3134 Fairmount Street, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath
3134 Fairmount Street
Los Angeles, California 90063
Property Price
SUMMARY
Analysis of 3134 Fairmount Street, Los Angeles, California 90063 is currently available with a list price of $449,900. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property is a 1922-built duplex that has suffered extensive fire damage to both units, rendering it completely unlivable. The listing explicitly states the property is distressed and offers the opportunity to build from the ground up, indicating that the existing structures require demolition and the value lies in the land and development potential.
PROSSTRENGTHS & OPPORTUNITIES
- High-Density Development Potential
The property offers a rare opportunity to maximize ROI by rebuilding the existing duplex into a 5-unit complex, including two primary units, two ADUs, and one Junior ADU as permitted by the city.
- Significant Value-Add Upside
Priced competitively following a recent price reduction, this distressed asset allows investors to build from the ground up and capture substantial equity through modern, custom construction.
- Strategic Boyle Heights Location
Situated in a high-demand rental pocket of Los Angeles, the property’s proximity to Downtown LA and local schools makes it an ideal location for a long-term income-generating portfolio.
CONSRISKS & DEFICIENCIES
- Extensive Fire Damage
The property has suffered significant fire damage to both units, requiring a total rebuild or major structural remediation which involves high upfront capital and complex permitting.
- Financing Constraints
Due to its distressed 'as-is' condition and lack of habitability, the property will likely not qualify for traditional financing, limiting the buyer pool to cash investors or those with hard money loans.
About 3134 Fairmount Street
Two unit located at 3134 Fairmount St in the heart of Los Angeles. Development and value add upside due to a fire incident on both of the units. This distressed property brims with potential. There's a chance to design and build from the ground up, tailoring the property to suit your desires and contemporary living needs. The city of LA will allow the rebuild of the 2 units along with 2 ADUs and 1 Jr. ADU.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1922
- Lot Size
- 5,200 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Malabar Street Elementary School
Grades K-6 • 0.2 mi
Evergreen Avenue Elementary School
Grades K-6 • 0.4 mi
Harrison Street Elementary School
Grades K-6 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,522 | 1,960 | 29% |
| Lot Size | 5,200 | 5,661 | 38% |
| Price | $449.9K | $750.0K | 5% |
| Price per sq ft | $296 | $384 | 19% |
| Built year | 1922 | 1924 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 646 | 228 | 0% |
Pricing History
Listed for Sale
Feb 17, 2026
$449,900
$479,900
-6% Price Drop
Initial Listing
Price Change
May 29, 2024
$479,900
Initial Listing