Los Angeles, CA 90022 1224 Fraser Avenue
$1,075,000
4 more
Presented By: Toi Cha-Umpluke with RE Counselors Inc; 213-494-1282
Beds • 1
Baths • 1
SQFT • 1,742
Garage • 4
Home Details
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 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.
Presented By: Toi Cha-Umpluke with RE Counselors Inc; 213-494-1282
Interior Features for 1224 Fraser Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesKitchen, LivingRoom, None
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Laundry FeaturesElectricDryerHookup, GasDryerHookup, None
Total Stories2
Window FeaturesScreens
Other Rooms
Entry Level1
General for 1224 Fraser Avenue
Additional Parcels Y/NNo
Architectural StyleSeeRemarks, Traditional
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
CoolingNone
CountyLos Angeles
Current FinancingConventional
Days on Market1
Directions710 FWY North, exit on Olympic Blvd. East then Turn left on Fraser Avenue.
DisclosuresRentControl
ElectricStandard
Electric Expense0.0
Entry LocationFront
Facing DirectionNorthwest
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income60804.0
HOA0.0
HeatingElectric, WallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense3444.0
Interior FeaturesUnfurnished
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, Two
Lot Size Square Feet4846.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income58604.0
New ConstructionNo
NumberOfUnitsTotal3
Operating Expense2200.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property ConditionRepairsCosmetic
Property Sub Type AdditionalTriplex
Property SubTypeTriplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition, Shingle
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors, WindowBars
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot11
Tenant PaysElectricity, Gas, SeeRemarks
TermsCashtoNewLoan, Conventional, Contract
Total Actual Rent5067.01
Trash Expense0.0
UtilitiesElectricityConnected, SewerConnected, WaterAvailable
ViewNone
View Y/NNo
Water Sewer Expense226.48
Waterfront Y/NNo
Year Built1928
Year Built SourceAssessor
ZoningLCR4YY
Exterior for 1224 Fraser Avenue
Building Area Total1742.0
Crops Included Y/NNo
FencingBrick, FairCondition
Foundation DetailsRaised, Slab, SeeRemarks
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre
Lot Size Acres0.1112
Lot Size Area4846.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters3
Number of Separate Water Meters2
Open Parking Y/NNo
Parking FeaturesDrivewayLevel, Driveway
Road Frontage TypeCityStreet
Road Surface TypeGravel
SpaNo
Total Parking4.0
Water SourcePrivate
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480