743 Fraser Avenue, East Los Angeles, CA 90022
Triplex
Sold October 2024
Listing Agent: David Gomez (DRE #01805497) · Listing Office: Realty Executives Com. & Res. · Contact: 323-715-6261 · Bought with: David Gomez · Realty Executives Com. & Res. · MLS #DW24194435 · Source: CRMLS
About this triplex
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 description from the October 2024 sale, as reported to CRMLS.
Sale history