1341 W 92nd Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$599,999
1341 W 92nd Street, Los Angeles, California 90044
0Bed
0Bath
1,409Sqft
5,469Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property consists of two separate detached units, providing immediate rental income and a stable cash flow stream for an investor.
Top Cons:
Requires Significant Renovation: The property explicitly states 'Units need cosmetic work' and is sold 'as-is,' indicating a necessity for immediate capital investment for renovations and potential system upgrades.
Compared to the nearby listings
Price:$600.0K vs avg $765.0K ($-165,001)16%
Size:1,409 sqft vs avg 1,990 sqft13%
Price/sqft:$426 vs avg $34581%
More Insights
Built in 1910 (115 years old).
Condition: The property was built in 1910, making it over 100 years old. The description explicitly states 'Units need cosmetic work,' which for a property of this age, strongly implies substantial repairs and rehabilitation are required, including likely full renovations of kitchens and bathrooms, and updates to major systems. There is no mention of any significant renovations in the past 50 years. While currently rented, suggesting it's livable, the age and stated need for 'cosmetic work' indicate a very dated and likely uncomfortable living environment by modern standards, consistent with a 'poor' condition. The exterior photos show an aged structure with minimal upkeep, further supporting this assessment.
Year Built
1910
Close
-
List price
$600K
Original List price
$625K
Price/Sqft
$426
HOA
-
Days on market
-
Sold On
-
MLS number
TR25168896
Home ConditionPoor
Features
View-
About this home
Duplex for sale in Unincorporated LA County! Less than 3 miles from RAMS stadium (not under LA City rent control)! This is a HUGE Lot with 2 separate detached units. Front unit is 2br/1ba per County records but currently used as a 3br/1ba as Dining Room used as bedroom. Rent is $1750 per month, on a month to month rental agreement. The Rear Unit is 1br/1ba per County records but set up to use as a 2br/1ba since Dining Room used as bedroom. Rent for this unit is $1225 per month, on a month to month rental agreement. There is a 1 car garage plus driveway parking. Units need cosmetic work and pricing at $599,000 includes the tenants transferring to new owner. This is a GREAT Flat Lot! Do not approach tenants on site please.
Price History
Date
Event
Price
11/18/98
Sold
$190,000
09/09/98
Sold
$113,500
04/09/09
Sold
$195,000
10/17/06
Sold
$490,000
11/01/04
Sold
$346,000
01/09/04
Sold
$260,000
Condition Rating
Poor
The property was built in 1910, making it over 100 years old. The description explicitly states 'Units need cosmetic work,' which for a property of this age, strongly implies substantial repairs and rehabilitation are required, including likely full renovations of kitchens and bathrooms, and updates to major systems. There is no mention of any significant renovations in the past 50 years. While currently rented, suggesting it's livable, the age and stated need for 'cosmetic work' indicate a very dated and likely uncomfortable living environment by modern standards, consistent with a 'poor' condition. The exterior photos show an aged structure with minimal upkeep, further supporting this assessment.
Pros & Cons
Pros
Income-Generating Duplex: The property consists of two separate detached units, providing immediate rental income and a stable cash flow stream for an investor.
Strategic Location & Rent Control Exemption: Located in Unincorporated LA County, the property is exempt from LA City rent control, offering greater flexibility for rent adjustments. Its proximity to the RAMS stadium (SoFi Stadium) suggests potential for future appreciation and strong rental demand.
Large, Flat Lot: A substantial 5,469 sqft flat lot offers significant potential for expansion, adding an Accessory Dwelling Unit (ADU), or enhancing outdoor living spaces, thereby increasing property value.
Value-Add Opportunity: With current rents likely below market and the need for cosmetic work, there's a clear opportunity for a new owner to renovate, increase rents, and significantly boost the property's value and return on investment.
Detached Units: Having two separate detached units enhances tenant privacy and appeal, potentially leading to higher tenant satisfaction and retention compared to attached multi-family properties.
Cons
Requires Significant Renovation: The property explicitly states 'Units need cosmetic work' and is sold 'as-is,' indicating a necessity for immediate capital investment for renovations and potential system upgrades.
Older Property Age: Built in 1910, the property is over a century old, which may entail hidden maintenance issues, outdated infrastructure (plumbing, electrical), and higher costs for modernization.
Tenant Occupied with Restrictions: The property is tenant-occupied with month-to-month agreements, and buyers are instructed not to approach tenants, which can complicate due diligence, renovation planning, and the process of adjusting rents or occupying a unit.