380 Fraser Avenue, Los Angeles, CA 90022

$595,000
List Price
$595,000
Status
ACTIVE
MLS#
DW24203064
Year Built
1955
Lot Size
4,793
Acres
0.11
Lot Location
2-5 Units/Acre
Days on Market
5
Property Type
Multifamily
Property Sub Type
Duplex
Stories
One Level

Property Description

Fantastic Investment Opportunity in East Los Angeles – Probate Sale! This duplex, hitting the market for the first time in many years, is a prime opportunity for investors seeking rental income. Located in a desirable East LA neighborhood, close to public transportation, shopping, dining, and major freeways (710, 60, and 10), commuting is a breeze. The front unit features 2 bedrooms and 1 full bathroom with its own private front yard. The rear unit also includes 2 bedrooms and 1 full bath with a private area for relaxation. Both units sit on a spacious, fully fenced lot with a block wall and a secure driveway gate. The long driveway provides parking for up to 4 or more vehicles and leads to a carport. This is a probate sale with full authority, meaning no court confirmation is required, making the process smooth and straightforward. Situated near the Metro Gold Line, East Los Angeles Civic Center, ELAC, and just minutes from CSULA, DTLA, and Little Tokyo, this property is in a high-demand rental area. Currently tenant-occupied month-to-month, this property is ready for the savvy investor looking to maximize rental returns. The seller is motivated, so don’t miss out on this valuable probate duplex investment property in the heart of East Los Angeles. This one won’t last long—see you in escrow!

Additional Information

Pool Description
None
Heat
Wall Furnace
Cooling Description
None
Sewer
Sewer Tap Paid
Water
Public
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$25,200

Listing courtesy of Listing Agent: Ricardo Ceballos Jr. (rickourrealtor@yahoo.com) from Listing Office: Circle Real Estate.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.