
Los Angeles, California 90033
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.
Property is new construction or fully renovated.
Although originally built in 1930, the property features newly updated interiors within the last 5 years. Photos confirm a modern kitchen with quartz countertops, new cabinetry, subway tile backsplash, and updated laminate flooring and bathrooms, meeting the criteria for a recent high-end renovation.
The property features a vacant, newly updated 2-bedroom unit, providing an immediate opportunity for an owner-occupant to move in or for an investor to secure market-rate rent without relocation hurdles.
Situated on an expansive 7,003 SF lot zoned R3-1-CUGU with convenient alley access, the property offers significant upside through the potential construction of an Additional Dwelling Unit (ADU).
Its prime location in Boyle Heights offers exceptional connectivity to the 5, 10, 60, and 710 freeways, placing it minutes from Downtown LA, Cal State LA, and the San Gabriel Valley.
Originally constructed in 1930, the building may require ongoing maintenance or significant capital improvements to aging structural, plumbing, or electrical systems common in properties of this era.
With only two of the four units reported as having upgrades, a new owner will likely face additional renovation costs to modernize the remaining units to maximize the property's total rental yield.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 4 | 2,090.331 |
| Lot Size | 7,005 | 5,852.908 |
| Price | $1.05M | $830.9K |
| Price per sq ft | $262.3K | $394 |
| Built year | 1930 | 1928 |
| HOA | $0 | $0 |
| Days on market | 61 | 87 |
Sep 9, 2026
$1,049,100
Initial Listing
Dec 8, 2023
$885,000
Public Record
Aug 19, 2015
$546,000
Public Record
Mar 2, 2007
$925,000
Public Record