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930 Fraser Avenue
USD 1,750,000
Property ID: 24344633
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930 Fraser Avenue ,90022
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icon 4921 SqFt
icon Built in 1929
icon USD 356/SqFt
icon 18 Beds
icon 5 Full
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Location
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Interior Details
Bedrooms
18
Bathrooms
5
Interior Size
4631
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1929
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Detailed Introduction Of This Home
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.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (23)
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930 Fraser Avenue
USD 1,750,000 18 Beds
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