SoldMar 6, 2023

Listed by Mike Marcu from Mike Marcu, Broker

Bought with Troy Huerta

Source: San Diego MLS #OC22222671

1531 E 92nd St, Los Angeles, CA, 90002

$1,180,000

6
2
0.13 ac.

MultiFam

30+ days on the market

Sold: Mar 6, 2023

What's around 1531 E 92nd St

About this property

This prime, 4 unit building, offers a superior unit mix of all 3 bedoom apartments and is not under Los Angeles City Rent Control. All tenants are paying rent and all the units have 2 tandem parking spaces in a gated parking area. Operating expenses are minimal on this building due to its efficient design, including the landlord being responsible for water only. Tenants pay for their own gas, electricity, and trash. Building has been well maintained by current ownership and qualifies for financing at 75% Loan to Value. Rents can be increased February 1st, 2023. The market rent capitalization rate can exceed 9 per cent.

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