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$ 999,000
Est. payment /mo
New
312 E 92nd ST Los Angeles, CA 90003
6 Beds
2 Baths
1,872 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,872 sqft
Price per Sqft $533
MLS Listing ID 26641567
Bedrooms 6
HOA Y/N No
Year Built 1926
Lot Size 5,174 Sqft
Property Description
Welcome to a premier investment opportunity in the heart of Los Angeles, boasting an impressive 7.2% Cap Rate. This turn-key duplex is fully occupied and performing, featuring two spacious units each with 3 bedrooms and 1 bathroom. The property has undergone extensive updates over the last few years, ensuring a low-maintenance, tenant-ready experience from day one. All tenants are paying their utilities, so less expenses! Massive "forced appreciation" potential exists at the rear, where a long driveway leads to a garage and a ~600 sq. ft. legal storage room primed for conversion into a comfortable 1-bedroom ADU. With an additional 17 feet of driveway approach, there is room to expand the footprint into a 2 or 3-bedroom unit, or even build a second ADU above (buyer to verify). With the potential to collect almost $10,000 in monthly gross rent, this is a powerhouse addition to any portfolio. Call the listing agent or see private remarks for more details.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR1
Interior
Interior Features Ceiling Fan(s)
Heating Central
Fireplace No
Appliance Disposal
Exterior
Parking Features Door-Multi, Garage, Paved
Garage Spaces 2.0
Garage Description 2.0
Total Parking Spaces 6
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6052024033
Special Listing Condition Standard
Listed by Sohyoen Holthaus Urban Real Estate, Inc.