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3172 Fairmount St, Los Angeles, CA 90063
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3172 Fairmount St Los Angeles, CA 90063

$825,000 Sold Price as of 05/07/2024
  • 5 Beds
  • 3 Baths
  • 2,184 Sq.Ft.
Sold
$825,000 Sold Price as of 05/07/2024 Refinance Your Mortgage
Map preview of 3172 Fairmount St, Los Angeles, CA 90063

Property Overview: 3172 Fairmount St Los Angeles, CA has 5 bedrooms, 3 bathrooms, 2,184 living square feet and 4,800 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Close to so many Hot spots in Los Angeles, this Fully Occupied Triplex with a Highly Desirable CAP RATE of 5.675% nests at the Top of a Hill with a view of Downtown Los Angeles and the Hollywood sign. West City Terrace/North Boyle Heights/below i10 freeway in a gem of a neighborhood. This INCOME INVESTMENT OFFERS 3 fully occupied units. There is a bonus unoccupied basement below the house that used to be a **4th Unit and can possibly be converted back to (4 UNITS). This **TWO ON A LOT** TRIPLEX ** generates a Gross Scheduled income of $59,400.00 and has a NOI (NET OPERATING INCOME) of $45,400.00 with expenses that include Water $2,100, Insurance $1,900, and New Taxes totaling( $10,000) = $14,000 EXPENSES ) BENEFITS of SECTION 8: Guaranteed Payments, Lower Vacancy Rates, Steady Income, Long-Term Stability. PAID ON TIME. 5 BED | 3 BATHS ON Title. 2 Beds in main house, 2, 1 bed 1 baths in duplex each unit has washer dryer hookup.

Listed by Steven Pacheco | BRE #02039318 | EXP REALTY OF CALIFORNIA INC
Last checked: 8 minutes ago | Last updated: May 8th, 2024 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
4,800
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
CV24048715
City
Los Angeles
County
Los Angeles
Time on Site
70 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $4,950
  • Total Rent: $4,950
  • Pro Forma/Market Rent: $5,297
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Partially
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Partially
  • Total Rent: --
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.6%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $59,400
  • Net Operating Income: $45,400
  • Gross Operating Income: $59,400
Annual Expense Breakdown
  • Total Operating Expense: $14,000
  • New Taxes: $10,000
  • Trash: $0
  • Insurance: $1,900
  • Water/Sewer: $2,100

Property Details for 3172 Fairmount St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet
  • All Bedrooms Down, All Bedrooms Up, Basement
Exterior Features
Exterior Information
  • Other Structures: Two On A Lot
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Hills
  • Common Walls: 1 Common Wall, End Unit, No One Above
  • Total # of Units: 3
  • Parcel Number: 5178005040
  • Year Built Source: Public Records
  • Architectural Style: Modern, Spanish
  • Entry Level: 2
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Near Ceaser E. Chavez Ave & Gage on the corner of Fairmont & N Fresno
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 3172 Fairmount St

Last sold for $825,000 on May 7th, 2024

  • May, 2024

  • May 7, 2024

    Date

    Sold

    CRMLS: CV24048715

    $825,000

    Price

  • Mar 11, 2024

    Date

    Active

    CRMLS: CV24048715

    $799,888

    Price

  • October, 2009

  • Oct 13, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 1996

  • Mar 6, 1996

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3172 Fairmount St

Assessed Value (2020): $122,769
Year Land Value Improved Value Assessed Value
2020 $59,693 $63,076 $122,769

Home Value Compared to the Market

This property vs the competition

3172 Fairmount St sold on May 7, 2024 for 32.78% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $366.25 per/sqft which puts the price per square foot 51.49% lower than the current median sale per square foot for the city of Los Angeles.

About 3172 Fairmount St

Detailed summary of property

3172 Fairmount St is a triplex that recently sold in Los Angeles, CA 90063. This triplex offered 5 bedrooms, 3 bathrooms, roughly 2,184 living square feet, and sits on an approximately 4,800 square foot lot. 3172 Fairmount St was first listed on ArdentRealEstateGroup.com on March 11, 2024. The homeowner sold the property for $825,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 32.78% lower than the current median priced home. Local homes that are currently for sale include 317 N Mathews St, 1086 N Bonnie Beach Pl and 3045 E 5th St. While the average home in Los Angeles, CA is selling in 92 days, 3172 Fairmount St has a days on market of 10 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 3172 Fairmount St Los Angeles, CA 90063 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3172 Fairmount St

Public county record property details
Beds
5
Baths
3
Year built
1953
Sq. Ft.
2,184
Lot Size
4,799
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
5178-005-040

The source for these homes facts are from public records.

90063 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$615,000
Median List Price/Sq.Ft.
$625
Median Sold Price
$615,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
32
Median Sale to List Price %
90.57%
Avg Days on Market
31
Loan Type
Conventional (28.57%), FHA (28.57%), VA (0%), Cash (14.29%), Other (28.57%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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