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

657 E 92nd Street, Los Angeles, California 90002 home-pic-0
ACTIVE$689,000
657 E 92nd Street, Los Angeles, California 90002
0Bed
0Bath
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
SR25016336
Home ConditionFair
Features
Patio
View-

About this home

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

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
Fair
Built in 1926, this duplex shows its age, particularly in the kitchens and bathrooms which are very dated with older cabinets, laminate countertops, basic appliances, and older tile work. While functional, these areas require significant updating to meet modern standards. However, the property benefits from recent minor updates including a new roof, fresh interior paint, and new carpet in one bedroom, which prevent it from being classified as 'Poor'. The living areas feature hardwood floors that appear to be in decent condition. The overall condition suggests it is livable but requires 'TLC' and substantial renovations in key areas to enhance its appeal and value, aligning with the 'Fair' category.
Pros & Cons

Pros

Great Schools: High School: Compton Early College High (9/10).
Duplex with Income Potential: The property is a duplex, offering two distinct units (2 bed/1 bath and 1 bed/1 bath), ideal for generating rental income or for an owner-occupier to offset mortgage costs.
ADU Conversion Potential: A detached 2-car garage presents a significant opportunity for an Accessory Dwelling Unit (ADU) conversion, enhancing future rental income and property value.
Spacious Corner Lot: Situated on a generous 6,014 sq. ft. corner lot, providing more space, potential for privacy, and flexibility for outdoor use.
Recent Updates: The main house benefits from recent improvements including fresh interior paint, a new roof, and new carpet in the front bedroom, reducing immediate maintenance needs for that unit.
Convenient Location: The property boasts exceptional convenience with proximity to the 110 and 105 freeways, shopping centers, and local parks.

Cons

Age of Property: Built in 1926, the property's age suggests potential for older infrastructure (plumbing, electrical) that may require significant upgrades beyond the recent cosmetic updates.
Requires Further TLC: The description explicitly states 'With some TLC, it could become your ideal home,' indicating that additional investment and work are likely needed to maximize its potential and appeal.
Lower-Rated Schools: Several nearby public schools have lower ratings (1-3), which could be a consideration for families with school-aged children and potentially impact long-term resale value.

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