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930 Fraser Ave, Los Angeles, CA 90022
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930 Fraser Ave Los Angeles, CA 90022

$1,750,000
  • 2 Beds
  • 18 Baths
  • 4,631 Sq.Ft.
For Sale
$1,750,000 Get Pre-Qualified
Map preview of 930 Fraser Ave, Los Angeles, CA 90022

Property Overview: 930 Fraser Ave Los Angeles, CA has 2 bedrooms, 18 bathrooms, 4,631 living square feet and 4,921 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: We are pleased to present for sale an incredible VALUE ADD multifamily investment opportunity located in the heart of East Los Angeles! Comprised of 16 VACANT SRO Units (16 single rooms with 3 shared bathrooms + 4 toilets) + a detached duplex (1 BD/1 BA each, one unit paying $925/month, the other $775/month), this property affords an investor a chance to reposition the building for maximum cash flow. Under $100,000/door!! Plans have been APPROVED to convert all SRO units into individual studios with their own bathrooms, as well as adding a 3rd unit to the front duplex = significant further income potential!!! Proforma income of almost $25,000/month after renovation completed! Brand new roof has been installed for the front duplex. The property is centrally located in East LA with convenient access to downtown LA, East LA College, USC Medical Center, and all shops & retail on Whittier Blvd. Excellent opportunity for senior living, homeless housing, or any other non-profit use! Do not miss your chance to purchase a CLEAN SLATE with tons of upside in a high rental demand area of Los Angeles. Floorplans available upon request. Contact listing agent for more details or to setup a showing.

Listed by Daniel Shamooelian | BRE #01984269 | Keller Williams Beverly Hills
Last checked: 9 minutes ago | Last updated: January 9th, 2024 | Source CRMLS | DOM: 90
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Home details

Lot Sq. Ft
4,921
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24344633
City
Los Angeles
County
Los Angeles
Time on Site
109 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 16
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $20,000
  • Pro Forma/Market Rent: $20,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $850
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 8%
  • Gross Rent Multiplier: 7.9
  • Gross Scheduled Income: --
  • Net Operating Income: $150,540
  • Gross Operating Income: $260,400
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 930 Fraser Ave

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Property Details for 930 Fraser Ave

Interior Features
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
Property Information
  • Total # of Units: 18
  • Parcel Number: 5245004020
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: South of Whittier Blvd, North of Olympic Blvd, East of Arizona Ave, West of Atlantic Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 930 Fraser Ave

View property's historical transactions

  • February, 2024

  • Feb 4, 2024

    Date

    Active

    CRMLS: SR24025348

    $15,000

    Price

  • Listing provided courtesy of CRMLS

    17 Unit boarding house available for master lease. There are 4 bathrooms shared between the units and all units have closets. Property is in a residential neighborhood and very close to the main commercial corridor of Whittier Boulevard where shops, restaurants, and public transportation are abundant.

  • January, 2024

  • Jan 31, 2024

    Date

    Canceled

    CRMLS: 24344633

    $1,750,000

    Price

  • Jan 9, 2024

    Date

    Active

    CRMLS: 24344633

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

  • January, 2024

  • Jan 9, 2024

    Date

    Active

    CRMLS: 24344633

    $1,750,000

    Price

  • January, 2024

  • Jan 3, 2024

    Date

    Canceled

    CRMLS: 22226991

    $1,815,000

    Price

  • Jan 3, 2023

    Date

    Active

    CRMLS: 22226991

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

    Price Reduced! Only ~$100,000/Unit!! We are pleased to present for sale an incredible VALUE ADD income opportunity located in the heart of East Los Angeles! Comprised of 16 VACANT SRO Units (16 single rooms with 3 shared bathrooms + 4 toilets) + a detached duplex (1 BD/1 BA each, one unit paying $925/month, the other $775/month), this property affords an investor a chance to reposition the building for maximum cash flow!! Plans have been APPROVED to convert all SRO units into individual studios with their own bathrooms, as well as adding a 3rd unit to the front duplex = significant further income potential!!! Proforma income of almost $25,000/month! Electrical permits have been completed to install combo smoke and carbon monoxide detectors throughout the property. Brand new roof has been installed for the front duplex. The property is centrally located in East LA with convenient access to downtown LA, East LA College, USC Medical Center, and all shops & retail on Whittier Blvd!! Excellent opportunity for senior living, homeless housing, or any other non-profit use! Do not miss your chance to purchase a CLEAN SLATE with tons of upside in a high rental demand area of Los Angeles. Floorplans available upon request. Contact listing agent for more details or to setup a showing.

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Tax History for 930 Fraser Ave

Assessed Value (2020): $495,358
Year Land Value Improved Value Assessed Value
2020 $98,942 $396,416 $495,358

Home Value Compared to the Market

This property vs the competition

930 Fraser Ave is listed 41.59% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $377.89 per/sqft which puts the price per square foot 51.11% lower than the median price per square foot for the city of Los Angeles.

About 930 Fraser Ave

Detailed summary of property

930 Fraser Ave is a multi family located in Los Angeles, CA 90022 and is currently for sale. This multi family property offers 2 bedrooms, 18 bathrooms, roughly 4,631 living square feet, and sits on an approximately 4,921 square foot lot. 930 Fraser Ave was first listed on ArdentRealEstateGroup.com on January 9, 2024. The homeowner is currently asking $1,750,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 41.59% higher than the median priced home. Local competing homes currently for sale include 532 S St Louis St, 3813 Baldwin St and 1611 E Cesar E Chavez Ave. While the average home in Los Angeles, CA is selling in 96 days, 930 Fraser Ave has a days on market of 90 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 930 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 930 Fraser Ave

Public county record property details
Beds
18
Baths
5
Year built
1929
Sq. Ft.
4,631
Lot Size
4,919
Stories
--
Type
Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel
Pool
No
Spa
No
County
Los Angeles
Lot#
125
APN
5245-004-020

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
$659,800
Median List Price/Sq.Ft.
$634
Median Sold Price
$685,000
Median Sold Price/Sq.Ft.
$752
Total Inventory
18
Median Sale to List Price %
100.74%
Avg Days on Market
35
Loan Type
Conventional (55.56%), FHA (22.22%), VA (0%), Cash (11.11%), Other (11.11%)

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Recently Sold Homes Near 930 Fraser Ave

931 Fraser Ave, Los Angeles, CA 90022
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6 Baths
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923 S La Verne Ave, Los Angeles, CA 90022
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755 Fraser Ave, Los Angeles, CA 90022
$437,500 Last Sold Price
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2 Baths
1631 Sq.Ft.
755 Fraser Ave
Los Angeles, CA 90022

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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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