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$ 950,000
Est. payment | /mo
7 Beds
3 Baths
6,288 Sqft Lot
$ 950,000
Est. payment | /mo
7 Beds
3 Baths
6,288 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25105200
Bedrooms 7
HOA Y/N No
Lot Size 6,288 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
660 W 94th Street offers an exceptional opportunity to acquire a low-maintenance, non-rent-controlled duplex in a prime South Los Angeles location. Built in 2009, this modern construction asset benefits from minimal upkeep and is exempt from local rent control ordinances, making it ideal for both cash flowfocused investors and potential owner-users. The property features two large units: one 4-bedroom/2-bath unit and one 3-bedroom/2-bath uniteach offering spacious layouts well-suited for families or shared living arrangements. The property currently generates a strong in-place return with a 5.50% CAP rate and 12.68 GRM, with upside to reach a 6.25% market CAP and 11.56 market GRM through rent increases. On-site amenities include a detached 2-car garage along with five tandem driveway parking spaces, offering ample off-street parkingan increasingly rare feature in this dense urban submarket. Centrally located in South Los Angeles with convenient access to the 110 Freeway, 660 W 94th Street offers a strategic position for commuters and tenants alike. With favorable operating fundamentals, large unit layouts, and rent control exemption, this property presents a compelling opportunity in a high-demand rental market.
660 W 94th Street offers an exceptional opportunity to acquire a low-maintenance, non-rent-controlled duplex in a prime South Los Angeles location. Built in 2009, this modern construction asset benefits from minimal upkeep and is exempt from local rent control ordinances, making it ideal for both cash flowfocused investors and potential owner-users. The property features two large units: one 4-bedroom/2-bath unit and one 3-bedroom/2-bath uniteach offering spacious layouts well-suited for families or shared living arrangements. The property currently generates a strong in-place return with a 5.50% CAP rate and 12.68 GRM, with upside to reach a 6.25% market CAP and 11.56 market GRM through rent increases. On-site amenities include a detached 2-car garage along with five tandem driveway parking spaces, offering ample off-street parkingan increasingly rare feature in this dense urban submarket. Centrally located in South Los Angeles with convenient access to the 110 Freeway, 660 W 94th Street offers a strategic position for commuters and tenants alike. With favorable operating fundamentals, large unit layouts, and rent control exemption, this property presents a compelling opportunity in a high-demand rental market.
660 W 94th Street offers an exceptional opportunity to acquire a low-maintenance, non-rent-controlled duplex in a prime South Los Angeles location. Built in 2009, this modern construction asset benefits from minimal upkeep and is exempt from local rent control ordinances, making it ideal for both cash flowfocused investors and potential owner-users. The property features two large units: one 4-bedroom/2-bath unit and one 3-bedroom/2-bath uniteach offering spacious layouts well-suited for families or shared living arrangements. The property currently generates a strong in-place return with a 5.50% CAP rate and 12.68 GRM, with upside to reach a 6.25% market CAP and 11.56 market GRM through rent increases. On-site amenities include a detached 2-car garage along with five tandem driveway parking spaces, offering ample off-street parkingan increasingly rare feature in this dense urban submarket. Centrally located in South Los Angeles with convenient access to the 110 Freeway, 660 W 94th Street offers a strategic position for commuters and tenants alike. With favorable operating fundamentals, large unit layouts, and rent control exemption, this property presents a compelling opportunity in a high-demand rental market.
Location
State CA
County Los Angeles
Area Los Angeles (90044)
Zoning Assessor
Building
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Monthly Total Fees $33
Acceptable Financing Conventional
Space Rent $3,600
Listing Terms Conventional
Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.