This multi-family property compromises 3 units. Front is a duplex with 1 bedroom and 1 bath each. In rear is 3 bedrooms with 1 bath, it is a 2-story building, 2 bedrooms and 1 bath is for upstairs and another 1 bedroom is downstairs. Prior to current seller purchased the subject property, it was rent 1 bedroom downstairs, Seller has a court dated on October 9th,24 for eviction to correct and follow the city code and permit to make it legalized and it can be 4 units later. Great opportunity to own this well-maintained Triplex. It considers centrally located for your next investment adventure. Fully occupied with long-term tenants and from all receipts showed all rents were paid on time. It has 3 meters for gas and 3 meters for electric. Tenants paid gas and electric bills, whereas owner pays for water, sewer, garbage. Residents can easily walk to main street (Olympic Blvd.), close to all transportation, restaurant and dining options, shopping destinations, convenience to tenants. This property situated on almost 4,852 Sqft.lot size. The levels space in rear is a private area for all to enjoy, low maintenance. It has a long driveway for parking. Easy access to FWY 710 North. Building in rear has potential for development of additional units, buyer(s) to investigate with City Code and Permits requirement.
Property Details
Price:
$1,075,000
MLS #:
GD24198155
Status:
Active
Baths:
0
Address:
1224 Fraser Avenue
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
c23metropolitan
City:
Los Angeles
Listed Date:
Sep 25, 2024
State:
CA
ZIP:
90022
Lot Size:
4,846 sqft / 0.11 acres (approx)
Year Built:
1928
See this Listing
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Schools
Interior
Cooling
None
Fireplace Features
None, Kitchen, Living Room
Flooring
Laminate
Heating
Electric, Wall Furnace
Interior Features
Unfurnished
Window Features
Screens
Exterior
Community Features
Sidewalks
Electric
Standard
Fencing
Brick, Fair Condition
Foundation Details
Raised, See Remarks, Slab
Garage Spaces
4.00
Lot Features
2-5 Units/ Acre
Parking Features
Driveway, Driveway – Combination, Driveway Level
Parking Spots
4.00
Pool Features
None
Roof
Composition, Shingle
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Private
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas, See Remarks
Utilities
Electricity Connected, Sewer Connected, Water Available
Map
Community
- Address1224 Fraser Avenue Los Angeles CA
- AreaC23 – Metropolitan
- CityLos Angeles
- CountyLos Angeles
- Zip Code90022
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Courtesy of RE Counselors Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1224 Fraser Avenue
Los Angeles, CA
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