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1531 E 92nd St Los Angeles, CA 90002

$1,180,000 Sold Price as of 03/06/2023

12 Beds
4 Baths
3,054 Sq.Ft.

Sold

$1,180,000 Sold Price as of 03/06/2023 Refinance Your Mortgage

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Map preview of 1531 E 92nd St, Los Angeles, CA 90002

Property Overview: 1531 E 92nd St Los Angeles, CA has 12 bedrooms, 4 bathrooms, 3,054 living square feet and 5,738 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Mike Marcu | BRE #00919594 | Mike Marcu, Broker

Last checked: 14 minutes ago | Last updated: April 2nd, 2024 | Source CRMLS | DOM: 109

Home details

Lot Sq. Ft: 5,738
HOA Dues: $0/mo
Year built: 1993
Garage: --
Property Type:: Fourplex

Status: Sold
MLS#: OC22222671
City: Los Angeles
County: Los Angeles
Time on Site: 578 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1
# of Leased Units: 4
# of Electric Meters: 4
# of Gas Meters: 4
# of Water Meters: 1

Unit Breakdown 1

# of Units: 3
# of Beds: 3
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $5,100
Total Rent: $5,100
Pro Forma/Market Rent: $9,000

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,800
Total Rent: $1,800
Pro Forma/Market Rent: $3,000

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $82,800
Net Operating Income: $53,301
Gross Operating Income: $82,800

Annual Expense Breakdown

Total Operating Expense: $29,499
Electric: $0
Gas/Fuel: $0
New Taxes: $14,937
Trash: $0
Gardener: $1,570
Insurance: $1,980
Maintenance: $3,874
Water/Sewer: $7,138

Property Details for 1531 E 92nd St

Interior Features

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 8
Has Parking
Parking Features: Tandem Uncovered

Lot Information

Lot Features: 6-10 Units/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 4
Parcel Number: 6044007026
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Utilities Information

Sewer: Sewer Paid
Water Source: Public

Location / Neighborhood

Location Information

Directions: Firestone Blvd. to Compton Blvd south to 92nd Street east

Neighborhood Information

Community Features: Urban

View more facts & features

Local Los Angeles Agent

Sale History for 1531 E 92nd St

Last sold for $1,180,000 on March 6th, 2023

February, 2024
Feb 10, 2024

Date

Withdrawn

CRMLS: SW23213383

$1,200,000

Price
Nov 27, 2023

Date

Active

CRMLS: SW23213383

$1,225,000

Price
Listing provided courtesy of CRMLS

Welcome to this exceptional quadplex offering a total of 12 bedrooms and 4 bathrooms, providing a unique investment opportunity in a prime location. Built in 1993, this property boasts a timeless design and sturdy construction, ensuring both durability and aesthetic appeal. Each unit within this quadplex is thoughtfully designed, featuring spacious living areas and well-appointed bedrooms, providing comfort and functionality for tenants. The property's layout is ideal for maximizing rental income and attracting a diverse range of tenants. One of the units has recently undergone a tasteful remodel, adding a fresh and contemporary touch to the property. This newly renovated unit offers updated fixtures, premium finishes, and modern appliances, creating a stylish and comfortable living space for residents. The quadplex is situated in a sought-after location, providing easy access to local amenities, schools, and transportation hubs. Whether you're an investor seeking a reliable income stream or looking for a property with multiple living spaces for extended family, this quadplex offers a versatile and lucrative opportunity. Don't miss the chance to own a piece of real estate with a strong rental history and the potential for future appreciation. Schedule a viewing today and explore the possibilities that this well-maintained quadplex has to offer.

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March, 2023
Mar 6, 2023

Date

Sold

CRMLS: OC22222671

$1,180,000

Price
Oct 14, 2022

Date

Active

CRMLS: OC22222671

$1,295,000

Price
May, 2021
May 11, 2021

Date

Canceled

CRMLS: MB20210680

$1,199,000

Price
Oct 7, 2020

Date

Active

CRMLS: MB20210680

$1,199,000

Price
Listing provided courtesy of CRMLS

We have a four unit building available. All units are 3 bedrooms and 1 bath. All tenants are paying rent. All units have 2 tandem parking spots in a gated parking area. Operating expenses are very reasonable on this building. Building is in fairly good condition.

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April, 2018
Apr 3, 2018

Date

Sold (Public Records)

Public Records

$790,000

Price
May, 2008
May 30, 2008

Date

Sold (Public Records)

Public Records

$635,000

Price

Tax History for 1531 E 92nd St

Assessed Value (2020): $821,916

Year	Land Value	Improved Value	Assessed Value
2020	$301,716	$520,200	$821,916

Home Value Compared to the Market

This property vs the competition

1531 E 92nd St sold on March 6, 2023 for 0.42% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $391.29 per/sqft which puts the price per square foot 48.17% lower than the current median sale per square foot for the city of Los Angeles.

About 1531 E 92nd St

Detailed summary of property

1531 E 92nd St is a fourplex that recently sold in Los Angeles, CA 90002. This fourplex offered 12 bedrooms, 4 bathrooms, roughly 3,054 living square feet, and sits on an approximately 5,738 square foot lot. 1531 E 92nd St was first listed on ArdentRealEstateGroup.com on October 18, 2022. The homeowner sold the property for $1,180,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 0.42% higher than the current median priced home. Local homes that are currently for sale include 906 E 109th St, 1115 E 75th St and 1300 E 71st St. While the average home in Los Angeles, CA is selling in 92 days, 1531 E 92nd St has a days on market of 109 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1531 E 92nd St Los Angeles, CA 90002 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1531 E 92nd St

Public county record property details

Beds: 12
Baths: 4
Year built: 1993
Sq. Ft.: 3,054
Lot Size: 5,727
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: A
APN: 6044-007-026

The source for these homes facts are from public records.

90002 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$587,000

Median List Price/Sq.Ft.

$485

Median Sold Price

$595,000

Median Sold Price/Sq.Ft.

$497

Total Inventory

Median Sale to List Price %

101.02%

Avg Days on Market

Loan Type

Conventional (50%), FHA (25%), VA (0%), Cash (16.67%), Other (8.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.