NOT LISTED FOR SALE

3171 Fairmount St Los Angeles, CA 90063

Estimated Value: $868,000 - $1,032,000

5 Beds
3 Baths
1,702 Sq Ft
$564/Sq Ft Est. Value

Last Sold September 21, 2023

Last sale price $950,000 $558 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,204/month

29 Days on Market

Highlights

  • Coastline Views
  • Solar Power System
  • Cooling System Mounted To A Wall/Window
  • James A. Garfield Senior High School Rated A
  • All Bedrooms Downstairs
  • Living Room

About This Home

As of September 2023

Location Location Vacant units, First one is a 3 bed 2 bath Second unit is a 2 bed 1 bath, this units have been completely renovated and ready to move in. they come with a 3 car garage , a large covered patio and an extra room and bathroom not included in the square footage. Dont miss this rare opportunity to own this beautiful property. From your Terrace you will see the Famous Pino, the Dodger Stadium, Downton LA and to the west Palos Verdes. Seller to assume rental of solar panels

Last Agent to Sell the Property

JACK WILLIAMS

BERKSHIRE HATH HM SVCS CA PROP License #01220043 Listed on: 07/11/2023

BERKSHIRE HATH HM SVCS CA PROP

Last Buyer's Agent

Po-Ting Chao

Pinnacle Real Estate Group License #02136776

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,721

Year Built

  • Built in 2001

Lot Details

  • 5,267 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in fair condition
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available

Property Views

  • Coastline
  • City Lights
  • Views of a landmark
  • Neighborhood

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,702 Sq Ft Home
  • 2-Story Property
  • Entryway
  • Living Room
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid

Additional Features

  • Solar Power System
  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 5178001036

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Insurance Expense $850
  • Trash Expense $900
  • Water Sewer Expense $900
  • Operating Expense $4,150
  • Gross Income $20,400
  • Net Operating Income $15,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,721

Year Built

Built in 2001

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 475000
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • View: Yes
  • Water Sewer Expenses: 900.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5178001036
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: door
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Entry Level: 2
  • Price Per Square Foot: 558.17
  • Room Type: All Bedrooms Down, Entry, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bedroom

Exterior Features

  • View: City Lights, Coastline, Landmark, Neighborhood
  • Fence: Yes
  • Fencing: Fair Condition
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Trash Expense: 900.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Green Features

  • Green Power: Solar

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5267.00
  • Lot Size Acres: 0.1209

Multi Family

  • Electric Expense: 1500.00
  • Gross Income: 20400.00
  • Gross Scheduled Income: 20400.00
  • Insurance Expense: 850.00
  • Lot Size Area: 5267.0000 Square Feet
  • Net Operating Income: 15400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 500.00
  • Rent Control: Yes
  • Total Expenses: 4150.00

Tax Info

  • Tax Census Tract: 2038.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2023
Closed on
Aug 24, 2023
Sold by
Zf Spv Llc
Bought by
Pimentelramos Daniel Armando and Wang Shengnan
Seller's Agent
JACK WILLIAMS
BERKSHIRE HATH HM SVCS CA PROP
Buyer's Agent
Po-Ting Chao
Pinnacle Real Estate Group
List Price
$950,000
Sold Price
$950,000
Views
19
Current Estimated Value
$959,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,242
Avg. Annual Appreciation
0.51%
Original Mortgage
$961,926
Outstanding Balance
$942,432
Interest Rate
6.96%
Mortgage Type
VA
Estimated Equity
$16,810

Purchase Details

Closed on
Apr 2, 2023
Sold by
Chavez Roberto
Bought by
Zf Spv Llc

Purchase Details

Closed on
May 24, 2005
Sold by
Chavez Roberto and Salazar Roberto Chavez
Bought by
Chavez Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2004
Sold by
Garcia Jose Alberto and Salazar Roberto Chavez
Bought by
Salazar Roberto Chavez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2001
Sold by
La Palma Investments Inc
Bought by
Garcia Jose Alberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,075
Interest Rate
7.09%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 17, 2000
Sold by
Flores Adelso
Bought by
La Palma Investments Inc

Purchase Details

Closed on
Dec 9, 1998
Sold by
Salesian Society
Bought by
Flores Adelso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
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
Pimentelramos Daniel Armando $950,000 Fidelity National Title
Zf Spv Llc $810,000 Fidelity National Title
Chavez Roberto -- Fidelity National Title
Chavez Roberto -- Financial Title Company
Salazar Roberto Chavez -- Fidelity Long Beach
Garcia Jose Alberto $210,000 Stewart Title
La Palma Investments Inc $28,000 Stewart Title
Flores Adelso $22,500 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pimentelramos Daniel Armando $961,926
Previous Owner Chavez Roberto $296,800
Previous Owner Chavez Roberto $248,000
Previous Owner Salazar Roberto Chavez $217,500
Previous Owner Garcia Jose Alberto $207,075
Previous Owner Flores Adelso $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2023 09/21/23 Sold $950,000 0.0% $558 / Sq Ft
08/14/2023 08/14/23 For Sale $950,000 0.0% $558 / Sq Ft
08/12/2023 08/12/23 Off Market $950,000 -- --
08/10/2023 08/10/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $950,000 0.0% $558 / Sq Ft
07/13/2023 07/13/23 Off Market $950,000 -- --
07/11/2023 07/11/23 For Sale $950,000 0.0% $558 / Sq Ft
06/26/2023 06/26/23 Off Market $950,000 -- --
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 $11,721 $969,000 $561,000 $408,000
2024 $11,721 $950,000 $550,000 $400,000
2023 $5,560 $436,530 $133,955 $302,575
2022 $5,306 $427,972 $131,329 $296,643
2021 $5,236 $419,581 $128,754 $290,827
2019 $5,083 $407,137 $124,936 $282,201
2018 $5,000 $399,155 $122,487 $276,668
2016 $4,770 $383,658 $117,732 $265,926
2015 $4,702 $377,896 $115,964 $261,932
2014 $4,478 $350,000 $136,900 $213,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23104501

California Regional Multiple Listing Service (CRMLS)

APN: 5178-001-036