3724 Fairman St Lakewood, CA 90712

3 beds · 1 bath · 1,154 sq ft · Lot Size: 5,321 sq ft · Single Family Home · Lakewood Mutual
Est. Property Value: $693,045

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

3724 Fairman St is in the Lakewood Mutual neighborhood of Lakewood, CA. It is located in Los Angeles County and ZIP code 90712. This Single Family Home was built in 1952 and is approximately 73 years old. The single family home spans 1154 sq ft with 3 bedrooms and 1 bathroom and sits on a 5321 sq ft lot. According to public records, it was sold for $202,500 and has a tax-assessed value of $770,850, which is $601 per sq ft. The Lakewood Mutual area of Lakewood has 3232 residential homes with an average size of 1225 sq ft. Analyze and compare real estate investment strategies for properties like this home at 3724 Fairman St Lakewood, CA 90712 with Property Intel by Whitepages.

3724 Fairman St

Lakewood, CA 90712

Neighborhood

Owners & Occupancy for 3724 Fairman St

No contact information is available.

Occupancy

Resident 1************
Resident 2**************** age 66
Resident 3**************** age 66
Resident 4*************************** age 68

Property Financials for 3724 Fairman St

3724 Fairman St, Lakewood, CA has a mortgage from Bank Of America (orig. January 21, 2021). The Los Angeles county assessment for 2024 values it at $770,850, with annual taxes of $4,796.

Mortgage & Equity Information

Loan Amount$******
LenderBank Of America
Origination DateJanuary 21, 2021
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*****************
Equity View Equity

Property Tax

Property Tax Amount$4,796 in 2023
Purchase Price$202,500
Assessed Value$770,850 on 2024

Investment Potential for 3724 Fairman St

The property has a current estimated value of $693,045, which is 2% below the neighborhood median, based on public records. It last sold for $202,500. Projected long-term
is $44,400 annually ($3,700 per month) with a 96% occupancy rate.

Discover more Single Family Homes in Lakewood Mutual.

Long-Term

Gross Rental
$44,400 per year($3,700 per month)
Net Operating Income
Cap Rate
Occupancy Rate
96%in 90712 zip code
 
View Rental Potential

Property Details for 3724 Fairman St

Property Details

Property Sq Ft

Living Area

1,154 sq ft

6% below market

Lot Size

5,321 sq ft

4% above market

Price Per Sq Ft

Living Area

$601 / sq ft

10% above market

Lot Size Area

$130 / sq ft

3% below market

Property condition, age, exterior, etc. for 3724 Fairm…
Longitude: -118.147437 Latitude: 33.841509 Parcel Number (APN): 7150-016-021…

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Market Benchmarks

Compare data for 3724 Fairman St in Los Angeles County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$693,045
$639,752
$53,292 (8%)
$755,046
-$38,992 (-5%)
YoY Price Change
1.38%
205%
Year Built
1952
1971
-19 years
Living Space
1,154 sq ft
1,519 sq ft
-365 (-24%)
$ Per Living Sq Ft
$601
$420
$180 (43%)
Lot Size
5,321 sq ft
7,020 sq ft
-1699 (-24%)
$ Per Lot Sq Ft
$130
$88
$42 (47%)

Net Operating Income
$26,724
$1,910 (7%)
Annual Revenue
$44,400
$44,400
$0 (0%)
$14,609
$1,157 (8%)
Net Operating Income
$26,724
$1,910 (7%)
Cap Rate
4.21%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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