPDATED: 52 min ago
    $499,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,775
      SQFT
    • $281
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T19:37:51.713. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/114063306
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    3156 Fairmount Street Los Angeles (City), CA 90063

    • Price: $499,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: 21690086
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1,775
    SQFT
    $281
    $/SQFT
    1950
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    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.
    Exterior Features

    Parking Features DrivewayGarage Parking Total 3

    Property Features

    Garage YN Yes Gross Income 21480 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 9417 Property Condition Repairs CosmeticRepairs Major Senior Community YN No Special Listing Conditions Standard Zoning Lar2

    Listing provided courtesy of Shant Sherbetdjian of Remax Commercial And Investment Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T19:37:51.713. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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