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657 E 92nd Street, Los Angeles, California 90002, Los Angeles, 90002 - 3 bed, 2 bath

657 E 92nd Street, Los Angeles, California 90002 home-pic-0
ACTIVE$689,000
657 E 92nd Street, Los Angeles, California 90002
3Beds
2Baths
1,764Sqft
6,014Lot
Year Built
1926
Close
-
List price
$689K
Original List price
$689K
Price/Sqft
$391
HOA
-
Days on market
-
Sold On
-
MLS number
SR25014451
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $689.0K(42th), sqft - 1764(50th), beds - 3(75th), baths - 2(75th).

Great opportunity to own this duplex which offers two single story units on a spacious 6,014 sq. ft. corner lot, offering a blend of comfort, convenience, and investment potential. The main house features 2 bedrooms and 1 bathroom, with fresh interior paint, a new roof, and new carpet in the front bedroom. The second unit at 9115 Stanford Ave., is a cozy 1 bedroom 1 bathroom and ideal for generating rental income. Both units enjoy their own private yards, perfect for outdoor entertaining. Each unit has its own washer/dryer hookups. A detached 2-car garage adds versatility with the potential for an ADU conversion, offering future growth opportunities. Located near the 110 and 105 freeways, shopping, and parks, this property offers exceptional convenience. Whether you're an investor seeking rental income or a homeowner looking to live in one unit while generating income from the other, this property is full of potential. With some TLC, it could become your ideal home or a valuable addition to your real estate portfolio.

Nearby schools

3/10
Ninety-Third Street Elementary School
Public,•K-6•0.3mi
5/10
Ninety-Ninth Street Elementary School
Public,•K-6•0.5mi
3/10
South Park Elementary School
Public,•K-6•0.6mi
5/10
Russell Elementary School
Public,•K-6•0.8mi
3/10
Ninety-Sixth Street Elementary School
Public,•K-6•0.9mi
4/10
One Hundred Seventh Street Elementary School
Public,•K-5•1.1mi
2/10
One Hundred Ninth Street Elementary School
Public,•K-5•1.1mi
3/10
One Hundred Twelfth Street Elementary School
Public,•K-5•1.5mi
4/10
One Hundred Sixteenth Street Elementary School
Public,•K-5•1.7mi
5/10
One Hundred Eighteenth Street School
Public,•K-5•1.9mi
6/10
One Hundred Twenty-Second Street Elementary School
Public,•K-5•2.2mi
1/10
Charles Drew Middle School
Public,•6-8•1.0mi
3/10
Edwin Markham Middle School
Public,•6-8•1.3mi
2/10
Samuel Gompers Middle School
Public,•6-8•1.6mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.7mi
3/10
Carver Elementary School
Public,•PK-8•2.2mi
5/10
Willowbrook Middle School
Public,•6-8•2.9mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.2mi
2/10
David Starr Jordan Senior High School
Public,•9-12•2.0mi
3/10
Centennial High School
Public,•9-12•2.7mi
9/10
Compton Early College High
Public,•9-12•2.9mi
Condition Rating
Poor
Built in 1926, this property is nearly 100 years old. While it benefits from a new roof, fresh interior paint, and new carpet in one bedroom, the kitchens and bathrooms are significantly outdated with old appliances, fixtures, and finishes, requiring substantial renovation. The property description explicitly states 'some TLC' is needed and the property analysis highlights 'Historic Property Age' and 'Requires Additional Investment,' indicating a need for more than minor updates, likely including major system upgrades (electrical, plumbing) due to its age. The current condition is functional but very uncomfortable by modern standards, necessitating extensive rehabilitation.
Pros & Cons

Pros

Great Schools: High School: Compton Early College High (9/10).
Income-Generating Duplex: The property features two distinct units, offering immediate rental income potential for investors or an owner-occupant seeking supplementary income.
ADU Conversion Potential: A detached 2-car garage provides a significant opportunity for an Accessory Dwelling Unit (ADU) conversion, enhancing future value and income streams.
Spacious Corner Lot: Situated on a generous 6,014 sq. ft. corner lot, the property offers ample outdoor space, increased privacy, and potential for landscaping or expansion.
Recent Key Updates: The main house benefits from a new roof, fresh interior paint, and new carpet in the front bedroom, addressing some immediate maintenance concerns.
Convenient Location: Its proximity to the 110 and 105 freeways, shopping centers, and parks ensures excellent accessibility and desirable local amenities.

Cons

Historic Property Age: Built in 1926, the property's age suggests potential for outdated infrastructure (e.g., plumbing, electrical) that may require significant future investment or upgrades.
Requires Additional Investment: The description notes that 'some TLC' is needed, indicating that further capital expenditure for repairs, modernization, or cosmetic improvements will likely be required beyond recent updates.
Limited Unit Sizes: The units are configured as 2-bedroom and 1-bedroom, which may appeal to a specific tenant demographic but could limit broader market appeal for larger households.

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