930 Fraser Avenue

Los Angeles, CA 90022

  • 18 Bed(s)
  • 0 Bath(s)
  • 4,631 Sqft
  • 4921
    Sqft(Lot)
$1,850,000

Description

Price reduced 100k! we are pleased to present for sale the "fraser flats" a newly renovated & 100% fully leased multifamily opportunity located in the heart of east la! the subject property consists of a front duplex with two 1 bd/1 ba units and 16 sro style units (16 single rooms with 3 shared baths + 4 toilets for the community). the property was completed gutted by the current owner who spent over $400,000 in upgrades including brand new hvac, new roof, plumbing, electrical, flooring, paint, furniture & more! this location offers residents a quick commute to downtown los angeles and is a walker's paradise with a walk score of 93! the property is only steps away from dining and shopping on whittier blvd with several public transportation options nearby. current rents yield an impressive annual gross income of ~$200,000 yielding a grm of just 9.5 and a phenomenal cap rate of 7.6%!! there is an additional 20% upside in rents. each sro unit is fully equipped with a queen-sized bed, full sized stainless-steel refrigerator and stainless-steel microwave. shared space for showering and doing laundry all conveniently near your apartment home. bathrooms are separate from your apartment home but are private and in the community. the front duplex is comprised of two 1 bd/1 ba units that are tenant occupied and under rso. do not miss this opportunity to purchase a cash cow located in a high rental demand neighborhood of los angeles! do not disturb current tenants, showings with an accepted offer only. call for more details or to inquire about financing opportunities!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48332090

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Property Details

  • Bedroom Information

    • Total Bedrooms : 18

    Bathroom Information

    • Total Baths: 5
    • Full Baths: 0
    • Half Baths: 0

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1929
    • Building Area Total: 4,631

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.113
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 4921

  • Listing Price Information

    • Original List Price: 1,850,000
    • Listing Contract Date: 2025-01-08

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5245004020

  • Garage and Parking

    • Garage Description: Driveway

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: ELA - East Los Angeles
    • Postal Code Plus 4: 3820
    • Directions: South of Whittier Blvd, North of Olympic Blvd, East of Arizona Ave, West of Atlantic Blvd
    • Zoning: LCP*
    • Source Property Type: Residential Income
    • Area: ELA - East Los Angeles

    Building and Construction

    • Property Age: 96
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 4631
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/19/2025 @ 05:55

  • MLS: 25477541
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 18 bedrooms which is for sale, it has 4,631 sqft, 4,921 sized lot, and 0 parking. are nearby neighborhoods.