65
See all 65 photos
$1,999,000
Est. payment /mo
18 BD
5 BA
4,631 SqFt
New
930 Fraser AVE Los Angeles, CA 90022
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UPDATED:
01/14/2025 08:24 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,631 sqft
Price per Sqft $431
MLS Listing ID 25477541
Bedrooms 18
HOA Y/N No
Year Built 1929
Lot Size 4,922 Sqft
Property Description
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). 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 ~$200,000 yielding a GRM of just 10 and a phenomenal cap rate of 7.2%!! 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. Contact listing agent for more details.
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning LCP*
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Driveway
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5245004020
Special Listing Condition Standard
Listed by Daniel Shamooelian • Keller Williams Beverly Hills