$1,150,000

Estimated payment $7,190/month

Total Views 18
9 Beds
5 Baths
5,822 Sq Ft
$198 Price per Sq Ft

About This Home

Excellent and the Best Four(4) unit apartment complex located at 2441 Fairmount St In Los Angeles . This low maintenance, low-cost building offers a balanced investment profile with both stability and upside potential Perfect opportunity for owner to live one unit and collecting rent from the others. This 4 unit Building featuring 1 unit 3 Bedrooms 1 Bathroom, 2 units 2 Bedrooms 1 Bathroom each, and 1 unit 2 Bedrooms 2 bathroom. 2 units has had some upgrade, The property is zoned R3-1-CUGU, with expansive lot size of 7,003 SF, and alley access, where it may be possible to build an additional ADU. Conveniently near the 5, 10, 60, and 710 freeways. Located near Cal State University Los Angeles, Downtown Los Angeles, Pasadena, and San Gabriel Valley. Must see to appreciate.

Listing Agent

Shirley Liao

Pinnacle Real Estate Group Brokerage Phone: 626-617-2306 License #01305413 Listed on: 06/15/2026

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 7,005 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 5,822 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry in unit
  • Washer

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 21 / 1
  • Assessor Parcel Number 5177015021
  • $806 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $208
  • Fuel Expense $200
  • Insurance Expense $1,904
  • Water Sewer Expense $5,355
  • Operating Expense $7,667
  • Gross Income $86,784
  • Net Operating Income $67,117

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

7,005 Sq Ft Lot

Listing Details

  • CapRate: 5.80
  • Property Attached: Yes
  • Water Sewer Expenses: 5355.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5177015021
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 197.53

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7005.00
  • Lot Size Acres: 0.1608

Multi Family

  • Average2 Bed Area: 1455 Square Feet
  • Average3 Bed Area: 1455 Square Feet
  • Electric Expense: 207.96
  • Fuel Expense: 200.00
  • Gross Income: 86784.00
  • Gross Multiplier: 13.00
  • Gross Scheduled Income: 86784.00
  • Insurance Expense: 1904.00
  • Lot Size Area: 7005.0000 Square Feet
  • Net Operating Income: 67117.04
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7666.96
  • Rent Control: Yes
  • Total Expenses: 7666.96

Tax Info

  • Tax Block: 1
  • Tax Lot: 21
  • TaxOtherAnnualAssessmentAmount: 806.00

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,524 $902,700 $631,890 $270,810
2024 $11,361 $885,000 $619,500 $265,500
2023 $8,659 $659,934 $397,099 $262,835
2022 $8,274 $646,995 $389,313 $257,682
2021 $10,046 $796,172 $479,015 $317,157
2019 $9,754 $772,558 $464,808 $307,750
2018 $9,629 $757,411 $455,695 $301,716
2016 $9,156 $728,000 $438,000 $290,000
2015 $9,014 $716,000 $418,200 $297,800
2014 $9,235 $716,000 $418,200 $297,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/15/2026 06/15/26 For Sale $1,150,000 +29.9% $198 / Sq Ft
12/08/2023 12/08/23 Sold $885,000 -1.7% $152 / Sq Ft View Prior Sale
09/27/2023 09/27/23 Pending -- -- --
09/11/2023 09/11/23 For Sale $900,000 +73.1% $155 / Sq Ft
08/19/2015 08/19/15 Sold $520,000 -12.0% $89 / Sq Ft View Prior Sale
05/12/2015 05/12/15 Pending -- -- --
03/31/2015 03/31/15 For Sale $590,600 -- $101 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $885,000 Commonwealth Land Title
Grant Deed $546,000 Title 365 Company
Interfamily Deed Transfer -- Title 365 Company
Trustee Deed $798,475 Accommodation
Interfamily Deed Transfer -- None Available
Grant Deed -- Accommodation
Interfamily Deed Transfer -- Accommodation
Grant Deed $925,000 Fidelity Natl Title Ins Co
Interfamily Deed Transfer -- Fidelity National Title Ins
Grant Deed -- None Available
Interfamily Deed Transfer -- --
Grant Deed $540,000 Fidelity National Title Ins
Interfamily Deed Transfer -- Fidelity National Title Ins
Grant Deed $325,000 Chicago Title Co
Interfamily Deed Transfer -- --
Grant Deed -- Commonwealth Land Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $531,000 New Conventional
Previous Owner $138,750 Stand Alone Second
Previous Owner $693,750 New Conventional
Previous Owner $486,000 Purchase Money Mortgage
Previous Owner $264,000 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR26130190

California Regional Multiple Listing Service (CRMLS)

APN: 5177-015-021

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