Skip To Content

1224 Fraser Avenue

Los Angeles (City), CA 90022
  • $1,075,000
  • STATUS: Active
  • ON SITE: 212 Days
  • MLS #: GD24198155
UPDATED: 44 min ago
$1,075,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Listing Agent(s): Toi Cha-Umpluke of RE Counselors Inc (818-732-1415)


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. 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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T08:30:53.793. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/155849169
Print Image

1224 Fraser Avenue Los Angeles (City), CA 90022

  • Price: $1,075,000
  • Status: Active
  • On Site: 212 Days
  • Updated: 44 min ago
  • MLS #: GD24198155
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1928
Built
Neighborhood:
C23 - Metropolitan
County:
Los Angeles
Area:
C23 - Metropolitan
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. 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.
Exterior Features

Architectural Style See RemarksTraditional Direction Faces Northwest Entry Level 1 Entry Location Front Fencing BrickFair Condition Foundation Details RaisedSlabSee Remarks Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 4 Parking Features Driveway LevelDriveway Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Gravel Roof CompositionShingle Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features KitchenLiving RoomNone Fireplace YN No Flooring Laminate Heating ElectricWall Furnace Heating YN Yes Interior Features Unfurnished Window Features Screens

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Current Financing Conventional Disclosures Rent Control Electric Standard Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 60804 Gross Scheduled Income 60804 Insurance Expense 3444 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer HookupNone Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New LoanConventionalContract Net Operating Income 58604 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 2 Operating Expense 2200 Possession Close Of Escrow Property Condition Repairs Cosmetic Property Sub Type Triplex Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Smoke Detector(s)Window Bars Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasSee Remarks Total Actual Rent 3918 Trash Expense 0 Utilities Electricity ConnectedSewer ConnectedWater Available Water Sewer Expense 226.48 Water Source Private Zoning LCR4YY



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T08:30:53.793. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373398535-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373398535-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373398535-2.jpg
Logo
The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Toi Cha-Umpluke of RE Counselors Inc (818-732-1415)