1347 Fraser Avenue 1-3, Los Angeles, California 90022, Los Angeles, 90022 - bed, bath
ACTIVE$725,000
1347 Fraser Avenue 1-3, Los Angeles, California 90022
0Bed
0Bath
1,541Sqft
4,827Lot
Year Built
1953
Close
-
List price
$725K
Original List price
$750K
Price/Sqft
$470
HOA
-
Days on market
-
Sold On
-
MLS number
TR24239527
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $725.0K(12th), sqft - 1541(12th), beds - undefined(50th), baths - undefined(50th).
WONDERFUL Triplex opportunity in East Los Angeles! Three 1-bedroom, 1-bath units attached. Plus 3 covered carport spaces at rear. Located just north of the 5 freeway and south of Whittier Blvd and Olympic Blvd. This investment property offers a good rental opportunity.
Price History
Date
Event
Price
09/03/25
Price Change
$725,000
11/23/24
Listing
$750,000
Condition Rating
Poor
Built in 1953, this property shows significant age and a clear lack of modern updates. The visible bathrooms are extremely outdated with worn fixtures, old sinks, and dated tiling, suggesting no major renovations in decades. While described as a 'rental opportunity,' the property requires substantial repairs and rehabilitation throughout, including likely the kitchens (not pictured but inferred from bathroom condition), electrical, plumbing, and HVAC systems, to meet contemporary living standards. It is functional but would be uncomfortable or undesirable for many without significant investment.
Pros & Cons
Pros
Income-Generating Asset: This property is a Triplex, explicitly marketed as a 'Residential Income' opportunity, providing three distinct rental units for immediate cash flow.
Multiple Units: Comprising three 1-bedroom, 1-bath units, it offers diversified rental income streams and reduces vacancy risk compared to a single-unit property.
Dedicated Parking: The inclusion of three covered carport spaces at the rear adds significant value and convenience for tenants, a desirable amenity in Los Angeles.
Strategic Location: Situated in East Los Angeles, just north of the 5 freeway and south of Whittier Blvd and Olympic Blvd, offering good accessibility and proximity to major transportation routes and local amenities.
Recent Price Adjustment: The property has seen a recent price reduction from $750,000 to $725,000, potentially indicating motivated sellers and a more attractive entry point for investors.
Cons
Age of Property: Built in 1953, the property is over 70 years old, suggesting potential for aging infrastructure, systems (plumbing, electrical), and higher maintenance or renovation costs.
Small Unit Configuration: All three units are 1-bedroom, 1-bath, which may limit the tenant pool and potential rental income compared to properties offering larger unit sizes.
Lack of Condition Details: The description lacks specific information regarding the current condition of the units or any recent upgrades, implying potential for deferred maintenance or necessary capital expenditures.