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931 Fraser Ave, Los Angeles, CA 90022
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931 Fraser Ave Los Angeles, CA 90022

$975,000 Sold Price as of 03/15/2024
  • 7 Beds
  • 6 Baths
  • 2,822 Sq.Ft.
Sold
$975,000 Sold Price as of 03/15/2024 Refinance Your Mortgage
Map preview of 931 Fraser Ave, Los Angeles, CA 90022

Property Overview: 931 Fraser Ave Los Angeles, CA has 7 bedrooms, 6 bathrooms, 2,822 living square feet and 4,933 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: EXISTING TRIPLEX + BRAND NEW 980 SF BEAUTIFULLY CONSTRUCTED FREESTANDING 4TH UNIT (ADU)! HARDWOOD FLOORS THROUGHOUT!! WASHER/DRYER HOOKUP! ALSO, ONE OF THE 1 BEDROOM UNITS MAY ALSO BE WILLING TO VACATE. THIS IS A RARE OPPORTUNITY TO TAKE ADVANTAGE OF A NICE STABILIZED PROPERTY!! CALL TODAY, THIS WON'T LAST LONG!! LONG TERM TENANTS IN PLACE, LOW EXPENSES, STABLE INCOME, GET IN WHILE YOU CAN! THIS PROPERTY IS PRICED TO SELL AT A 7% CAP RATE.

Listed by Cameron Hale | BRE #02180834 | Apex Properties
Last checked: 1 minute ago | Last updated: March 25th, 2024 | Source CRMLS | DOM: 62

Home details

Lot Sq. Ft
4,933
HOA Dues
$0/mo
Year built
2023
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
DW23222035
City
Los Angeles
County
Los Angeles
Time on Site
158 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,825
  • Total Rent: $1,825
  • Pro Forma/Market Rent: $2,025
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.5%
  • Gross Rent Multiplier: 12.1
  • Gross Scheduled Income: $98,280
  • Net Operating Income: $74,330
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $23,950
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $13,250
  • Trash: $0
  • Insurance: $5,500
  • Maintenance: $2,400
  • Water/Sewer: $2,800

Property Details for 931 Fraser Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, In Closet, Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5245005025
  • Year Built Source: Builder
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Whittier BLVD, West Of Atlantic BLVD
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 931 Fraser Ave

Last sold for $975,000 on March 15th, 2024

  • March, 2024

  • Mar 15, 2024

    Date

    Sold

    CRMLS: DW23222035

    $975,000

    Price

  • Dec 6, 2023

    Date

    Active

    CRMLS: DW23222035

    $1,188,000

    Price

  • January, 2018

  • Jan 19, 2018

    Date

    Sold (Public Records)

    Public Records

    $455,000

    Price

  • November, 2000

  • Nov 13, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 931 Fraser Ave

Assessed Value (2020): $473,382
Year Land Value Improved Value Assessed Value
2020 $260,100 $213,282 $473,382

Home Value Compared to the Market

This property vs the competition

931 Fraser Ave sold on March 15, 2024 for 10.92% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $375.62 per/sqft which puts the price per square foot 50.25% lower than the current median sale per square foot for the city of Los Angeles.

About 931 Fraser Ave

Detailed summary of property

931 Fraser Ave is a fourplex that recently sold in Los Angeles, CA 90022. This fourplex offered 7 bedrooms, 6 bathrooms, roughly 2,822 living square feet, and sits on an approximately 4,933 square foot lot. 931 Fraser Ave was first listed on ArdentRealEstateGroup.com on December 6, 2023. The homeowner sold the property for $975,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 10.92% lower than the current median priced home. Local homes that are currently for sale include 548 S Lorena St, 1004 N Hicks Ave and 923 N Alma Ave. While the average home in Los Angeles, CA is selling in 93 days, 931 Fraser Ave has a days on market of 62 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 931 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 931 Fraser Ave

Public county record property details
Beds
4
Baths
4
Year built
1929
Sq. Ft.
1,842
Lot Size
4,933
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
120
APN
5245-005-025

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
$669,000
Median List Price/Sq.Ft.
$629
Median Sold Price
$605,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
20
Median Sale to List Price %
101%
Avg Days on Market
17
Loan Type
Conventional (25%), FHA (25%), VA (0%), Cash (25%), Other (0%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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