743 Fraser Avenue
East Los Angeles, CA 90022
0.10 acres | #DW24194435
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.
Property Details
- Lot DescriptionItem25UnitsAcre, BackYard
- Stories1
Measurements
- Acres0.1033
Parking
- Parking Spaces3
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1928
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$799,000
Other
- MLS #DW24194435
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: David Gomez (#YGOMDAVM)
Listing Office: Realty Executives Com. & Res. (#YREF)
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