930 Fraser Avenue, Los Angeles, CA 90022
-
Listed Price :
$1,999,000
-
Beds :
18
-
Baths :
5
-
Property Size :
4,631 sqft
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Year Built :
1929
Property Description
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.
Interior Features
| Bedroom Information |
| Bedrooms |
18 |
| Bathroom Information |
| Bathrooms |
5 |
Listing Information
| Address |
930 Fraser Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90022 |
| County |
Los Angeles |
| Listing Agent |
Daniel Shamooelian DRE #01984269 |
| Courtesy Of |
Keller Williams Beverly Hills |
| List Price |
$1,999,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
4,631 |
| Lot Size |
4,921 |
| Year Built |
1929 |
Listing information courtesy of: Daniel Shamooelian, Keller Williams Beverly Hills. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 14th, 2025 at 8:24 PM 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.
