930 Fraser Avenue
Los Angeles, CA 90022
- – beds
- – baths
- – sqft
- 4,921 sqft lot
- 1929 build
- – on site
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 10 and a phenomenal cap rate of 7.2%!! 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. Contact listing agent for more details.
Last checked:
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Last updated Jan 16, 2025
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MLS# 25477541 —
The Building
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Year Built:1929
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New Construction:No
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Building Area Total:4631.00
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Total Number Of Units:18
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# of Buildings:2
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:South of Whittier Blvd, North of Olympic Blvd, East of Arizona Ave, West of Atlantic Blvd
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Latitude:34.02047500
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Longitude:-118.16165600
The Property
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Property Type:Residential Income
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Zoning:LCP*
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Lot Size Area:4921.0000
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Lot Size Acres:0.1130
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Lot Size SqFt:4921.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5245004020
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Driveway
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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1/14/25
Jan 14, 2025
|
Listed / Active | CRMLS_CA | $1,999,000 | |
|
1/9/24
Jan 9, 2024
|
Listed / Active | CRMLS_CA | ||
|
12/27/23
Dec 27, 2023
|
Listed / Active | CRMLS_CA |
