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.
Sold for $825,000
Listing Provided by: EXP REALTY OF CALIFORNIA INC
Bought with: EXP REALTY OF CALIFORNIA INC
$825,000
3172 Fairmount St, Los Angeles, CA 90063
5beds
3baths
2,184sqft
Triplex
Built in 1953
-- sqft lot
$893,400 Zestimate®
$378/sqft
$3,297 Estimated rent
Home value
$893,400
$822,000 - $965,000
$3,297/mo
Zestimate® history
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Hollywood signNorth boyle heights
Zillow last checked:
Listing updated:
Listing Provided by:
Steven Pacheco DRE #02039318 9493064999,
EXP REALTY OF CALIFORNIA INC
Bought with:
Steven Pacheco, DRE #02039318
EXP REALTY OF CALIFORNIA INC
Source: CRMLS,MLS#: CV24048715
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: All Bedrooms Up
Heating
- Wall Furnace
Cooling
- Central Air
Appliances
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Features
- All Bedrooms Up, All Bedrooms Down
- Flooring: Carpet
- Has basement: Yes
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall,End Unit,No One Above
Interior area
- Total structure area: 2,184
- Total interior livable area: 2,184 sqft
Property
Parking
- Total spaces: 7
- Parking features: Driveway
- Uncovered spaces: 7
Features
- Entry location: Front
- Pool features: None
- Has view: Yes
- View description: City Lights, Hills
Lot
- Size: 4,800 sqft
- Features: 0-1 Unit/Acre
Details
- Additional structures: Two On A Lot
- Parcel number: 5178005040
- Zoning: LAR2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Modern,Spanish
- Property subtype: Triplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Sidewalks, Urban
Location
- Region: Los Angeles
HOA & financial
Other financial information
- Total actual rent: 4950
Other
Other facts
- Listing terms: Cash,Conventional,Contract,1031 Exchange,Fannie Mae,Owner May Carry
Price history
| Date | Event | Price |
|---|---|---|
| 5/7/2024 | Sold | $825,000+3.1%$378/sqft |
Source:  CRMLS #CV24048715 Report a problem | ||
| 3/23/2024 | Pending sale | $799,888$366/sqft |
Source: CRMLS #CV24048715 Report a problem | ||
| 3/11/2024 | Listed for sale | $799,888$366/sqft |
Source: CRMLS #CV24048715 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,427 +424.7% | $841,500 +539.3% |
| 2024 | $1,987 +1.6% | $131,630 +2% |
| 2023 | $1,956 +4.3% | $129,050 +2% |
| 2022 | $1,876 +1.8% | $126,520 +2% |
| 2021 | $1,843 -0.6% | $124,040 +1% |
| 2020 | $1,854 | $122,769 +2% |
| 2019 | $1,854 +8.2% | $120,363 +2% |
| 2018 | $1,713 | $118,004 +2% |
| 2017 | $1,713 +2.1% | $115,691 +2% |
| 2016 | $1,678 +3.8% | $113,424 +1.5% |
| 2015 | $1,617 -0.3% | $111,721 +2% |
| 2014 | $1,623 | $109,533 +4.5% |
| 2011 | -- | $104,807 +0.5% |
| 2009 | -- | $104,273 +4% |
| 2007 | -- | $100,226 +2% |
| 2006 | -- | $98,262 |
| 2005 | -- | $98,262 +6% |
| 2003 | -- | $92,719 +2% |
| 2002 | -- | $90,902 |
Find assessor info on the county website
Neighborhood: Boyle Heights
Nearby schools
GreatSchools rating
- 5/10Malabar Street Elementary SchoolGrades: K-6Distance: 0.2 mi
- 4/10Belvedere Middle SchoolGrades: 6-8Distance: 0.9 mi
- 3/10East Los Angeles Renaissance Academy At Esteban E. Torres High No. 2Grades: 9-12Distance: 1.1 mi
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Estimated market value
$893,400
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
$893,400
- California
- Los Angeles County
- Los Angeles
- 90063
- Boyle Heights
- 3172 Fairmount St
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