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    634 W 92ND Street

    Los Angeles (City), CA 90044
    • $2,950,000
    • STATUS: Active Under Contract
    • ON SITE: 119 days
    • ID#: 20585076
    Under Contract
    UPDATED: 17 min ago
    $2,950,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    We are pleased to present the opportunity to acquire a 19-unit Apartment Building in the Vermont Vista neighborhood of South Los Angeles. Built in 1965, 634 W 92nd Street sits on a 18,106 square foot lot and offers 14,616 square feet of rentable space. The property is comprised of (17) 2 Bed/1 Bath units and (2) 3 Bed/1 Bath units and provides tenants with ample on-site parking spaces. The 19 unit apartment building is gated, individually metered for gas and electricity and has undergone renovations including a newer roof, copper plumbing throughout, completed seismic retrofitting and a newly restored second-story walkway. The property also features on-site laundry and two large storage spaces in the rear of the building that can be rented out to tenants for additional income or offered as additional private parking spaces. The property will be delivered with (1) vacant, rent-ready 2 Bed/1 Bath unit, allowing an incoming investor to immediately achieve market rents for that unit.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T23:27:28.74. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/106434805
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    634 W 92ND Street Los Angeles (City), CA 90044

    • Price: $2,950,000
    • Status: Active Under Contract
    • Updated: 17 min ago
    • ID#: 20585076
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    1965
    Built
    Neighborhood:
    C36 - Metropolitan Southwest
    County:
    Los Angeles
    Area:
    C36 - Metropolitan Southwest
    Property Description
    We are pleased to present the opportunity to acquire a 19-unit Apartment Building in the Vermont Vista neighborhood of South Los Angeles. Built in 1965, 634 W 92nd Street sits on a 18,106 square foot lot and offers 14,616 square feet of rentable space. The property is comprised of (17) 2 Bed/1 Bath units and (2) 3 Bed/1 Bath units and provides tenants with ample on-site parking spaces. The 19 unit apartment building is gated, individually metered for gas and electricity and has undergone renovations including a newer roof, copper plumbing throughout, completed seismic retrofitting and a newly restored second-story walkway. The property also features on-site laundry and two large storage spaces in the rear of the building that can be rented out to tenants for additional income or offered as additional private parking spaces. The property will be delivered with (1) vacant, rent-ready 2 Bed/1 Bath unit, allowing an incoming investor to immediately achieve market rents for that unit.
    Exterior Features

    Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Property Features

    Country Us Gross Income 275748.00 Gross Multiplier 10.70 Gross Operating Income 268256.00 Land Lease YN No Net Operating Income 135714.00 Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Total Expenses 132542.00 Vacancy Allowance Rate 1.00 Zoning Lard1.5

    Listing provided courtesy of Sevak Keshishian of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T23:27:28.74. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
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