743 Fraser Avenue East Los Angeles, CA 90022
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 TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site10 Days
- MLS StatusPending
- MLS ID NumberDW24194435
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.1033 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Terms CashConventionalExchange
Exterior Features
- Pool N/K