CA > Los Angeles
Los Angeles, CA 90022,930 Fraser Ave
Los Angeles, CA 90022,930 Fraser Ave
Los Angeles, CA 90022,930 Fraser Ave
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Ron Taibi

Ron Taibi

+1(661) 212-1135
$1,700,000
Est. payment /mo
18 Beds
5 Baths
4,631 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,631 sqft

Price per Sqft $367

MLS Listing ID 25573685

Bedrooms 18

Year Built 1929

Lot Size 4,921 Sqft

Acres 0.113

Property Sub-Type Multi-Family

Property Description

WOW! True 9.6% Cap Rate!!! 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 + communal kitchen). 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 ~$218,000 yielding an impressive GRM of just 7.8 and an unheard cap rate of 9.6%!!! 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. Call for more details or to inquire about attractive financing opportunities! (under 6% interest rate!)

Location

State CA

County Los Angeles

Area East La

Zoning LCP*

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Other

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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Listed by Keller Williams Beverly Hills

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Ron Taibi

Ron Taibi

+1(661) 212-1135

Agent | License ID: 01240158

Agent License ID: 01240158

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