2441 Fairmount, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
Analysis of 2441 Fairmount, Los Angeles, California 90033 is currently available with a list price of $1,150,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
The property is a 1930s build, but the featured vacant unit has undergone a full renovation within the last 5 years, including a modern kitchen with quartz countertops, new cabinets, and updated flooring. While the exterior and other units show more age and the use of window AC units indicates older systems, the renovated portions are in mint condition, making the overall investment move-in ready and functional.
The delivery of a vacant, newly remodeled 2-bedroom unit allows for immediate owner-occupancy or the ability to set market-rate rent without the complications of tenant relocation.
Zoned R3-1-CUGU on an expansive 7,003 SF lot with alley access, the property offers significant value-add potential through the possible construction of an additional Accessory Dwelling Unit (ADU).
The property’s proximity to the 5, 10, 60, and 710 freeways, as well as Downtown LA and Cal State LA, ensures a consistent and high-demand tenant pool for long-term stability.
Built in 1930, the building may require significant capital expenditure for upgrades to aging plumbing, electrical systems, or seismic retrofitting common in older Los Angeles structures.
Despite the large lot, providing adequate off-street parking for four multi-bedroom units in a high-density area like Boyle Heights can be challenging and may limit premium rent growth.
Excellent and the Best Four (4) unit apartment complex located at 2441 Fairmount St In Los Angeles . This low maintenance, low -cost building offers a balanced investment profile with both stability and upside potential Perfect opportunity for owner to live one unit and collecting rent from the others. ***Currently 1 unit 2 Bedrooms 1 bathroom just vacant and is being kept temporarily available for showings, providing immediate flexibility for a new owner - giving optionality for interested buyers to live in one units while renting out the others, or easily rent out at higher market rate. This unit features newly updated interiors, laminate flooring, kitchen with quartz countertops and cabinets, 2 sinks in the bathroom with update vanity, 2 bedroom with ceiling fans.*** This 4 unit Building featuring 1 unit 3 Bedrooms 1 Bathroom 2 units 2 Bedrooms 1 Bathroom each, and 1 unit 2 Bedrooms 2 bathroom. 2 units has had some upgrade. The property is zoned R3-1-CUGU, with expansive lot size of 7,003 SF, and alley access, where it may be possible to build an additional ADU. Conveniently near the 5, 10, 60, and 710 freeways. Located near Cal State University Los Angeles, Downtown Los Angeles, Pasadena, and San Gabriel Valley. This is an ideal investment property! Must see to apricate.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 5,822 | 2,250 |
| Lot Size | 7,005 | 5,864 |
| Price | $1.15M | $826.7K |
| Price per sq ft | $198 | $395 |
| Built year | 1930 | 1925 |
| HOA | $0 | $0 |
| Days on market | 37 | 83 |
Jun 15, 2026
$1,150,000
Initial Listing
Dec 8, 2023
$885,000
Public Record
Aug 19, 2015
$546,000
Public Record
Mar 2, 2007
$925,000
Public Record