NOT LISTED FOR SALE

2531 Fairmount St Los Angeles, CA 90033

Boyle Heights Neighborhood

Estimated Value: $928,000 - $1,212,000

6 Beds
2 Baths
3,274 Sq Ft
$318/Sq Ft Est. Value

Last Sold January 17, 2018

Last sale price $685,000 $209 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $6,297/month

207 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • Private Yard
  • James A. Garfield Senior High School Rated A
  • Spanish Architecture
  • 4-minute walk to Wabash Recreation Center

About This Home

As of January 2018

PRICE REDUCTION: Owners have opted to reduce their price by $49,000.00! We have opted to reduce the price to attract more of the family buyers!

This is a two story Spanish style duplex home with great curb appeal. The two units have their own entrances. The lower level home has 3 large bedrooms with 1 full bath, a large living room, dining room. There are arc doorways throughout with large windows for plenty of light. There are Spanish style crown moldings throughout the home that adds elegance of the unit. The upper unit has a similar floor plan to the lower level with its own separate entrance. The upper unit also has 3 large bedrooms and a full bath. Both units are rental ready. This home is on a large lot, 7005 square feet, with an RD1.5 zoning code which is an investor's dream! (Buyer to verify with the LA Zoning Department). The back lot is flat with a huge potential for any investor to either add more units or to create a new set of units for rental purposes. The area itself is strategically located near many major landmarks to include the USC Medical Center, LAC/USC Medical Center, the Metro-Light Rail, close to the major Los Angeles Freeway arteries to include the 5, 10, 60, 110, and 710 freeways. It is also located 3 miles from downtown Los Angeles.

The home is being sold in an AS-IS condition. It is an older home with lots of character!

Last Agent to Sell the Property

Ralph Santos

Healthcare Biz Brokers,Inc License #02006120 Listed on: 05/08/2017

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,662

Year Built

  • Built in 1929

Lot Details

  • 7,005 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Back Yard

Home Design

  • Duplex
  • Spanish Architecture

Interior Spaces

  • 3,274 Sq Ft Home
  • Neighborhood Views
  • Basement

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms | 3 Main Level Bedrooms
  • 2 Full Bathrooms
  • Bathtub
  • Separate Shower

Outdoor Features

  • Balcony

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • No Heating
  • Overhead Utilities
  • Sewer Paid

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 2037
  • Assessor Parcel Number 5177014019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,662

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: LARD1.5
  • Architectural Style: Spanish
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 5177014019
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 3274.00 Square Feet
  • Interior Amenities: Balcony
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Wood
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 209.22
  • Room Type: Basement
  • Bathroom Features: Bathtub, Separate Tub And Shower, Walk-In Shower

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Utilities

  • Heating: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Rectangular Lot, Level, Near Public Transit, Park Nearby, Utilities - Overhead, Yard
  • Lot Size Sq Ft: 7005.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2037.10
  • Tax Lot: 16
  • Tax Tract Number: 2037

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2022
Sold by
Bitterman Shem J and Bitterman Cynthia L
Bought by
Bitterman Family Trust
Current Estimated Value
$1,039,990

Purchase Details

Listed on
May 8, 2017
Closed on
Dec 6, 2017
Sold by
Godinez Maria J
Bought by
Bitterman Shem and Bitterman Cynthia
Seller's Agent
Ralph Santos
Healthcare Biz Brokers,Inc
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$799,000
Sold Price
$685,000
Premium/Discount to List
-$114,000
-14.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.46%
Original Mortgage
$411,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2007
Sold by
Godinez Maria J
Bought by
Godinez Maria J and Cerna Alejandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,800
Interest Rate
6.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2003
Sold by
Cabrera Gustavo
Bought by
Godinez Maria T and Cerna Alejandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
7.25%

Purchase Details

Closed on
Apr 19, 2000
Sold by
Cabrera Gustavo
Bought by
Cabrera Gustavo and Cabrera Noemi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
8.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 5, 1998
Sold by
Cabrera Gustavo
Bought by
Cabrera Gustavo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,698
Interest Rate
6.84%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 28, 1995
Sold by
Cabrera Noemi
Bought by
Cabrera Gustavo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7.59%

Purchase Details

Closed on
Jun 2, 1995
Sold by
Cabrera Gustavo
Bought by
Cabrera Gustavo and Covarrubias Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7.59%

Purchase Details

Closed on
Oct 27, 1993
Sold by
Ford Consumer Finance Company Inc
Bought by
Cabrera Gustavo and Reyes Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,250
Interest Rate
6.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bitterman Family Trust -- --
Bitterman Shem $685,000 First American Title Company
Godinez Maria J -- United Title Company-La
Godinez Maria T $295,000 Southland Title
Cabrera Gustavo -- United Title Company
Cabrera Gustavo -- Chicago Title Co
Cabrera Gustavo -- California Counties Title Co
Cabrera Gustavo -- California Counties Title Co
Cabrera Gustavo $155,000 World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bitterman Shem $411,000
Previous Owner Godinez Maria J $436,800
Previous Owner Godinez Maria T $295,000
Previous Owner Cabrera Gustavo $27,000
Previous Owner Cabrera Gustavo $181,698
Previous Owner Cabrera Gustavo $156,000
Previous Owner Cabrera Gustavo $147,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2018 01/17/18 Sold $685,000 -14.3% $209 / Sq Ft
12/01/2017 12/01/17 Pending -- -- --
05/08/2017 05/08/17 For Sale $799,000 -- $244 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $9,662 $779,408 $462,525 $316,883
2024 $9,662 $764,126 $453,456 $310,670
2023 $9,480 $749,144 $444,565 $304,579
2022 $9,047 $734,456 $435,849 $298,607
2021 $8,924 $720,055 $427,303 $292,752
2019 $8,662 $698,700 $414,630 $284,070
2018 $5,636 $456,541 $279,048 $177,493
2016 $5,354 $438,814 $268,213 $170,601
2015 $5,276 $432,224 $264,185 $168,039
2014 $5,300 $423,758 $259,010 $164,748
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Ralph Santos

    Healthcare Biz Brokers,Inc

    (818) 731-7173

    2 Total Sales

    Ralph Santos
    Section Image

  • N

    Buyer's Agent in 2018

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    2 in this area

    6,057 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17101098

California Regional Multiple Listing Service (CRMLS)

APN: 5177-014-019

California Los Angeles County Los Angeles 90033 Boyle Heights

2531 Fairmount St, Los Angeles, CA

Not Listed for Sale

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