new - 2 days on rocket

743 Fraser Ave, East Los Angeles, CA, 90022

$799,000

Home List Price

$9,488*

Closing Credit

0 Baths
Multi

Location

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743 Fraser Ave, Los Angeles$799,000

Buyer Closing Credits

$9,488*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingNone
Garage3 spaces
Year Built1928
MLS #DW24194435
Lot Size0.10 Acres
StatusActive

About 743 Fraser Ave

Perfect 3 unit multi-family investment property located in the very desirable rental area of East Los Angeles. First Time in the market in 28 years the subject property unit mix consists of 3 Stand Alone Spanish Style Bungalows with the front bungalow 1 bedroom and one bathroom and the middle and rear unit being 2 bedrooms and 1 bathroom each. This is an excellent opportunity. The new owner will appreciate the current income yielding a 5.9% cap rate and $266,333 cost per unit. Total rentable square feet of the building is approximately is 1716 and lot is 4499 square feet. The 3 rear garages can possibly be converted to an ADU. All rental units are separately metered for Gas and Electricity while the owner pays for Water & Trash. Tenants also enjoy the convenience of being located walking distance to the many shops and restaurants off of the famous Whittier Boulevard's retail corridor and within a short drive to the 5,60 and 710 freeways. With limited inventory this prime location is perfect for the 1031 exchange investor or a buyer that may want to live in one of the units. Must see to appreciate. Investor will not be disappointed.

Property Details

Property Features

Property Information:

  • Year Built: 1928
  • Stories: 1

Listing Office:

  • Office Name: Realty Executives Com. & Res.
  • Office Phone: (323) 715-6261
  • Listing Agent: David Gomez

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 3 spaces
  • Parking: None

Lot Features

Lot Information:

  • Lot: Back Yard
  • Lot Size: 0.10 Acres

School Info

Assigned Schools Information:

  • James A. Garfield Senior High School, Public Magnet Grades 9-12
  • East Los Angeles Renaissance Academy at Esteban E. Torres High School, Public District Grades 9-12
  • East Los Angeles Performing Arts Academy at Esteban E. Torres High School, Public District Grades 9-12
  • David Wark Griffith Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Ford Boulevard Elementary School, Public District Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: North of Whittier Blvd./ South of Hubbard Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $799,000
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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

34

# of Sold Homes

1609

743 Fraser Ave vs Los Angeles

2 DAYS ON ROCKET

-32 Days

$799,000

-$214.6K Less

KEY TAKEAWAY

This property is $214.6K less 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: #DW24194435

Listing Office:

  • Office Name: Realty Executives Com. & Res.
  • Office Phone: (323) 715-6261
  • Listing Agent: David Gomez

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: 9/20/2024, 10:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,462

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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.

Elementary School

school-card-donut-165855
3
/10

  • Ford Boulevard Elementary School

  • 1112 S Ford Blvd

  • 0.61 miles

  • Public District Grades KG-6

school-card-donut-165856
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 11.39 miles

  • Public Magnet Grades KG-6

school-card-donut-165857
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 22.54 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-165858
5
/10

  • David Wark Griffith Middle School

  • 4765 E 4th St

  • 0.62 miles

  • Public Magnet Grades 6-8

school-card-donut-165859
4
/10

  • Studio

  • 2211 W Avenue 30

  • 7.14 miles

  • Public District Grades 6-8

High School

school-card-donut-165860
7
/10

  • James A. Garfield Senior High School

  • 5101 E 6th St

  • 0.32 miles

  • Public Magnet Grades 9-12

school-card-donut-165861
5
/10

  • East Los Angeles Renaissance Academy at Esteban E. Torres High School

  • 4211 Dozier St

  • 1.58 miles

  • Public District Grades 9-12

school-card-donut-165862
4
/10

  • East Los Angeles Performing Arts Academy at Esteban E. Torres High School

  • 4211 Dozier St

  • 1.58 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,019. Typical income of Los Angeles, CA residents is less than $35k annually. 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›743 Fraser Ave

This home is located at 743 Fraser Ave in East Los Angeles, CA and zip code 90022 in the The Eastside neighborhood. This home, which was built in 1928, sits on a 0.10 acre lot. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $799,000.

In August 2024, from all listings sold in Los Angeles, CA there were more than 668 sold above asking price, over 728 sold below and more than 213 were sold right at the asked price. The number of homes for sale in Los Angeles, CA increased by 7.2% between July 2024 and August 2024. In August 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $1,013,623.

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

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