3172 Fairmount Street, Los Angeles, CA 90063
Triplex
Sold May 2024
Listing Agent: Steven Pacheco (DRE #02039318) · Listing Office: EXP REALTY OF CALIFORNIA INC · Contact: 9493064999 · Bought with: Steven Pacheco · EXP REALTY OF CALIFORNIA INC · MLS #CV24048715 · Source: CRMLS
About this triplex
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.
Listing description from the May 2024 sale, as reported to CRMLS.
Sale history