32
See all 32 photos
$999,000
Est. payment /mo
6 Beds
2 Baths
1,872 SqFt
New
312 E 92nd ST Los Angeles, CA 90003
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
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.
GET MORE INFORMATION