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250 W 92Nd St, Los Angeles, CA 90003
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250 W 92Nd St Los Angeles, CA 90003

$875,000 Sold Price as of 12/23/2021
  • 3 Beds
  • 4 Baths
  • 4,748 Sq.Ft.
Sold
$875,000 Sold Price as of 12/23/2021 Refinance Your Mortgage
Map preview of 250 W 92Nd St, Los Angeles, CA 90003

Property Overview: 250 W 92Nd St Los Angeles, CA has 3 bedrooms, 4 bathrooms, 4,748 living square feet and 8,032 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Iconic Investments is pleased to offer for sale 250 W. 92nd St., consisting of 2 buildings, a single-family residence and a 3-unitretail commercial building located in the Broadway-Manchester area of Los Angeles. The 3-bed/1-bath single-family residence was built in 1925 and is not subject to rent control. The retail/commercial building was built in1914 and is located on the corner of 250 W. 92nd St. and S. Broadway with approximately 100 feet of frontage along S. Broadway. The building is subdivided into 3 units, 2 units are approximately 950 SF and 1 unit of approximately 1,648 SF. There are 10 parking spaces for a parking ratio of 2.11 spaces per 1,000 SF leased. Two of the retail units will be delivered vacant. The property is land zoned C2-1VL which allows for the construction of 20 multi-family units By-Right or up to 32 multi-family units utilizing LA City's new Transit Oriented Communities Affordable Housing Incentive Program. With the programs Tier 1 designation, the development incentive bonuses include the following: A50% Density Bonus, an increased FAR to 2.75:1, and a maximum development height of 56 feet (+11 feet) - Buyer to verify. The property has quick access to the 110 freeway for easy access throughout Los Angeles and is conveniently located SoFi Stadium, The Forum and LAX and is across the street from the Broadway/92ndStreet bus stop and a short distance to the Metro A (Blue) Line.

Listed by Peter Strauss | BRE #01335696 | Iconic Investments
Co-listed by Jefferson Paiz | BRE #02131003 | Iconic Investments
Last checked: 4 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 44

Home details

Lot Sq. Ft
8,032
HOA Dues
$0/mo
Year built
1914
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21794060
City
Los Angeles
County
Los Angeles
Time on Site
1074 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,227
  • Total Rent: $2,227
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 9.29
  • Gross Scheduled Income: --
  • Net Operating Income: $64,910
  • Gross Operating Income: $88,778
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 250 W 92Nd St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Unassigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 6040039032
Location / Neighborhood
Location Information
  • Directions: From Downtown LA take the 110 South towards Long Beach. Exit at Manchester Avenue. Turn left on Manchester Ave. Turn right on S Broadway. Property will be on the left on the south corner of W 92nd St.
View more facts & features

Local Los Angeles Agent

Sale History for 250 W 92Nd St

Last sold for $875,000 on December 23rd, 2021

  • October, 2021

  • Oct 11, 2021

    Date

    Active

    CRMLS: 21794060

    $850,000

    Price

  • January, 2019

  • Jan 1, 2019

    Date

    Expired

    CRMLS: 18395680

    $800,000

    Price

  • Oct 11, 2018

    Date

    Active

    CRMLS: 18395680

    $800,000

    Price

  • Listing provided courtesy of CRMLS

    The subject property consists of 1 parcel containing a total of 8,031 SF of land zoned C2-1VL which allows for the construction of 20 multi-family units "By-Right" or up to 32 multi-family units utilizing LA City's new Transit Oriented Communities Affordable Housing Incentive Program. With the programs Tier 1 designation, the development incentive bonuses include the following: A 50% Density Bonus, an increased FAR to 2.75:1, and a maximum development height of 56 feet (+11 feet) - Buyer to verify. Within a 3 mile radius, there are over 40 projects that are in-construction or proposed. These numbers show South Los Angeles to be an emerging market for both market rate and affordable multi-family and mixed use deals. Given the current situation with affordability crisis in Los Angeles, this development opportunity is perfect fit for developers to offer new units to displaces and low income Angelenos.

  • March, 2016

  • Mar 24, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2015

  • May 28, 2015

    Date

    Sold (Public Records)

    Public Records

    $385,000

    Price

Show More

Tax History for 250 W 92Nd St

Assessed Value (2020): $465,443
Year Land Value Improved Value Assessed Value
2020 $259,782 $205,661 $465,443

Home Value Compared to the Market

This property vs the competition

250 W 92Nd St sold on December 23, 2021 for 24.11% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $179.02 per/sqft which puts the price per square foot 75.27% lower than the current median sale per square foot for the city of Los Angeles.

About 250 W 92Nd St

Detailed summary of property

250 W 92Nd St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 3 bedrooms, 4 bathrooms, roughly 4,748 living square feet, and sits on an approximately 8,032 square foot lot. 250 W 92Nd St was first listed on ArdentRealEstateGroup.com on October 11, 2021. The homeowner sold the property for $875,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 24.11% lower than the current median priced home. Local homes that are currently for sale include 8115 S Figueroa St, 319 W 81st St and 635 W 82nd St. While the average home in Los Angeles, CA is selling in 106 days, 250 W 92Nd St has a days on market of 44 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 250 W 92Nd St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 250 W 92Nd St

Public county record property details
Beds
2
Baths
1
Year built
1914
Sq. Ft.
4,748
Lot Size
8,031
Stories
1
Type
Religious, Church, Worship (Synagogue, Temple, Parsonage)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
6040-039-032

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,000
Median List Price/Sq.Ft.
$574
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$535
Total Inventory
47
Median Sale to List Price %
103%
Avg Days on Market
31
Loan Type
Conventional (41.67%), FHA (16.67%), VA (0%), Cash (16.67%), Other (25%)

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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.

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