906 North Fries Avenue
906 North Fries Avenue
$1,595,000
8
10
6,312
6,312
$253
Virtual Tour
Description
Development opportunity. Cash cow building + Value add! 2 lots with 2 APNs. (7416-032-028 - 7,247sf per assessor) and (7416-032-027 - 7,244sf per assessor) Building sits on one APN, buyer can re-develop or sell the other APN. City says minimum 3 (non-rent controlled) units can be added to the vacant lot. Buyer to check. Beautiful character Spanish style building with tile roof. Bread and butter pride of ownership well-maintained 10 units. Significant RENTAL UPSIDE (raise rents, rent out parking spaces)...Development opportunity. Cash cow building + Value add! 2 lots with 2 APNs. (7416-032-028 - 7,247sf per assessor) and (7416-032-027 - 7,244sf per assessor) Building sits on one APN, buyer can re-develop or sell the other APN. City says minimum 3 (non-rent controlled) units can be added to the vacant lot. Buyer to check. Beautiful character Spanish style building with tile roof. Bread and butter pride of ownership well-maintained 10 units. Significant RENTAL UPSIDE (raise rents, rent out parking spaces) + add laundry machines for more income. See for yourself - the last rental - apt 4 was rented in December 2023 for $1,500. Market rent is about $16,400/ month, or $196,800/ year.
2023-2024 upgrades - exterior paint, stairs, upper and lower decks refinished, new fence, landscaping, auto sprinklers. Capital improvements since purchase in August 2015 - new main drain line from the building to the street (apx 150 feet). Fresh water lines (copper and pex combination) from main meter. New electrical wiring from meters to subpanels, new subpanels, panels, main breakers, Edison meters (10 units + house meter). Permits will be uploaded to supplements. Parking lot re-paved in 2015. Note -units #5,10 are bigger than the rest. Units #4,9 are studios.
2023-2024 upgrades - exterior paint, stairs, upper and lower decks refinished, new fence, landscaping, auto sprinklers. Capital improvements since purchase in August 2015 - new main drain line from the building to the street (apx 150 feet). Fresh water lines (copper and pex combination) from main meter. New electrical wiring from meters to subpanels, new subpanels, panels, main breakers, Edison meters (10 units + house meter). Permits will be uploaded to supplements. Parking lot re-paved in 2015. Note -units #5,10 are bigger than the rest. Units #4,9 are studios.
- Listed by Vlad Rodov • DRE #01717119 • Brokerage DRE #01948605 • West Shores Realty, Inc. • 310.720.3677
Property Details for 906 North Fries Avenue
Parking Spaces Total
23
Private PoolNo
Total Units10.0
Building TypeDetached
Lot Size SourceAssessor
Lot Size Dimensions145 x 100
Living Area6312
Assessor Parcel Number7416-032-028
Location
LISTING UPDATED: 06/07/2024 07:45 AM
Property Details for 906 North Fries Avenue
Status | Active |
---|---|
MLS # | PW24004528 |
Days on Market | 146 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1928 |
County | Los Angeles County |
Location
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Building Information for 906 North Fries Avenue
Building/Complex906 N Fries AveFloor-Stories2Residences-Pet Policy-Year Built1928Building Size-
Payment Calculator
$9,710 per month
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Property Information for 906 North Fries Avenue
Property History for 906 North Fries Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 906 North Fries Avenue
Taxable ValueLand$455,130Additions$450,940Total$906,070
Tax Record2023$12,059 ($1,005 / month)
Home Facts
Total Finished SqFt6,312 SqFtAbove Grade Finished SqFt6,312 SqFtLot Size7,247 SqFtStyleMulti-Family Res (5+ Units)Year Built1928ZoningLARD1.5CountyLOS ANGELESAPN7416-032-028
Schools near 906 North Fries Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Harry Bridges Span PublicK to 8 | ||
Phineas Banning Senior High School Public9 to 12 | ||
Vintage Math/Science/Technology Magnet School PublicK to 5 | ||
Richland Avenue Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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