Property Details
About this Property
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.
MLS Listing Information
MLS #
CRDW24194435
MLS Source
California Regional MLS
Interior Features
Laundry
None
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
No Parking, Garage: 3 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 2 | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
743 Fraser Ave is a Triplex in East Los Angeles, CA 90022. This – square foot property sits on a 4,499 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $799,000 and was built in 1928. This address can also be written as 743 Fraser Ave, East Los Angeles, CA 90022.
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This listing information is up-to-date as of October 31, 2024. For the most current information, please contact David Gomez, (323) 715-6261
