9623 Bandera, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath

9623 Bandera, Los Angeles, California 90002 home-pic-0

9623 Bandera

Los Angeles, California 90002

ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,208Sq Ft
7,150Lot Size

Property Price

LIST PRICE$850,000

SUMMARY

Analysis of 9623 Bandera, Los Angeles, California 90002 is currently available with a list price of $850,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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.

PROSSTRENGTHS & OPPORTUNITIES

  • Strong Income Performance

    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.

  • Extensive Recent Upgrades

    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.

  • Tenant Stability & Proven Returns

    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.

CONSRISKS & DEFICIENCIES

  • Age of Property

    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.

  • Rent Stabilization Ordinance (RSO) Implications

    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.

  • Lack of Modern HVAC System Mention

    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.

About 9623 Bandera

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.

Property Details

Public Facts

Property Type
Duplex
Year Built
1922
Lot Size
7,150 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot2,2082,294
46%
Lot Size7,1504,951
77%
Price$850.0K$937.0K
38%
Price per sq ft$385$357
62%
Built year19221953
15%
HOA$0$0
50%
Days on market47128
8%

Pricing History

Listed for Sale

Jan 18, 2026

$850,000

Initial Listing

Sold

Jul 6, 2023

$690,000

Public Record

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