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Sold for $599,000
  • Listed by: Berkshire Hathaway Home Servic • Hilda Hernandez • Contact: 626-536-1485
    Bought with: Berkshire Hathaway Home Servic
    Tax assessed value
    $599,000

    3132 Fairmount St, Los Angeles, CA 90063

    5beds
    16baths
    1,824sqft
    Duplex
    Built in 1966
    -- sqft lot
    $860,700 Zestimate®
    $328/sqft
    $3,736 Estimated rent

    Home value

    $860,700

    $775,000 - $947,000

    $3,736/mo

    Zestimate® history
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    What's special

    Welcome to an exceptional investment opportunity in the vibrant community of Boyle Heights! This two-unit property boasts the perfect blend of comfort, convenience, and potential for savvy investors. Nestled within this sought-after neighborhood, the front house presents a welcoming porch and generous living spaces. With three bedrooms and one bath, it provides ample room for residents to spread out and relax. Entertain effortlessly in the spacious living room and dining area, while the convenient laundry area adds practicality to everyday living. The back unit offers a unique layout spread across two stories. Featuring two bedrooms and 1.5 baths, this unit provides comfort and privacy. The attached one-car garage with laundry hookups ensures convenience, while a separate yard off the kitchen area offers a tranquil retreat. Practicality meets versatility with a long driveway providing tandem parking, catering to the needs of multiple tenants. Currently occupied by long-term tenants, each paying $870 per month for a combined monthly income of $1,740. This property presents significant upside for value enhancement. Whether through minor updates or strategic renovations, there's ample opportunity to maximize returns and elevate its appeal. Seize the opportunity to diversify your investment portfolio and secure a foothold in this dynamic market. With its prime location, untapped potential, this property is primed to become a cornerstone of your investment strategy. Don't miss out on the chance to own a piece of Boyle Heights real estate!

    Zillow last checked:

    Listing updated:

    Listed by:

    Hilda Hernandez DRE #01218052 (626)536-1485,

    Berkshire Hathaway Home Servic,

    Devon Beck DRE #01703996 626-202-4713,

    Berkshire Hathaway Home Servic

    Bought with:

    Hilda Hernandez, DRE #01218052

    Berkshire Hathaway Home Servic

    Devon Beck, DRE #01703996

    Berkshire Hathaway Home Servic

    Source: CRMLS,MLS#: P1-17454MLS LogoOriginating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 16
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Laundry: In Garage, Laundry Room
    Features
    • Flooring: Carpet, Laminate
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 1,824
    • Total interior livable area: 1,824 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Door-Single, Driveway, Garage
    • Garage spaces: 1
    Features
    • Levels: One,Two
    • Stories: 1
    • Entry location: Living room
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 5,201 Square Feet
    • Features: Sprinklers None
    Details
    • Parcel number: 5178005009
    • Special conditions: Third Party Approval

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Duplex
    Materials
    • Foundation: Raised, Slab
    • Roof: Composition
    Condition
    • Year built: 1966

    Utilities & green energy

    • Sewer: Unknown
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs
    • Subdivision: Not Applicable
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $328/sqft
    • Tax assessed value: $599,000
    • Annual tax amount: $7,483
    • Date on market: 5/1/2024
    • Cumulative days on market: 4 days
    • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange

    Price history

    DateEventPrice
    10/14/2024Sold$599,000$328/sqft
    Source: CRMLS #P1-17454 Report a problem
    7/4/2024Pending sale$599,000$328/sqft
    Source: CRMLS #P1-17454 Report a problem
    5/24/2024Contingent$599,000$328/sqft
    Source: CRMLS #P1-17454 Report a problem
    5/1/2024Listed for sale$599,000-17.4%$328/sqft
    Source: CRMLS #P1-17454 Report a problem
    1/27/2024Listing removed--
    Source: CLAW #23-303411 Report a problem
    8/31/2023Listed for sale$725,000$397/sqft
    Source: CLAW #23-303411 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,483 +24.5%$599,000 +26.9%
    2024$6,012 +1.9%$472,128 +2%
    2023$5,900 +4.8%$462,872 +2%
    2022$5,631 +1.3%$453,797 +2%
    2021$5,557 -0.9%$444,900 +1%
    2020$5,609 $440,339 +2%
    2019$5,609 +42.5%$431,706 +39.4%
    2018$3,938 $309,703 +2%
    2017$3,938 +2.2%$303,632 +2%
    2016$3,852 +2.7%$297,680 +1.5%
    2015$3,750 +0.8%$293,209 +2%
    2014$3,721 $287,467 +2.5%
    2012-- $280,558 +2%
    2011-- $275,058 +0.8%
    2010-- $273,003 +20.1%
    2009-- $227,236 +6.1%
    2006-- $214,132
    2005-- $214,132 +4%
    2004-- $205,819 +38.1%
    2000-- $148,993
    Find assessor info on the county website

    Neighborhood: Boyle Heights

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $860,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $860,700