2740 Fairmount, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
2740 Fairmount
Los Angeles, California 90033
Property Price
SUMMARY
Analysis of 2740 Fairmount, Los Angeles, California 90033 is currently available with a list price of $1,299,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property consists of a brand-new rear unit and a fully renovated front unit. Both units feature modern interior finishes, including updated kitchens with shaker-style cabinetry, quartz countertops, and stainless steel appliances. The bathrooms have been modernized with contemporary tiling and fixtures. With new flooring, recessed lighting, and updated systems throughout, the property meets current quality standards with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Income Potential
Featuring two separate units on a single lot, this property offers excellent flexibility for owner-occupants to offset their mortgage or for investors to maximize rental yield.
- Modern Rear Unit
The inclusion of a newer-constructed second unit at the rear provides a turnkey living space with contemporary building standards, reducing immediate maintenance concerns.
- Centralized Accessibility
Situated in the heart of Boyle Heights with immediate access to major freeways and local amenities, the location ensures high rental demand and a convenient commute.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2800, other record living area = 2490.
- Aging Primary Structure
With the original home dating back to 1913, the front unit may require significant capital expenditure for structural, electrical, or plumbing upgrades to meet modern standards.
- Premium Pricing
At a list price of nearly $1.3 million, the property sits at a high entry point for the neighborhood, requiring strong rental performance to justify the investment return.
About 2740 Fairmount
Great opportunity in Los Angeles! This property features two units on one lot, including a newer built second unit located at the rear of the property, offering excellent flexibility for homeowners and investors alike. Live in one unit and rent out the other to help offset your mortgage, making this an ideal setup for owner-occupants looking to generate additional income. The layout provides separation between the front home and the back unit, creating added privacy and usability. Conveniently located with easy access to major freeways, making commuting to surrounding areas simple and efficient. Close to shopping, dining, and everyday amenities. A great opportunity for multi-generational living, rental income, or investment potential in a central Los Angeles location. ? Property Highlights: • Two units on one lot • Newer constructed rear unit • Ideal for owner-occupant with rental income potential • Convenient access to freeways and nearby amenities
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1913
- Lot Size
- 5,839 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,800 | 2,272 | 62% |
| Lot Size | 5,839 | 5,849 | 31% |
| Price | $1.30M | $820.0K | 85% |
| Price per sq ft | $464 | $380 | 77% |
| Built year | 1913 | 1925 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 211 | 8% |
Pricing History
Listed for Sale
Feb 27, 2026
$1,299,000
Initial Listing
Sold
Jul 24, 2003
$188,000
Public Record
Sold
Nov 21, 1997
$70,000
Public Record