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    East Los Angeles Triplex Opportunity Title is generated by Realmo AI

    1347 Fraser Avenue, Los Angeles, CA 90022

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    Claim this Listing
    For Sale
    $630,000

    Triplex - Los Angeles, CA

    Type:Triplex
    Property size:
    1,541 SF
    Lot size:
    4,827.00 Acres
    Price / SF:
    $408/SF
    Added:
    Nov 23, 2024
    Days on Market:
    567
    Last Refresh:
    Jun 13 at 3:06 am

    Property Features for 1347 Fraser Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Zoning
    LCR4YY
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
    Parking
    3
    Parking features
    Carport
    Exterior features
    Fence, Community Features Included: Sidewalks, Front Yard
    Fencing
    Fenced
    Standard status
    Active
    APN
    5245020023
    Size
    1,541 SF
    Lot size
    4,827.00 Acres

    Utilities

    Heating system
    Wall Furnace

    Building Details

    Year built
    1953
    Floors in Building
    1
    Number of units
    3
    Architectural style
    Other

    We can help!

    Listing Contact
    Gilbert Rivera

    Listing agent Gilbert Rivera License #01213587

    Listing office Marketing Specialists 900 Leyland Dr., DIAMOND BAR, CA

    Listing date Nov 23, 2024

    MLS# TR24239527 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Triplex: Offers immediate rental income potential.
    • Three 1‑bedroom, 1‑bath units: Provides a consistent unit configuration for easier management.
    • Three covered carport spaces: Provides tenants with covered parking.
    • East Los Angeles location: Convenient access to local amenities.
    • Proximity to 5 Freeway: Offers easy commuting options.
    • Built in 1953: Established property with potential for upgrades.

    Overview

    This triplex is located in East Los Angeles. The property features three 1-bedroom, 1-bath units. At the rear of the property are 3 covered carport spaces. The property is situated just north of the 5 freeway and south of Whittier Boulevard and Olympic Boulevard. The lot size is 0.11 acres. The property size is 1541 square feet. This investment property offers a good rental opportunity.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $51.8k $33.60
    − Vacancy −$1.3k −$0.84
    EGI $50.5k $32.76
    − OpEx −$15.1k −$9.83
    NOI $35.3k $22.93
    1,541 SF · lease $33.60/SF/yr · vacancy 2.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $504.8K
    $441.7K – $589.0K (±1% cap)
    NOI $35,338 @ 7.0% cap · market cap 5.61%
    Second Best
    Apartment 5plus
    $460.2K
    $402.7K – $537.0K (±1% cap)
    NOI $32,217 @ 7.0% cap · market cap 5.11%
    Theoretical Best
    Office A
    $627.9K
    $549.4K – $732.5K (±1% cap)
    NOI $43,950 @ 7.0% cap · market cap 6.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.1641892
    Latitude
    34.0137748

    FAQs

    What type of property is this?
    Triplex - Triplex in East Los Angeles with carport and rental potential.
    Where is this triplex located?
    The property is located at 1347 Fraser Avenue Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $630,000.
    What are key features of this property?
    This property features: Triplex: Offers immediate rental income potential.; Three 1‑bedroom, 1‑bath units: Provides a consistent unit configuration for easier management.; Three covered carport spaces: Provides tenants with covered parking.
    More about this property
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