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1531 E 92nd Street , #1234

Los Angeles (City), CA 90002
  • $1,140,000
  • STATUS: Closed
  • ON SITE: 65 Days
  • ID#: PW24140887
Sold - 08/14/2024
$1,140,000
SOLD - 08/14/2024
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1993
County:
Area:

School Ratings & Info

Listing Agent(s): Tony Hong of Keller Williams Coastal Prop. (562-961-1400) and Richard Chung of Keller Williams Coastal Prop.(562-961-1400)


Description

AVAILABLE TO SHOW by appointment only. 7.2% CAP RATE! Discover an exceptional investment opportunity with this charming quadplex, perfectly situated in the vibrant heart of Los Angeles. Located at 1531 E 92nd Street, this property offers four distinct units, each designed to provide comfortable living spaces. This quadplex combines classic Los Angeles charm with modern conveniences, providing a perfect blend for tenants. Nestled in a sought-after neighborhood, residents will enjoy easy access to downtown Los Angeles, major freeways, and public transportation. With the high demand for rental properties in the area, this quadplex guarantees a steady stream of income, making it an excellent addition to your real estate portfolio. Includes two tandem parking spaces for each unit, a valuable amenity in the bustling city. Whether you are an experienced investor or looking to make your first foray into real estate, this property promises to deliver significant benefits. Don't miss out on this rare opportunity to own a piece of Los Angeles real estate that offers both immediate and long-term financial gains. Schedule a viewing today and take the first step toward enhancing your investment portfolio.

Sold by Jason Lee of JLM Real Estate Inc..

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-14T00:30:59.457. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/152486571
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1531 E 92nd Street , #1234 Los Angeles (City), CA 90002

  • Price: $1,150,000
  • Status: Closed
  • On Site: 65 Days
  • Updated: 21 min ago
  • ID#: PW24140887
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1993
Built
Neighborhood:
WATT - Watts
County:
Los Angeles
Area:
WATT - Watts
Property Description
AVAILABLE TO SHOW by appointment only. 7.2% CAP RATE! Discover an exceptional investment opportunity with this charming quadplex, perfectly situated in the vibrant heart of Los Angeles. Located at 1531 E 92nd Street, this property offers four distinct units, each designed to provide comfortable living spaces. This quadplex combines classic Los Angeles charm with modern conveniences, providing a perfect blend for tenants. Nestled in a sought-after neighborhood, residents will enjoy easy access to downtown Los Angeles, major freeways, and public transportation. With the high demand for rental properties in the area, this quadplex guarantees a steady stream of income, making it an excellent addition to your real estate portfolio. Includes two tandem parking spaces for each unit, a valuable amenity in the bustling city. Whether you are an experienced investor or looking to make your first foray into real estate, this property promises to deliver significant benefits. Don't miss out on this rare opportunity to own a piece of Los Angeles real estate that offers both immediate and long-term financial gains. Schedule a viewing today and take the first step toward enhancing your investment portfolio.
Exterior Features

Entry Level 2 Entry Location 1 Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 8 Parking Features GatedOne SpaceTandemUncovered Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

Interior Features

Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Buyer Financing Conventional Cap Rate 7.22 Common Interest Community Apartment Community Features Street LightsSidewalksUrban Garage YN No Gross Income 95323 Gross Scheduled Income 95323 Insurance Expense 2200 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Net Operating Income 83039 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 12284 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Total Actual Rent 7943.6 Trash Expense 0 Water Sewer Expense 5000 Water Source Public Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-14T00:30:59.457. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
10300 Fourth St. Ste 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Tony Hong of Keller Williams Coastal Prop. (562-961-1400) and Richard Chung of Keller Williams Coastal Prop.(562-961-1400)