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2517 Fairmount Street
Los Angeles, CA 90033


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Property Remarks

Well located, good looking 8 units apartment building located on nice residential street of Boyle Heights. Property consists of four 1 bedroom, one bathroom apartments and four 2 bedroom, one bathroom apartments. All units are on separate water heaters and are separately metered for gas, electricity and trash. Landlord pays DWP for house lights, water and sewer. Property is currently fully rented and operational. Easy access off 10FWY at Soto St.

Property Details

MLS#
18309828
Days on Market
15
Year Built
1931
Stories
2
Building/Living Area (sq ft)
8,860
Source of SqFt
Vendor Enhanced
Source of Lot Size
Vendor Enhanced

Location

State
CA
County
Los Angeles
Area
Boyle Heights (BOYH)

Presented By:

Listing provided courtesy of Marco Ventura , Leaf Realty


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Additional Property Details

Number of Units
8
Parking Spaces
6
Number of Buildings
1
Gross Operating Income
$89,477
Total Expense
$39,265
ADA Compliance
No

Heating
Wall Gas

Boyle Heights

One of the older neighborhoods on the Eastside of Los Angeles, Boyle Heights combines history with a thriving Latino community. Close to downtown and rich in tradition, this area is considered one of the areas primed for development.

Real Estate: As one of the more established neighborhoods on the Eastside, Boyle Heights is full of older homes including both single-family and multi-family residences for sale. Craftsman and bungalow homes as well as Spanish-style homes are popular here. Apartments and townhouses are also for sale in the area and some newer developments with lofts and condos are being built.  The massive Sears, Roebuck & Company Mail Order Building is being reconfigured into a large complex with housing, offices, and retail.

Community Life:  Mariachi Plaza is named for the mariachi musicians who gathered here since the 1930s. Now the site of a stop on the Gold Line the area is a popular site for festivals and events including a lively farmer’s market held on Friday afternoons.

Education: Boyle Heights is served by the Los Angeles Unified School District including Murchison Street Elementary, Christopher Dena Elementary, Utah Street Elementary, Hollenbeck Middle School, and Theodore Roosevelt Senior High. Local private schools include Assumption Elementary, Dolores Mission, and Bishop Mora Salesian High School.

Transportation: Boyle Heights sits at the intersection of the 5, 10, and 60 Freeways. The Metro Gold Line has a Highland Park station and there are several bus lines which run along Figueroa Street.

Local Attractions:  The former LAC+USC Medical Center building is an Art Deco structure recognizable to fans of the soap opera “General Hospital” where the building appeared in the opening credits for decades. Painted at the height of the Chicano Civil Rights Movement, the Estrada Courts murals are famed for their vibrancy. Breed Street Shul, once the largest Orthodox synagogue in the Western United States.

Community Explorer

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