2740 Fairmount, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This Renovated Dual-Unit Duplex is a Strong Value Opportunity, with a List Price of $1,299,000—positioned well below the $1,424,341 Fair Market Value by 8%. This valuation gap provides $125,341 in Instant Equity. Boasting a Condition Rating of 2, the property features a brand-new rear unit and a fully updated front home with quartz countertops and shaker-style cabinetry. Located in central Boyle Heights with easy freeway access, it offers significant rental demand. This is an ideal acquisition for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking a turnkey, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2740 Fairmount Subject | $1,299,000* List Price | 0 | 0 | 2,800 | $509 | - |
A 2447 Malabar Street Active | $1,100,000 List Price | 0 | 0 | 2,810 | $391 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
The inclusion of a newer-constructed second unit at the rear provides a turnkey living space with contemporary building standards, reducing immediate maintenance concerns.
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.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2800, other record living area = 2490.
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.
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.
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
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 | 2,800 | 2,269 | 73% |
| Lot Size | 5,839 | 5,840 | 36% |
| Price | $1.30M | $775.0K | 82% |
| Price per sq ft | $464 | $408 | 82% |
| Built year | 1913 | 1924 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 204 | 18% |
Feb 27, 2026
$1,299,000
Initial Listing
Jul 24, 2003
$188,000
Public Record
Nov 21, 1997
$70,000
Public Record