Rare Investment Opportunity in Strong Rental Market of East Los Angeles. Corner Lot, End Of Street Location, Separate Meters (Electric and Gas) For All Three Units, Plus No Homes On Either Side Of The Property. Unit Mix: (3 Total) 1 Bedroom 1 Bathroom Units With Front and Rear Entrances and Ideal Floor Plans. (1 Total) 1 Bedroom 1 Bathroom Conversion in Rear. Fully Renovated Middle Unit (Currently Vacant) With: New Flooring, New Paint, New Granite Countertops, New Bathtub Shower Combo and New Fixtures, New Vanity, New Toilet, New Fans, and Newer Water Heater inside! ADU Potential with Garage in Rear Building. Possible Coin Laundry For Additional Income On Side of Rear Unit or Inside Vacant Garage. Property Features a "40 Year Roof" on Triplex, Granite Counter Tops in 2 Kitchens, and Full Copper Plumbing Up to Main Line. Fully Gated and Secured Property with Enclosed Back and Side Yards. Ample Parking with 4 Dedicated Parking Spaces in Front for Each Unit, Side Parking, Rear Garage, and Has Open Off-Street Parking Available. Cash Cow Rental Producing $4150 Average Per Month With Pro Forma of $6000 Per Month (not including converting rear garage into income or coin laundry). CONTACT NOW TO ATTEND SHOWING OF ENTIRE PROPERTY!
Listed By CRMLS_CA / Justin Yee / Full Realty Services
Last checked:
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Last updated Jul 23, 2023
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MLS# OC22239661 —
The Building
Year Built:
1953
Year Built Source:
Assessor
New Construction:
No
Construction Materials:
Concrete, Stucco
Architectural Style:
Custom Built
Roof:
Shingle
Entry Level:
1
Foundation:
Concrete Perimeter, Raised
Accessibility Features:
No Interior Steps
Common Walls:
No Common Walls
Number With Patio:
4
Building Area Total:
1389.00
Building Area Units:
Square Feet
# of Buildings:
2
Total Number Of Units:
4
Stories Total:
1
# of Separate Gas Meters:
3
# of Separate Water Meters:
1
# of Separate Electric Meters:
3
Interior
Features:
Ceiling Fan(s), Copper Plumbing Partial, Granite Counters, Open Floorplan, Storage
Levels:
One
Entry Location:
1
Door Features:
Storm Door(s)
Window Features:
Blinds, Screens
Flooring:
Laminate, Tile
Room Type:
All Bedrooms Down, Family Room, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
Fireplace:
No
Fireplace:
None
Laundry:
Common Area, Electric Dryer Hookup, Outside, Washer Hookup
Laundry:
1
Financial & Terms
Disclosures:
Accessory Dwelling Unit, Principal Is RE Licensed
Location
Directions:
Heading WEST on WHITTIER BLVD, Head NORTH (Make a RIGHT) Onto FRASER AVE, PROPERTY IS THE LAST PROPERTY AT END OF STREET ON LEFT SIDE OF STREET
Latitude:
34.03256600
Longitude:
-118.15793800
The Property
Property Type:
Residential Income
Subtype:
Triplex
Property Condition:
Additions/Alterations, Turnkey, Updated/Remodeled
Zoning:
LCR3YY
Lot Features:
Corner Lot, Level with Street, Level, Near Public Transit, Paved
Lot Size Area:
6292983.0000
Lot Size Acres:
144.4670
Lot Size SqFt:
6292983.00
Lot Size Source:
Assessor
View:
1
View:
Neighborhood
Fencing:
Average Condition, Barbed Wire, Chain Link, Wood, Wrought Iron
Fence:
Yes
Security Features:
Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
Road Frontage:
City Street
Road Surface Type:
Maintained, Paved
Additional Parcels:
No
Other Structures:
Guest House Detached, Second Garage Detached
Land Lease:
No
Listing Agent
Contact info:
No listing contact info available
Taxes
Tax Census Tract:
5316.03
Tax Area:
1010
Tax Tract:
1010
Tax Lot:
3
The Listing
Buyer's Brokerage Compensation:
2.100%
Special Listing Conditions:
Standard
Buyer's Brokerage Compensation:
$2.10
Parcel Number:
5248005036
Heating & Cooling
Heating:
1
Heating:
Wall Furnace
Cooling:
Yes
Cooling:
Wall/Window Unit(s)
Utilities
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:
Public Sewer
Electric:
Electricity - On Property, Standard
Water Source:
Public
Appliances
Appliances:
Electric Oven, Free-Standing Range, Gas Range, Range Hood
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date
Event
Source
Price
% Change
1/17/23
Jan 17, 2023
Sold
CRMLS_CA
$725,000
0.7%
1/10/23
Jan 10, 2023
Pending
CRMLS_CA
$719,999
12/6/22
Dec 6, 2022
Sold Subject To Contingencies
CRMLS_CA
$719,999
Finding records…
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No additional history available
If new records are added for this property, we’ll share them here.
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Multifamily
Sold
on 1/17/2023
$725,000
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Listing provided by broker:
Justin Yee
Full Realty Services
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
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Listing Courtesy of: CRMLS_CA and Full Realty Services.
Based on information from California Regional Multiple Listing Service, Inc. as of 15:44 on Apr 26.
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.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
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Last updated Jul 23, 2023
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