NOT LISTED FOR SALE

3114 Fairmount St Los Angeles, CA 90063

Boyle Heights Neighborhood

Estimated Value: $619,000 - $794,859

4 Beds
2 Baths
1,499 Sq Ft
$472/Sq Ft Est. Value

Last Sold November 13, 2017

Last sale price $529,000 $353 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $4,409/month

50 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Laundry Room
  • James A. Garfield Senior High School Rated A
  • Cooling System Mounted To A Wall/Window
  • 1-Story Property

About This Home

As of November 2017

Spanish style duplex in Boyle Heights. Front unit has been tastefully remodeled with wood laminate floors, tile floors , newer kitchen cabinets, granite countertops, fresh paint- inside and out. Indoor laundry( in kitchen) . Bathroom has been completely remodeled as well. Both units have 2 beds, 1 baths, and each unit has a large basement. Front unit basement runs the length of the house. Paint has been purchased for back unit and will be given to buyer upon close of escrow. Back unit needs a little TLC but has amazing potential. Minutes from Downtown Los Angeles, East LA College -- quick access to freeways. Great opportunity for the end user. Seller very motivated and we are actively showing her properties. Looking to close a quick escrow. Property sold as is. Bring us an offer!

Last Agent to Sell the Property

ROBERTA OCHOA

RE/MAX CORNERSTONE License #01323159 Listed on: 08/31/2017

Co-Listed By

Missy Book

Circa Properties, Inc. License #01854115

Last Buyer's Agent

Antonio Duarte

WILSHIRE REAL ESTATE License #01438082

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,434

Year Built

  • Built in 1948

Lot Details

  • 5,197 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex

Interior Spaces

  • 1,499 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • Tax Lot 73
  • Tax Tract Number 2038
  • Assessor Parcel Number 5178005004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $444
  • Fuel Expense $48
  • Insurance Expense $539
  • Trash Expense $1,296
  • Water Sewer Expense $648
  • New Taxes Expense $2,538
  • Operating Expense $5,513
  • Gross Income $32,400
  • Net Operating Income $26,887

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,434

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 648.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5178005004
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 352.90

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Inside
  • Sewer: Public Sewer
  • Trash Expense: 1296.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5197.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Multi Family

  • Electric Expense: 444.00
  • Fuel Expense: 48.00
  • Gross Income: 32400.00
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 539.00
  • Net Operating Income: 26887.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 5513.00
  • Rent Control: Yes
  • Total Expenses: 5513.00

Tax Info

  • New Taxes Expense: 2538.00
  • Tax Census Tract: 2038.00
  • Tax Lot: 73
  • Tax Tract Number: 2038

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2024
Sold by
Gonzalez Diana Araceli
Bought by
Gonzalez Mario
Current Estimated Value
$707,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Outstanding Balance
$420,334
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$287,631

Purchase Details

Closed on
Jun 24, 2022
Sold by
Antonio And Ana Duarte Trust
Bought by
Gonsalez Mario

Purchase Details

Listed on
Aug 31, 2017
Closed on
Oct 12, 2017
Sold by
Avelar Jorge
Bought by
Avelar Maribel
Seller's Agent
ROBERTA OCHOA
RE/MAX CORNERSTONE
Buyer's Agent
Antonio Duarte
WILSHIRE REAL ESTATE
List Price
$529,000
Sold Price
$529,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.73%

Purchase Details

Listed on
Aug 31, 2017
Closed on
Oct 11, 2017
Sold by
Avelar Maribel
Bought by
Duarte Antonio and Duarte Ana
Seller's Agent
ROBERTA OCHOA
RE/MAX CORNERSTONE
Buyer's Agent
Antonio Duarte
WILSHIRE REAL ESTATE
List Price
$529,000
Sold Price
$529,000

Purchase Details

Closed on
Feb 14, 2017
Sold by
The Gutierrez Family Trust
Bought by
Avelar Maribel

Purchase Details

Closed on
Apr 29, 2013
Sold by
Gutierrez Trinidad
Bought by
Avelar Maribel and Gutierrez Family Trust

Purchase Details

Closed on
Jan 15, 1998
Sold by
Gutierrez Trinidad and Tutierrez Trinidad
Bought by
Gutierrez Trinidad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.13%

Purchase Details

Closed on
Mar 8, 1994
Sold by
Gutierrez Enrique
Bought by
Tutierrez Trinidad
Source: Public Records

Range of Values:

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Average Value
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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
Gonzalez Mario -- Wfg National Title
Gonzalez Mario -- Wfg National Title
Gonsalez Mario -- Weinstock Manion
Antonio And Ana Duarte Trust -- Weinstock Manion
Avelar Maribel -- Ticor Title Company
Duarte Antonio $529,000 Ticor Title Company Of Ca
Avelar Maribel -- None Available
Avelar Maribel -- None Available
Gutierrez Trinidad -- North American Title
Tutierrez Trinidad -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Mario $425,000
Closed Gonzalez Mario $425,000
Previous Owner Gutierrez Trinidad $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2017 11/13/17 Sold $529,000 0.0% $353 / Sq Ft
10/06/2017 10/06/17 Pending -- -- --
08/17/2017 08/17/17 For Sale $529,000 -- $353 / 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 $8,434 $690,825 $482,745 $208,080
2024 $8,434 $677,280 $473,280 $204,000
2023 $8,273 $664,000 $464,000 $200,000
2022 $6,913 $567,192 $396,714 $170,478
2021 $6,826 $556,072 $388,936 $167,136
2020 $6,893 $550,371 $384,948 $165,423
2019 $6,624 $539,580 $377,400 $162,180
2018 $6,542 $529,000 $370,000 $159,000
2017 $684 $39,661 $17,718 $21,943
2016 $652 $38,884 $17,371 $21,513
2015 $645 $38,301 $17,111 $21,190
2014 $662 $37,551 $16,776 $20,775
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    ROBERTA OCHOA

    RE/MAX

    Section Image
  • Missy Book

    Seller Co-Listing Agent in 2017

    Missy Book

    Circa Properties, Inc.

    (562) 896-1288

    59 Total Sales

    Missy Book
    Section Image

  • A

    Buyer's Agent in 2017

    Antonio Duarte

    WILSHIRE REAL ESTATE

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17201836

California Regional Multiple Listing Service (CRMLS)

APN: 5178-005-004

California Los Angeles County Los Angeles 90063 Boyle Heights

3114 Fairmount St, Los Angeles, CA

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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