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2800 Fairmount St 6 Unit Apartment Building $1,650,000 ($275,000/Unit) 6.05% Cap Rate Los Angeles, CA 90033
INVESTMENT HIGHLIGHTS
- Ideal for investors seeking a well-located, low-rise multifamily property
- Stable income-producing asset
EXECUTIVE SUMMARY
Situated in the heart of Boyle Heights, this property offers proximity to key Los Angeles landmarks including Chinatown, Dodger Stadium, Cal State LA, East LA College, the Arts District, and Union Station. The area boasts a Walk Score of 84 (Very Walkable), with good transit access and bikeability.
PROPERTY FACTS
| Price | $1,650,000 | Apartment Style | Garden |
| Price Per Unit | $275,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 6.05% | Building Size | 5,514 SF |
| Gross Rent Multiplier | 11.1 | No. Stories | 1 |
| No. Units | 6 | Year Built | 1922 |
| Property Type | Multifamily | Parking Ratio | 0.73/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR2 - Multiple Density Residential | ||
| Price | $1,650,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 6.05% |
| Gross Rent Multiplier | 11.1 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 5,514 SF |
| No. Stories | 1 |
| Year Built | 1922 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | LAR2 - Multiple Density Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 5178-003-046 | Improvements Assessment | $290,427 |
| Land Assessment | $419,509 | Total Assessment | $709,936 |
PROPERTY TAXES
Parcel Number
5178-003-046
Land Assessment
$419,509
Improvements Assessment
$290,427
Total Assessment
$709,936
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2800 Fairmount St
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