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1224 Fraser Ave Los Angeles, CA 90022

$1,075,000
  • 4 Beds
  • 3 Baths
  • 1,742 Sq.Ft.
For Sale
$1,075,000 Get Pre-Qualified
Map preview of 1224 Fraser Ave, Los Angeles, CA 90022

Property Overview: 1224 Fraser Ave Los Angeles, CA has 4 bedrooms, 3 bathrooms, 1,742 living square feet and 4,846 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Toi Cha-Umpluke | BRE #01113616 | RE Counselors Inc
Last checked: 4 minutes ago | Last updated: September 25th, 2024 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
4,846
HOA Dues
$0/mo
Year built
1928
Garage
4 Car
Property Type:
Triplex
Status
Active
MLS#
GD24198155
City
Los Angeles
County
Los Angeles
Time on Site
3 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 3
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,213
  • Total Rent: $1,213
  • Pro Forma/Market Rent: $1,261
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,103
  • Total Rent: $1,103
  • Pro Forma/Market Rent: $1,147
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $2,750
  • Pro Forma/Market Rent: $2,860
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $60,804
  • Net Operating Income: $58,604
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $2,200
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $3,444
  • Water/Sewer: $226

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Property Details for 1224 Fraser Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Electric, Wall Furnace
Laundry Information
  • None, Gas & Electric Dryer Hookup
Fireplace Information
  • None, Kitchen, Living Room
Room Information
  • Flooring: Laminate
  • Kitchen, Living Room
Interior Features
  • Unfurnished
  • Levels: One, Two
  • Window Features: Screens
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • Has Fence
  • Brick, Fair Condition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway, Driveway - Combination, Driveway Level
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 5245016013
  • Year Built Source: Assessor
  • Architectural Style: See Remarks, Traditional
  • Entry Level: 1
  • Foundation Details: Raised, See Remarks, Slab
  • Property is Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Private
  • Utilities: Electricity Connected, Sewer Connected, Water Available
Assessment Information
  • Assessments: None, Unknown
Location / Neighborhood
Location Information
  • Directions: 710 FWY North, exit on Olympic Blvd. East then Turn left on Fraser Avenue.
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1224 Fraser Ave

View property's historical transactions

  • September, 2024

  • Sep 25, 2024

    Date

    Active

    CRMLS: GD24198155

    $1,075,000

    Price

Tax History for 1224 Fraser Ave

Assessed Value (2020): $323,446
Year Land Value Improved Value Assessed Value
2020 $97,553 $225,893 $323,446

Home Value Compared to the Market

This property vs the competition

1224 Fraser Ave is listed 10.42% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771 and this home is listed at $617.11 per/sqft which puts the price per square foot 19.96% lower than the median price per square foot for the city of Los Angeles.

About 1224 Fraser Ave

Detailed summary of property

1224 Fraser Ave is a triplex located in Los Angeles, CA 90022 and is currently for sale. This triplex offers 4 bedrooms, 3 bathrooms, roughly 1,742 living square feet, and sits on an approximately 4,846 square foot lot. 1224 Fraser Ave was first listed on ArdentRealEstateGroup.com on September 25, 2024. The homeowner is currently asking $988,000-$1,075,000 and was originally asking $1,075,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 10.42% lower than the median priced home. Local competing homes currently for sale include 843 N Gage Ave, 3412 E 3rd St and 548 S Lorena St. While the average home in Los Angeles, CA is selling in 106 days, 1224 Fraser Ave has a days on market of 3 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1224 Fraser Ave Los Angeles, CA 90022 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1224 Fraser Ave

Public county record property details
Beds
5
Baths
3
Year built
1928
Sq. Ft.
1,742
Lot Size
4,852
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5245-016-013

The source for these homes facts are from public records.

90022 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$695,000
Median List Price/Sq.Ft.
$650
Median Sold Price
$640,000
Median Sold Price/Sq.Ft.
$494
Total Inventory
27
Median Sale to List Price %
101.6%
Avg Days on Market
32
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (50%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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