1347 Fraser Avenue 1-3, Los Angeles, California 90022, Los Angeles, 90022 - 0 bed, 0 bath
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Los Angeles, California 90022
This Triplex Investment Asset represents a High-Potential Investment Opportunity with a List Price of $630,000, positioned accurately at its $630,000 Fair Market Value. Comprising three 1-bedroom, 1-bathroom units currently generating $3,360 in monthly gross income, the property offers a stable entry point into the East Los Angeles rental market. Given the Fair Condition Rating and 1953 vintage, there is significant room for forced appreciation through interior modernizations. Featuring three covered carports and proximity to the 5 freeway, this is a strategic acquisition for Buy-and-Hold Investors or Value-Add Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1347 Fraser Avenue 1-3 Subject | $630,000* List Price | 0 | 0 | 1,541 | $409 | - |
A 618 S Mcbride Avenue Sold | $626,000 | 0 | 0 | 1,319 | $475 | 0.9 mi |
B 708 S Eastern Avenue Active | $729,999 List Price | 4 | 2 | 1,444 | $506 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1953, is a triplex with individual units that appear to be aged. While the listing mentions it's an investment opportunity, the images show dated kitchens with older appliances and cabinetry, and bathrooms that are functional but clearly not updated recently. The flooring in the living area appears to be hardwood, but the kitchen flooring is tile and linoleum, both showing signs of wear. The overall condition suggests a property that has been maintained but requires updates to meet modern standards, aligning with the 'fair' condition criteria for a property of this age with no recent major renovations.
This triplex offers a strong rental income opportunity in a desirable East Los Angeles location, ideal for investors.
Comprising three separate 1-bedroom, 1-bath units, this property maximizes rental potential and diversification.
Includes three covered carport spaces at the rear, a significant amenity for tenants in this urban area.
Built in 1953, the property may require updates or renovations to meet modern standards and tenant expectations.
Each unit is a compact 1-bedroom, 1-bath, which may limit appeal to larger households or those seeking more space.
The description does not provide details on the current condition of individual units or the overall structure, necessitating thorough inspection.
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. Each unit paying $1120/mo.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,541 | 1,814.5 | 43% |
| Lot Size | 4,827 | 6,252 | 29% |
| Price | $630.0K | $747.0K | 29% |
| Price per sq ft | $409 | $426 | 50% |
| Built year | 1953 | 1929 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 515 | 261 | 0% |
Feb 10, 2026
$630,000
$725,000
-13% Price Drop
Initial Listing
Sep 3, 2025
$725,000
Initial Listing
Nov 23, 2024
$750,000
Initial Listing