2 months on rocket

1224 Fraser Ave, Los Angeles, CA, 90022

$1,075,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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1224 Fraser Ave, Los Angeles$1,075,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingDriveway Level, Driveway
Garage4 spaces
Year Built1928
HeatingElectric, Wall Furnace
CoolingNone
FireplaceKitchen, Living Room, None
ViewNone
MLS #GD24198155
Lot Size0.11 Acres
StatusActive

About 1224 Fraser Ave

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.

Property Details

Property Features

Property Information:

  • Architectural Style: See Remarks, Traditional
  • Year Built: 1928
  • Stories: 2

Listing Office:

  • Office Name: RE Counselors Inc
  • Office Phone: (213) 494-1282
  • Listing Agent: Toi Cha-Umpluke

Interior Features

Interior Information:

  • Flooring Type: Laminate
  • Interior: Unfurnished
  • Fireplace: Kitchen, Living Room, None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 4 spaces
  • Parking: Driveway Level, Driveway

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Electric, Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: 710 FWY North, exit on Olympic Blvd. East then Turn left on Fraser Avenue.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,075,000

Tax Information:

  • Annual Amount: $5,177
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

1224 Fraser Ave vs Los Angeles

83 DAYS ON ROCKET

+45 Days

$1,075,000

+$53.4K More

KEY TAKEAWAY

This property is $53.4K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #GD24198155

Listing Office:

  • Office Name: RE Counselors Inc
  • Office Phone: (213) 494-1282
  • Listing Agent: Toi Cha-Umpluke

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 5:21:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$5,177$326,791
2020$5,008$322,966
2019$5,058$316,635
2018$4,960$310,427
2017$4,960$304,341

History based on county public records data.

Payment Calculator

$5,433

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,289

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-52231
4
/10

  • Winter Gardens Elementary

  • 1277 Clela Ave

  • 0.06 miles

  • Public District Grades KG-5

school-card-donut-52232
3
/10

  • Ford Boulevard Elementary School

  • 1112 S Ford Blvd

  • 0.56 miles

  • Public District Grades KG-5

school-card-donut-52233
8
/10

  • Kipp Raices Academy

  • 668 S Atlantic Blvd

  • 0.59 miles

  • Public Charter Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,696. Most Los Angeles, CA residents have annual incomes between $35k-100k. Most families are married, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90022›1224 Fraser Ave

This home is located at 1224 Fraser Ave in Los Angeles, CA and zip code 90022 in the The Eastside neighborhood. This home, which was built in 1928, sits on a 0.11 acre lot. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $1,075,000.

In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 2024. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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