9623 Bandera, Los Angeles, California 90002, Los Angeles, 90002 - 0 bed, 0 bath
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Los Angeles, California 90002
This Updated Residential Income Duplex is a high-performance asset listed at $850,000, aligning with its $849,301 Fair Market Value. Boasting a 6.9% Cap Rate and 11.8 GRM, the property offers immediate stability with a Good Condition Rating following extensive renovations. Key upgrades include a Reinforced Foundation, New Windows, and Modern Finishes, complemented by Distant City Skyline Views. With proven tenant history and an active RSO Lease, this turnkey duplex is a premier choice for Buy-and-Hold Investors or Owner-Occupants looking for a reliable income-producing residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9623 Bandera Subject | $850,000* List Price | 0 | 0 | 2,208 | $385 | - |
A 1535 E 91st Street Sold | $820,000 | 5 | 3 | 2,294 | $357 | 0.5 mi |
B 9621 Laurel Sold | $685,000 | 0 | 0 | 1,645 | $416 | 0.5 mi |
C 9536 Bandera Street Sold | $995,000 | 0 | 0 | 0 | 0.1 mi | |
D 9412 Wilmington Avenue Pending | $884,000 List Price | 0 | 0 | 2,193 | $403 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1922, this duplex has undergone extensive recent renovations, including brand new windows, new flooring, fresh paint, updated tile, kitchen sinks, and modern finishes. The front unit features a newly remodeled bathroom and updated appliances, while the back unit has a new water heater. A reinforced foundation adds structural value. The kitchens and bathrooms appear clean, functional, and recently updated, making the property move-in ready. While the finishes are not high-end and there's no mention of a modern HVAC system, the significant recent upgrades justify a 'Good' rating, indicating it's well-maintained and requires no immediate renovations.
The property boasts actual performance metrics of a 6.9% cap rate and an 11.8 GRM, indicating a robust and reliable income-producing asset for investors.
The duplex has undergone significant recent upgrades, including new windows, flooring, paint, updated tile, kitchen sinks, modern finishes, a remodeled bathroom, and a new water heater, reducing immediate capital expenditure for a new owner.
One unit is occupied by a long-term tenant with a history of on-time payments, and the second has a one-year RSO lease, providing immediate and dependable cash flow from day one.
Built in 1922, the property's underlying structure is over a century old, which, despite recent upgrades, may present unforeseen maintenance challenges or higher insurance costs in the long term.
The mention of an RSO lease indicates the property is subject to rent control regulations, which can limit future rent increase potential and tenant management flexibility for investors.
While many upgrades are listed, there is no explicit mention of a central air conditioning or modern heating system, which could be a significant comfort factor and a potential future investment for tenants in the Los Angeles climate.
Strong income-producing duplex in Los Angeles with actual performance metrics of a 6.9 percent cap rate and an 11.8 GRM. This updated, well-maintained property delivers real current returns, making it an excellent opportunity for investors seeking reliable cash flow today rather than projected returns. One unit is occupied by a long-term tenant with a documented history of on-time payments, providing stability and proven performance. The second unit is currently on a one-year RSO lease, giving any investor added confidence that returns are already in place and highly reliable from day one. The property features two separate units with recent upgrades throughout, including brand new windows, new flooring, fresh interior paint, updated tile, kitchen sinks, and modern finishes. The front unit includes a newly remodeled bathroom and updated appliances, while the back unit features a new water heater. Additional improvements include a reinforced foundation, adding long-term structural value and durability. Each unit offers separate laundry, and the property includes a long driveway with ample parking and a private backyard, a rare feature in Los Angeles. Conveniently located near freeways, shopping, and local amenities, this duplex benefits from strong rental demand and tenant appeal. Ideal for both investors and owner occupants seeking a move-in-ready duplex with dependable income, stability, and upside potential in a prime Los Angeles location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,208 | 2,251 | 50% |
| Lot Size | 7,150 | 4,853.5 | 88% |
| Price | $850.0K | $893.5K | 50% |
| Price per sq ft | $385 | $388 | 50% |
| Built year | 1922 | 1950 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 94 | 172 | 19% |
Jan 18, 2026
$850,000
Initial Listing
Jul 6, 2023
$690,000
Public Record