$1,700,000

930 Fraser Avenue, Los Angeles, CA 90022

  • 18 beds |
  • 5 baths |
  • 4,631 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1929
  • Property Lot Size Icon4,922sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $367/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

WOW! True 9.6% Cap Rate!!! We are pleased to present for sale the "Fraser Flats" a newly renovated & 100% fully leased multifamily opportunity located in the heart of East LA! The subject property consists of a front duplex with two 1 bd/1 ba units and 16 SRO style units (16 single rooms with 3 shared baths + 4 toilets for the community + communal kitchen). The property was completed gutted by the current owner who spent over $400,000 in upgrades including brand new HVAC, new Roof, Plumbing, Electrical, Flooring, Paint, Furniture & more! This location offers residents a quick commute to Downtown Los Angeles and is a Walker's Paradise with a walk Score of 93! The property is only steps away from dining and shopping on Whittier Blvd with several public transportation options nearby. Current rents yield an impressive annual gross income of ~$218,000 yielding an impressive GRM of just 7.8 and an unheard cap rate of 9.6%!!! There is an additional 20% upside in rents. Each SRO unit is fully equipped with a queen-sized bed, full sized stainless-steel refrigerator and stainless-steel microwave. Shared space for showering and doing laundry all conveniently near your apartment home. Bathrooms are separate from your apartment home but are private and in the community. The front duplex is comprised of two 1 BD/1 BA units that are tenant occupied and under RSO. Do not miss this opportunity to purchase a CASH COW located in a high rental demand neighborhood of Los Angeles! Do not disturb current tenants, showings with an accepted offer only. Call for more details or to inquire about attractive financing opportunities, under 6% interest rate. WILL NOT LAST!!

Listing Status:
Active
Date Added:
September 9, 2025 at 05:00AM
Listing Office:
Keller Williams Beverly Hills : 310-432-6400
Listing Agent:
Daniel Shamooelian : 310-651-1800
MLS ID:
25573685
  • Parking: Parking spaces: 0
  • General: 2
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: LCP*5245004020
  • Source: CRMLS_CL

This listing courtesy of Daniel Shamooelian, Keller Williams Beverly Hills

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Ford Boulevard Elementary School

1112 S Ford Blvd, Los Angeles, CA, 90022

Grades KG-5

0.58 miles away

G

Griffith Middle School

4765 E 4th St, Los Angeles, CA, 90022

Grades 6-8

0.73 miles away

J

James A. Garfield Senior High School

5101 E 6th St, Los Angeles, CA, 90022

Grades 9-12

0.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.