2426 Fairmount Street, Los Angeles, California 90033, Los Angeles, 90033 - 5 bed, 3 bath

2426 Fairmount Street, Los Angeles, California 90033 home-pic-0
ACTIVE$996,000
2426 Fairmount Street, Los Angeles, California 90033
5Beds
3Baths
2,525Sqft
6,992Lot
Year Built
1932
Close
-
List price
$996K
Original List price
$996K
Price/Sqft
$394
HOA
-
Days on market
-
Sold On
-
MLS number
25606743
Home ConditionFair
Features
Patio
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $996.0K(93th), sqft - 2525(80th), beds - 5(80th), baths - 3(60th).

Two Homes on One Lot! Welcome to this beautifully preserved Spanish-style gem, featuring two character-filled homes on one lot, perfect for extended family living or investment potential. The main home features three spacious bedrooms and two bathrooms, showcasing classic architectural details rarely found today. Step inside the grand living room with soaring vaulted ceilings, bathed in natural light from large arched windows. The space is adorned with decorative pillars and original hardwood floors that add warmth and elegance throughout. Enjoy your morning coffee in the cozy breakfast nook surrounded by charm and character at every corner. Additional features include central heating and air, refrigerator, stove, and washer, dryer, combining old-world beauty with modern comfort. The second home, a delightful two bedroom, one bath Spanish cottage featuring hardwood floors and abundant natural light. With wall A/C, washer/dryer hookups, a private 1-car garage, and a charming outdoor area, this home is both inviting and functional. Plans have been paid to convert the 1-car garage to an ADU! Nestled in the heart of historic Boyle Heights, this property is ideally located near USC Medical Center, Keck USC, White Memorial Hospital, San Antonio Winery, Dodger Stadium, and beloved local shops and restaurants. This is more than a property; it's a piece of Los Angeles history, offering timeless architecture, versatility, and an unbeatable location. A must-see to truly appreciate its charm and character!

Price History

Date
Event
Price
10/15/25
Listing
$996,000
Condition Rating
Fair

This 1932 Spanish-style property is beautifully preserved with original hardwood floors and classic architectural details, and benefits from central heating and air in the main home. However, the kitchen features very dated pink tiled countertops and backsplash, along with older appliances and traditional cabinets. The bathrooms also exhibit a distinct vintage style with pink and black tiling that is significantly outdated. While the property is well-maintained and functional, these key areas require substantial aesthetic updates to meet current quality standards, placing it in the 'Fair' category.
Pros & Cons

Pros

Versatile Dual-Unit Property: Features two distinct Spanish-style homes on one lot, providing exceptional flexibility for extended family living, multi-generational housing, or significant rental income potential.
Approved ADU Conversion Plans: Plans have been paid to convert the second unit's 1-car garage into an Accessory Dwelling Unit (ADU), offering a clear path to further increase living space and maximize rental revenue.
Historic Charm & Architectural Integrity: A beautifully preserved 1932 Spanish-style gem showcasing classic architectural details, soaring vaulted ceilings, arched windows, decorative pillars, and original hardwood floors, contributing to unique character and aesthetic appeal.
Prime Boyle Heights Location: Strategically located in historic Boyle Heights, offering excellent proximity to major employment centers like USC Medical Center and Keck USC, as well as cultural attractions, dining, and Dodger Stadium.
Modern Amenities in Main Home: The main residence is equipped with central heating and air conditioning, along with included appliances (refrigerator, stove, washer, dryer), seamlessly blending historic charm with essential contemporary comforts.

Cons

Property Age & Potential Maintenance: Built in 1932, the property, despite being preserved, may present ongoing maintenance considerations typical of homes from this era, potentially requiring updates to unseen systems over time.
Disparate Cooling Systems: While the main home boasts central A/C, the second unit relies on wall A/C, which may offer less efficient or comprehensive cooling, potentially impacting comfort or rental desirability compared to central systems.
Lack of Scenic Views: The property does not offer any notable scenic views, which could be a missed amenity for some buyers in the Los Angeles market where views often command a premium.

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