Property Description

PRICE REDUCED $51,000 FOR A QUICK SALE! We are pleased to present for sale 2 units in a Desirable Boyle Heights Location. This is the first time the property has been offered for sale in over 25 Years. The units are comprised of spacious single story 2 and 3 bedroom units. Rents are currently well below market level and have about +/- 120% of Rental Upside potential. The property falls within a block from the famous “El Tepeyac Restaurant Cafe” on North Evergreen Avenue, Situated East of East Cesar Chavez Avenue and Adjacent to Downtown Los Angeles. Tenants enjoy the Close Vicinity to Shops & Restaurants on East Cesar Chavez Avenue and a short drive from the 5, 10 and 101 Freeways commuting to and from work. Sellers intend to complete a 1031 Exchange at no cost or delay to the Buyer. Rents stated are actual and below market rate. Property has Deferred Maintenance. *OFFERS BEING SUBMITTED should be either cash or via hard money loan.

Additional Information
Remax Commercial and Investment Realty
: Standard

Multi-Family For Sale

3156 Fairmount Street, Los Angeles, California 90063

1,775 Sqft
Listing ID #21690086
Basic Details
Status : Active
DaysOnMarket : 65
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 21690086
Price : $499,000
Living Area : 1,775 Sqft
Lot Size : 5,200 Sqft
Year Built : 1950
Price Per Square Foot : $281
ModificationTimestamp : 2021-04-14 13:51:35
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