743 Fraser Avenue
East Los Angeles, CA 90022
Closed for $799,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 4,499 sqft
| MLS | DW24194435 |
| Year Built | 1928 |
| Property Type | Triplex |
| County | Los Angeles |
| Status | Closed |
| Closed | $799,000 |
| Structure Size | N/A sqft |
| Lot Size | 4,499 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: David Gomez, Realty Executives Com. & Res. 323-715-6261. *Based on information from the Association of REALTORS/Multiple Listing as of 11/10/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Geovanni Quintanilla
REALTOR®
Direct: 818.339.8164
Email: Email Me
DRE: 01879729
DRE #01873088
.png){kind=small}