743 Fraser Avenue, East Los Angeles, CA 90022
-
Sold Price :
$799,000
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Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1928
Property Description
Perfect 3 unit multi-family investment property located in the very desirable rental area of East Los Angeles. First Time in the market in 28 years the subject property unit mix consists of 3 Stand Alone Spanish Style Bungalows with the front bungalow 1 bedroom and one bathroom and the middle and rear unit being 2 bedrooms and 1 bathroom each. This is an excellent opportunity. The new owner will appreciate the current income yielding a 5.9% cap rate and $266,333 cost per unit. Total rentable square feet of the building is approximately is 1716 and lot is 4499 square feet. The 3 rear garages can possibly be converted to an ADU. All rental units are separately metered for Gas and Electricity while the owner pays for Water & Trash. Tenants also enjoy the convenience of being located walking distance to the many shops and restaurants off of the famous Whittier Boulevard's retail corridor and within a short drive to the 5,60 and 710 freeways. With limited inventory this prime location is perfect for the 1031 exchange investor or a buyer that may want to live in one of the units. Must see to appreciate. Investor will not be disappointed.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
743 Fraser Avenue |
| City |
East Los Angeles |
| State |
CA |
| Zip |
90022 |
| County |
Los Angeles |
| Listing Agent |
David Gomez DRE #01805497 |
| Courtesy Of |
Realty Executives Com. & Res. |
| Close Price |
$799,000 |
| Status |
Closed |
| Type |
Residential Income |
| Subtype |
Triplex |
| Structure Size |
N/A |
| Lot Size |
4,499 |
| Year Built |
1928 |
Listing information courtesy of: David Gomez, Realty Executives Com. & Res.. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 31st, 2024 at 11:05 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
