3 months on rocket

906 N Fries Ave, Wilmington, CA, 90744

$1,595,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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906 N Fries Ave, Los Angeles$1,595,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingNone
Year Built1928
MLS #PW24004528
Lot Size0.33 Acres
StatusActive

About 906 N Fries Ave

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.

Property Details

Property Features

Property Information:

  • Year Built: 1928
  • Stories: 2

Listing Office:

  • Office Name: West Shores Realty, Inc.
  • Office Phone: 310.720.3677
  • Listing Agent: Vlad Rodov

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: Front Yard
  • Lot Size: 0.33 Acres

School Info

Assigned Schools Information:

  • Phineas Banning Senior High School, Public Magnet Grades 9-12
  • Harbor Teacher Preparation Academy, Public District Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Studio, Public District Grades 6-8
  • Point Fermin Elementary School, Public Magnet Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6

Other

Directions Information:

  • Directions: turn north from Anaheim street on Fries. Property is on the east side of the street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,595,000

Tax Information:

  • Annual Amount: $11,369
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

906 N Fries Ave vs Los Angeles

106 DAYS ON ROCKET

+72 Days

$1,595,000

+$619K More

KEY TAKEAWAY

This property is $619K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24004528

Listing Office:

  • Office Name: West Shores Realty, Inc.
  • Office Phone: 310.720.3677
  • Listing Agent: Vlad Rodov

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 6:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 26, 2015Home Sold
$1,195,000
Jul 02, 2014Home Sold
$910,000

Tax History

YEARPROP. TAXASSESSMENT
2021$11,369$870,946
2020$11,050$860,532
2019$10,955$843,660
2018$10,689$827,118
2017$10,689$810,900

History based on county public records data.

Payment Calculator

$8,028

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,848

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4322519
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 4.85 miles

  • Public Magnet Grades KG-5

school-card-donut-4322520
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 21.45 miles

  • Public Magnet Grades KG-6

Middle School

school-card-donut-4322521
4
/10

  • Studio

  • 2211 W Avenue 30

  • 22.40 miles

  • Public District Grades 6-8

High School

school-card-donut-4322522
3
/10

  • Phineas Banning Senior High School

  • 1527 Lakme Ave

  • 0.92 miles

  • Public Magnet Grades 9-12

school-card-donut-4322523
10
/10

  • Harbor Teacher Preparation Academy

  • 1111 Figueroa Pl

  • 1.12 miles

  • Public District Grades 9-12

school-card-donut-4322524
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 17.97 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,752. Most Los Angeles, CA residents have annual incomes less than $35k. Typical family type is married, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 906 N Fries Ave

What is the listing price of this property?

The listing price of 906 N Fries Ave property is $1,595,000.

What type of property is this?

The property 906 N Fries Ave is a condo located in Wilmington, California, 90744.

Is this property for sale now?

Active Listing: 906 N Fries Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 906 N Fries Ave are:
Point Fermin Elementary School: GreatSchools Rating 6/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Studio: GreatSchools Rating 4/10
Phineas Banning Senior High School: GreatSchools Rating 3/10
Harbor Teacher Preparation Academy: GreatSchools Rating 10/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $11,369 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 26, 2015 for $1,195,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 906 N Fries Ave is 1928.

Rocket Homes›California›Los Angeles County›Los Angeles›90744›906 N Fries Ave

This home is located at 906 N Fries Ave in Wilmington, CA and zip code 90744 in the Wilmington neighborhood. This home, which was built in 1928, sits on a 0.33 acre lot. It has been listed on Rocket Homes since January 16, 2024 and is currently priced at $1,595,000.

In March 2024 more than 628 listings in Los Angeles, CA were sold above the asking price. During the same period more than 196 listings were sold at asking price, while more than 579 were sold below. Between February 2024 and March 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 10.8%. In March 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $975,970.

From Rocket Homes Real Estate and based on county public records data.

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