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1220 W 92nd Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

1220 W 92nd Street, Los Angeles, California 90044 home-pic-0
ACTIVE$829,000
1220 W 92nd Street, Los Angeles, California 90044
0Bed
0Bath
1,584Sqft
6,750Lot
Year Built
1923
Close
-
List price
$829K
Original List price
$849K
Price/Sqft
$523
HOA
-
Days on market
-
Sold On
-
MLS number
PW25177928
Home ConditionFair
Features
Patio
ViewCity Lights,Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $829.0K(58th), sqft - 1584(21th), beds - undefined(50th), baths - undefined(50th).

Welcome to 1220 W 92nd Street, a spacious and versatile duplex located just minutes from SoFi Stadium, the Kia Forum, and the new Intuit Dome. This income-producing property features two well-maintained units, each offering 2 bedrooms and 1 bathroom, for a total of 4 bedrooms across the property. Sitting on a large 6,750 square foot lot, the home offers abundant off-street parking and is zoned LCR320U*, a Los Angeles County multi-family designation that allows up to three units by right based on the lot size (one unit per 2,000 square feet). There is also potential to add an accessory dwelling unit (ADU) or junior ADU under California’s housing laws, providing additional flexibility for development or rental income. One unit is currently rented, generating immediate cash flow, while the other is vacant and ready for occupancy, renovation, or to be leased—making this a perfect fit for both investors and owner-occupants. Live in one and rent the other, or lease both to take advantage of the strong rental demand in this fast-growing South LA neighborhood. With close proximity to major venues, freeways, shopping, and public transportation, this property offers both immediate returns and long-term appreciation potential. Whether you're looking to start or grow your portfolio, secure a multi-generational living solution, or invest in an area with consistent development and high rental demand, 1220 W 92nd Street offers the space, zoning, and flexibility to meet your goals.

Price History

Date
Event
Price
10/08/25
Price Change
$829,000-1.2%
09/02/25
Price Change
$839,000-1.2%
08/07/25
Listing
$849,000
05/23/19
Sold
$495,000
10/24/14
Sold
$296,000
Condition Rating
Fair
Built in 1923, this duplex shows a mix of conditions. While some areas, particularly one of the bathrooms and a kitchen, appear to have received more recent updates with modern-style cabinets and tile work, other areas feature older, functional but dated elements like the beige floor tiles and the other kitchen's dark wood cabinets and busy countertops. The property is well-maintained and livable, but its age and the inconsistent level of renovation across units mean it requires minor updates to achieve a more contemporary aesthetic throughout, aligning with the 'Fair' category.
Pros & Cons

Pros

Income-Generating Asset: The property is an income-producing duplex with one unit currently rented, providing immediate cash flow for investors or owner-occupants.
Significant Development Potential: Zoned LCR320U* allowing for up to three units by right, plus potential for Accessory Dwelling Units (ADU/JADU), offering substantial future value-add opportunities.
Strategic Location: Proximity to major entertainment venues (SoFi Stadium, Kia Forum, Intuit Dome), freeways, shopping, and public transportation in a fast-growing South LA neighborhood, ensuring strong rental demand and appreciation.
Flexible Occupancy Options: Ideal for both investors seeking full rental income and owner-occupants looking to live in one unit while renting the other, broadening the buyer pool.
Generous Lot Size & Parking: A large 6,750 sq ft lot provides ample space and abundant off-street parking, a valuable amenity in Los Angeles.

Cons

Property Age & Potential Updates: Built in 1923, the property may require significant capital expenditure for system upgrades, modernization, or deferred maintenance to maximize its potential and appeal.
Recent Price Reductions: Multiple price drops from the original listing suggest potential overpricing or challenges in attracting buyers at the initial price point, which could indicate market resistance.
Renovation Implied for Vacant Unit: While described as 'well-maintained,' the vacant unit is noted as 'ready for occupancy, renovation, or to be leased,' implying that renovation might be necessary to achieve optimal rental rates or buyer appeal.

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