1647 E 92nd St, Los Angeles, California 90002, Los Angeles, 90002 - 2 bed, 3 bath
ACTIVE$699,000
1647 E 92nd St, Los Angeles, California 90002
2Beds
3Baths
2,478Sqft
6,359Lot
Year Built
1910
Close
-
List price
$699K
Original List price
$728K
Price/Sqft
$282
HOA
-
Days on market
-
Sold On
-
MLS number
SB25224415
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $699.0K(50th), sqft - 2478(73th), beds - 2(73th), baths - 3(91th).
Priced to Sell!!! Investor Opportunity to own units in Los Angeles. Corner units. Seller is motivated. The main house is a 4 bedrooms,1 bath -2nd unit 2 bedrooms 1bath, and a 3rd unit is a one bedroom-1 bath -buyer to verify with City on permits for 3rd unit (City supplement attached), property is a legal 2 units. Sold AS IS, bring me an offer!
Price History
Date
Event
Price
12/03/25
Price Change
$699,000-2.6%
10/21/25
Price Change
$718,000-1.4%
09/24/25
Listing
$728,000
12/27/96
Sold
$108,000
Condition Rating
Poor
Built in 1910 and sold 'AS IS,' this property is explicitly an 'Investor Opportunity' requiring substantial rehabilitation. The exterior images show significant age and neglect, with worn stucco and older windows. The lack of interior photos, combined with the property's age and 'AS IS' status, strongly suggests that all major systems (electrical, plumbing, HVAC), as well as the kitchen and bathrooms, are severely outdated, likely beyond their useful life, and in need of extensive repair or replacement. The property analysis also highlights 'Advanced Age' and 'outdated systems' requiring 'significant capital expenditure.' While not explicitly 'unlivable,' it requires major work to be safe and comfortable.
Pros & Cons
Pros
High Income Potential: Explicitly marketed as an 'Investor Opportunity' and 'Residential Income' property, featuring multiple units (legal duplex with a potential third unit) for diversified rental income streams.
Motivated Seller & Price Adjustment: The listing highlights a 'Priced to Sell!!!' and 'Seller is motivated' status, further supported by recent price reductions, indicating strong negotiation leverage for potential buyers.
Multi-Unit Configuration: Offers a legal duplex with a main house (4 beds/1 bath) and a second unit (2 beds/1 bath), plus a potential third unit (1 bed/1 bath), maximizing rental capacity and cash flow.
Corner Lot Advantage: Positioned on a corner lot, which typically provides enhanced natural light, increased privacy, and potentially better curb appeal compared to interior lots.
Los Angeles Market Location: Situated in Los Angeles, a high-demand rental market, offering strong long-term appreciation prospects and consistent tenant demand.
Cons
Unpermitted Unit Risk: The presence of a potential third unit that requires buyer verification for permits ('legal 2 units') poses a significant legal and financial risk, potentially leading to costly regularization or removal.
As-Is Sale Condition: Being sold 'AS IS' places the burden of all necessary repairs, upgrades, and potential code compliance issues squarely on the buyer, which can be substantial for an older property.
Advanced Age of Property: Constructed in 1910, the property is likely to have outdated systems (electrical, plumbing, HVAC) and structural components, necessitating significant capital expenditure for modernization and maintenance.