Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

5

Building size

3,000 sqft

Lot size

5,843 sqft

Year built

1938

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

531

MLS #

223004010

About this property

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.

Location

2432 Fairmount Street

Los Angeles, Los Angeles, CA, 90033