2500 E Fairmount, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This Modern Residential Income Duplex is listed at $999,900, representing a rare 2006 construction in the Boyle Heights market. While the price sits above the $909,412 Fair Market Value, the property’s Good Condition Rating and Rent Control Exemption justify the investment through superior income growth potential. Each unit offers a spacious 3-bedroom layout just minutes from Downtown Los Angeles. This asset is a stable income-producing play ideal for Buy-and-Hold Investors or Owner-Occupants looking for a low-maintenance, market-rate rental opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2500 E Fairmount Subject | $999,900* List Price | 0 | 0 | 1,676 | $543 | - |
A 1917 E 2nd Street Sold | $1,238,000 | 0 | 0 | 2,269 | $546 | 0.9 mi |
B 2553 Verde Street Active | $929,900 List Price | 0 | 0 | 1,624 | $573 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this property falls within the 10-20 year age bracket for a 'good' condition rating. The interior features functional layouts with a mix of laminate and tile flooring. While the kitchen cabinets show visible cosmetic wear and the bathrooms are basic, the property is move-in ready, well-maintained for its age, and major systems appear functional without requiring immediate renovation.
Built in 2006, this property is exempt from the Los Angeles Rent Stabilization Ordinance (RSO), allowing for market-rate rent adjustments and significantly higher income growth potential compared to older multi-family assets.
The duplex consists of two spacious 3-bedroom units, a configuration that is highly desirable for families and consistently commands premium rental rates in the Boyle Heights market.
Located just minutes from Downtown Los Angeles with immediate access to major freeways, the property is perfectly positioned to benefit from the area's ongoing urban revitalization and long-term capital appreciation.
Each 3-bedroom unit features only one bathroom, which may be a competitive disadvantage for modern tenants and could limit the property's appeal to larger households.
The compact 3,094 square foot lot provides very little private yard or communal outdoor space, which may be a drawback for tenants with pets or those seeking a more traditional residential feel.
Excellent investment opportunity in the heart of Los Angeles! This well-maintained duplex features two spacious units, each offering 3 bedrooms and 1 bathroom ideal for both owner-occupants and investors alike. Built in 2006, the property benefits from newer construction standards and is not subject to rent control, providing strong income and future rent growth potential. Each unit offers functional layouts, ample living space, and great natural light. Conveniently located near major freeways, shopping, dining, and just minutes from Downtown LA, this property is perfectly positioned for long-term appreciation and steady cash flow. Don’t miss this opportunity to own a high-demand rental property in a prime location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,676 | 2,156 | 45% |
| Lot Size | 3,094 | 5,840 | 9% |
| Price | $999.9K | $775.0K | 64% |
| Price per sq ft | $597 | $408 | 91% |
| Built year | 2006 | 1925 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 204 | 9% |
Mar 24, 2026
$999,900
Initial Listing
Oct 19, 2011
$340,003
Public Record
May 16, 2007
$599,000
Public Record
Mar 21, 2006
$200,000
Public Record
May 7, 2004
$275,000
Public Record