1531 E 92nd Street, Los Angeles, CA 90002
Fourplex
Sold March 2023
Listing Agent: Mike Marcu (DRE #00919594) · Listing Office: Mike Marcu, Broker · Contact: 909-371-1322 · Bought with: Troy Huerta · SRE Matrix Alliance · MLS #OC22222671 · Source: CRMLS
About this fourplex
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.
Listing description from the March 2023 sale, as reported to CRMLS.
Sale history