1224 Fraser Avenue, Los Angeles, CA 90022

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Property Description

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.


Interior Features

Laundry Information
Location(s) Electric Dryer Hookup, Gas Dryer Hookup, None
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Laminate
Interior Information
Features Unfurnished
Cooling Type None

Listing Information

Address 1224 Fraser Avenue
City Los Angeles
State CA
Zip 90022
County Los Angeles
Listing Agent Toi Cha-Umpluke DRE #01113616
Courtesy Of RE Counselors Inc
List Price $1,075,000
Status Active
Type Residential Income
Subtype Triplex
Structure Size N/A
Lot Size 4,846
Year Built 1928

Listing information courtesy of: Toi Cha-Umpluke, RE Counselors Inc. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 1st, 2024 at 5:47 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.