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Jessie Rodriguez

info@calamericanhomes.com +1(909) 657-1022

$ 799,000

Est. payment -/mo

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Pending

743 Fraser AVE East Los Angeles, CA 90022

1,716 SqFt

UPDATED:

09/30/2024 05:51 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 1,716 sqft

Price per Sqft $465

MLS Listing ID DW24194435

HOA Y/N No

Year Built 1928

Lot Size 4,499 Sqft

Acres 0.1033

Property 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.

Location

State CA

County Los Angeles

Area Ela - East Los Angeles

Zoning LCR3YY

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Exterior

Garage None

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Street Lights, Sidewalks

Parking Type None

Total Parking Spaces 3

Private Pool No

Building

Lot Description 2-5 Units/Acre, Back Yard

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5240010022

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by David Gomez • Realty Executives Com. & Res. • 323-715-6261

Jessie Rodriguez

Owner | Realtor | License ID: 01418054

+1(909) 657-1022

Jessie Rodriguez

743 Fraser AVE East Los Angeles, CA 90022

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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743 Fraser AVE