1224 Fraser Avenue

Los Angeles, CA 90022

$1,075,000
Price
4
Beds
3
Baths
1,742 Sq. Ft.
$617 / Sq. Ft.
1,742
Sq. Ft.
$617
per Sq. Ft.

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 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.
  1. Listed by Toi Cha-Umpluke • DRE #01113616 • Brokerage DRE #01987041 • RE Counselors Inc • 213-494-1282

Property Details for 1224 Fraser Avenue

Architectural Style
See Remarks, Traditional
View
None
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Lot Size Source
Assessor
Property Attached YN
true
LISTING UPDATED: 10/07/2024 01:37 AM

Property Details for 1224 Fraser Avenue

StatusActive
MLS #GD24198155
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.11 AC / 4,846 SF
CountyLos Angeles County

Building Information for 1224 Fraser Avenue

Stories2Residences-Year Built1928Building Size-Lot Size0.11 AC / 4,846 SF

Property Information for 1224 Fraser Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, See Remarks
Income / Expense / Tax Details
Income Details
  • Gross Income: $60,804
  • Gross Scheduled Income: $60,804
  • Net Operating Income: $58,604
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $2,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,444
  • Trash Expense: $0
  • Water Sewer Expense: $226
  • Total Expenses: $6,162
Tax / Assessment Info
  • Tax Area: 6-457
  • Tax Block: L
  • Tax Tract: 7366
  • Tax Tract Number: 7366
  • Tax Census Tract: 5317.02
  • CFD/Mello-Roos Fee: $1,498
  • Tax Lot: 11
Community / Development
Community / Development
  • Assessments: None, Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Interior Features: Unfurnished
  • Room Type: Kitchen, Living Room
  • Laundry Features: None, Gas & Electric Dryer Hookup
  • Fireplace Features: None, Kitchen, Living Room
  • Cooling: None
  • Heat Source: Electric
  • Heating: Electric, Wall Furnace
  • Flooring: Laminate
Exterior Features
  • Window Features: Screens
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Security: Security Bars
  • Roof: Composition, Shingle
  • Entry Location: Front
  • Fence: Yes
  • Fencing: Brick, Fair Condition
  • Foundation Details: Raised, See Remarks, Slab
  • Property Condition: Repairs Cosmetic
  • Pool Features: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Direction Faces: Northwest
  • Land Lease: No
  • Land Value: $499,392.00
  • Road Surface Type: Gravel
  • Road Frontage Type: City Street
  • Levels: One, Two
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Available
  • Electric: Standard
  • Water Source: Private
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Features: Driveway, Driveway - Combination, Driveway Level
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,214
  • Unit Type Total Rent: $1,213
  • Unit Type Pro Forma: 1261
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,103
  • Unit Type Total Rent: $1,103
  • Unit Type Pro Forma: 1147
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,750
  • Unit Type Total Rent: $2,750
  • Unit Type Pro Forma: 2860
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2

Property History for 1224 Fraser Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1224 Fraser Avenue

Taxable ValueLand$499,392Additions$364,620Total$864,012
Tax Record2024$11,702 ($975 / month)
Home Facts
Total Finished SqFt1,742 SqFtAbove Grade Finished SqFt1,742 SqFtLot Size4,852 SqFtStyleTriplexYear Built1928ZoningLCR4YYCountyLOS ANGELESAPN5245-016-013

Schools near 1224 Fraser Avenue

This home is within Montebello Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Winter Gardens Elementary School
PublicK to 5

Montebello Intermediate School
Public6 to 8

Montebello High School
Public9 to 12

Applied Technology Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1224 Fraser Avenue is a multi-family home for sale in Los Angeles, CA 90022. This property was listed for sale on September 25, 2024 by RE Counselors Inc, it's currently listed at $1,075,000. It has been on the market for a total of 26 days and was last sold on February 22, 2022. This listing's school district is Montebello Unified School District. Nearby schools include Winter Gardens Elementary School, Montebello Intermediate School and Montebello High School. 1224 Fraser Avenue is a 4-bed, 3-bath, 1,742 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE Counselors Inc, Toi Cha-Umpluke, DRE #01113616

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.