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634 W 92Nd St Los Angeles, CA 90044

$3,010,000 Sold Price as of 10/02/2020

40 Beds
19 Baths
-- Sq.Ft.

Sold

$3,010,000 Sold Price as of 10/02/2020 Refinance Your Mortgage

Map preview of 634 W 92Nd St, Los Angeles, CA 90044

Property Overview: 634 W 92Nd St Los Angeles, CA has 40 bedrooms, 19 bathrooms, -- living square feet and 18,106 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to acquire a 19-unit Apartment Building in the Vermont Vista neighborhood of South Los Angeles. Built in 1965, 634 W 92nd Street sits on a 18,106 square foot lot and offers 14,616 square feet of rentable space. The property is comprised of (17) 2 Bed/1 Bath units and (2) 3 Bed/1 Bath units and provides tenants with ample on-site parking spaces. The 19 unit apartment building is gated, individually metered for gas and electricity and has undergone renovations including a newer roof, copper plumbing throughout, completed seismic retrofitting and a newly restored second-story walkway. The property also features on-site laundry and two large storage spaces in the rear of the building that can be rented out to tenants for additional income or offered as additional private parking spaces. The property will be delivered with (1) vacant, rent-ready 2 Bed/1 Bath unit, allowing an incoming investor to immediately achieve market rents for that unit.

Listed by Sevak Keshishian | BRE #01887505 | Marcus & Millichap

Last checked: 18 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft: 18,106
HOA Dues: $0/mo
Year built: 1965
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20585076
City: Los Angeles
County: Los Angeles
Time on Site: 1223 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 19
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 17
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,164
Total Rent: $19,783
Pro Forma/Market Rent: $1,650

Unit Breakdown 2

# of Units: 2
# of Beds: 3
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,598
Total Rent: $3,196
Pro Forma/Market Rent: $1,950

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 10.7
Gross Scheduled Income: --
Net Operating Income: $135,714
Gross Operating Income: $268,256

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 634 W 92Nd St

Interior Features

Security Features: Gated Community

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Assigned

Property Information

Total # of Units: 19
Parcel Number: 6039014021

Location / Neighborhood

Location Information

Directions: Situated North of W. Century Boulevard and East of Vermont Avenue, the property is less than 15 minutes from the Hollywood Park development project which will boast 620,000 +/- SF of shops and restaurants, a hotel, and will include the new NFL SoFi stadium, for the Los Angeles Rams, as its epicenter.

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Local Los Angeles Agent

Sale History for 634 W 92Nd St

Last sold for $3,010,000 on October 2nd, 2020

October, 2020
Oct 9, 2020

Date

Sold

CRMLS: 20585076

$3,010,000

Price
Aug 3, 2020

Date

Active Under Contract

CRMLS: 20585076

$2,950,000

Price
Jun 25, 2020

Date

Pending

CRMLS: 20585076

$2,950,000

Price
Jun 19, 2020

Date

Active

CRMLS: 20585076

$2,950,000

Price
Jun 15, 2020

Date

Withdrawn

CRMLS: 20585076

$2,950,000

Price
Jun 1, 2020

Date

Active

CRMLS: 20585076

$2,950,000

Price
October, 2020
Oct 2, 2020

Date

Sold (Public Records)

Public Records

$3,010,000

Price
August, 2011
Aug 8, 2011

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 634 W 92Nd St

Assessed Value (2020): $535,023

Year	Land Value	Improved Value	Assessed Value
2020	$213,865	$321,158	$535,023

Home Value Compared to the Market

This property vs the competition

634 W 92Nd St sold on October 2, 2020 for 147.9% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 634 W 92Nd St

Detailed summary of property

634 W 92Nd St is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 40 bedrooms, 19 bathrooms, roughly -- living square feet, and sits on an approximately 18,106 square foot lot. 634 W 92Nd St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,010,000. 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 147.9% higher than the current median priced home. Local homes that are currently for sale include 1470 W Adams Blvd, 7113 S La Cienega Blvd and 1930 S Oxford Ave. While the average home in Los Angeles, CA is selling in 92 days, 634 W 92Nd St has a days on market of 19 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 634 W 92Nd St Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 634 W 92Nd St

Public county record property details

Beds: --
Baths: 19
Year built: 1965
Sq. Ft.: 14,616
Lot Size: 18,106
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 294
APN: 6039-014-021

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$670,000

Median List Price/Sq.Ft.

$516

Median Sold Price

$739,000

Median Sold Price/Sq.Ft.

$461

Total Inventory

Median Sale to List Price %

105.57%

Avg Days on Market

Loan Type

Conventional (35.71%), FHA (35.71%), VA (0%), Cash (7.14%), Other (0%)

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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.