Est. cap rate

2.6%

Assumed rent, all units

$3,640/mo

Units

2

Price per unit

$424,950

Est. annual NOI

$21,840

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

1,676 sqft

Lot size

3,094 sqft

Year built

2006

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

0

MLS #

248958946

About this property

REMODELED VACANT UNIT! NO RENT CONTROL! PRIME LOS ANGELES DUPLEX OPPORTUNITY! Welcome to 2500 Fairmount St., Los Angeles, CA 90033! An exceptional opportunity for investors and owner-occupants seeking rental income potential and long-term value! This duplex features two spacious units, each offering 3 bedrooms and 1 bathroom, for a combined total of 6 bedrooms and 2 bathrooms. The lower unit has been newly remodeled, featuring new flooring, fresh interior paint, and an updated kitchen, creating a modern and inviting living space. BEST OF ALL, THE LOWER UNIT WILL BE DELIVERED VACANT AT CLOSE OF ESCROW! This provides an excellent opportunity for buyers looking to occupy one unit while collecting rental income from the other, or investors seeking to secure a new tenant. Each unit includes its own washer and dryer hookups, offering added convenience and functionality. MAJOR INVESTMENT ADVANTAGE: NO RENT CONTROL! This property presents an attractive opportunity for investors seeking rental flexibility and long-term income potential. Ideally situated near Los Angeles General Medical Center (formerly USC Medical Center), Downtown Los Angeles, major freeways, and surrounding employment centers, this location offers convenient access to some of the city's major destinations. Its proximity to the medical center also creates potential appeal for healthcare professionals, traveling nurses, and other prospective tenants. Whether you're looking to expand your investment portfolio, establish a rental income stream, or take advantage of owner-occupied multifamily living, this property checks all the boxes! DON'T MISS THIS OPPORTUNITY TO OWN A REMODELED, INCOME-PRODUCING DUPLEX WITH NO RENT CONTROL IN LOS ANGELES! SCHEDULE YOUR PRIVATE SHOWING TODAY!

Location

2500 Fairmount

Los Angeles, Los Angeles, CA, 90033