14 days on rocket

3132 Fairmount St, Los Angeles, CA, 90063

$599,000

Home List Price

$7,113*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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3132 Fairmount St, Los Angeles$599,000

Buyer Closing Credits

$7,113*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDoor-Single, Driveway, Garage
Garage1 space
Year Built1966
HeatingWall Furnace
CoolingNone
FireplaceNone
ViewNone
MLS #P1-17454
Lot Size0.12 Acres
StatusActive

About 3132 Fairmount St

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!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1966
  • Stories: 2

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices California Properties
  • Office Phone: (626) 536-1485
  • Listing Agent: Hilda Hernandez

Interior Features

Interior Information:

  • Flooring Type: Carpet, Laminate
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 1 space
  • Parking: Door-Single, Driveway, Garage

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

School Info

Assigned Schools Information:

  • East Los Angeles Renaissance Academy at Esteban E. Torres High School, Public District Grades 9-12
  • East Los Angeles Performing Arts Academy at Esteban E. Torres High School, Public District Grades 9-12
  • Social Justice Leadership Academy at Esteban E. Torres High School, Public District Grades 9-12
  • Belvedere Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Malabar Street Elementary School, Public District Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: South of Wabash, North of Cesar Chavez, East of Evergreen.

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000

Tax Information:

  • Annual Amount: $5,557
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

3132 Fairmount St vs Los Angeles

14 DAYS ON ROCKET

-20 Days

$599,000

-$387.4K Less

KEY TAKEAWAY

This property is $387.4K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #P1-17454

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices California Properties
  • Office Phone: (626) 536-1485
  • Listing Agent: Hilda Hernandez

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/15/2024, 1:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$5,557$444,900
2020$5,394$440,339
2019$3,937$431,706
2018$3,852$309,703
2017$3,852$303,632

History based on county public records data.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1430413
6
/10

  • Malabar Street Elementary School

  • 3200 Malabar St

  • 0.20 miles

  • Public District Grades KG-6

school-card-donut-1430414
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 9.02 miles

  • Public Magnet Grades KG-6

school-card-donut-1430415
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 23.68 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-1430416
5
/10

  • Belvedere Middle School

  • 312 N Record Ave

  • 0.97 miles

  • Public Magnet Grades 6-8

school-card-donut-1430417
4
/10

  • Studio

  • 2211 W Avenue 30

  • 4.63 miles

  • Public District Grades 6-8

High School

school-card-donut-1430418
5
/10

  • East Los Angeles Renaissance Academy at Esteban E. Torres High School

  • 4211 Dozier St

  • 1.14 miles

  • Public District Grades 9-12

school-card-donut-1430419
4
/10

  • East Los Angeles Performing Arts Academy at Esteban E. Torres High School

  • 4211 Dozier St

  • 1.14 miles

  • Public District Grades 9-12

school-card-donut-1430420
5
/10

  • Social Justice Leadership Academy at Esteban E. Torres High School

  • 4211 Dozier St

  • 1.14 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,633. Residents of Los Angeles, CA typically earn less than $35k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90063›3132 Fairmount St

This home is located at 3132 Fairmount St in Los Angeles, CA and zip code 90063 in the Boyle Heights neighborhood. This home, which was built in 1966, sits on a 0.12 acre lot. It has been listed on Rocket Homes since May 01, 2024 and is currently priced at $599,000.

While more than 701 listings in Los Angeles, CA in April 2024 were sold above asking price, there were more than 204 listings sold at asking price, and more than 629 were sold below. The inventory of homes for sale in Los Angeles, CA between March 2024 and April 2024 increased by 14.9%. The median list price of listings available in April 2024 was $986,427, while the average time on the real estate market was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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