About 743 Fraser Avenue
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.
Features of 743 Fraser Avenue
| MLS® # | DW24194435 |
|---|---|
| Price | $799,000 |
| Bedrooms | 5 |
| Bathrooms | 3.00 |
| Acres | 0.10 |
| Type | Residential Income |
| Sub-Type | Res Income 2-4 Units |
| Status | Closed |
Community Information
| Address | 743 Fraser Avenue |
|---|---|
| Area | LOS ANGELES (90022) |
| City | East Los Angeles |
| County | Los Angeles |
| State | CA |
| Zip Code | 90022 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | N/K |
Interior
| Fireplace | Yes |
|---|
Exterior
| Lot Description | Sidewalks |
|---|
Additional Information
| Date Listed | September 18th, 2024 |
|---|---|
| Days on Market | 6 |
| Zoning | Assessor |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Realty Executives Com. & Res. |
|---|