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$ 950,000
Est. payment | /mo
7 Beds
4 Baths
1,780 SqFt
$ 950,000
Est. payment | /mo
7 Beds
4 Baths
1,780 SqFt
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 1,780 sqft
Price per Sqft $533
MLS Listing ID SB25119093
Bedrooms 7
Full Baths 4
Year Built 2009
Lot Dimensions 6288
Property Sub-Type Townhome
Property Description
660 W 94th Street offers an exceptional opportunity to acquire a low-maintenance, non-rent-controlled duplex in a prime South Los Angeles location. Built in 2009, this modern construction asset benefits from minimal upkeep and is exempt from local rent control ordinances, making it ideal for both cash flowfocused investors and potential owner-users. The property features two large units: one 4-bedroom/2-bath unit and one 3-bedroom/2-bath uniteach offering spacious layouts well-suited for families or shared living arrangements. The property currently generates a strong in-place return with a 5.50% CAP rate and 12.68 GRM, with upside to reach a 6.25% market CAP and 11.56 market GRM through rent increases. On-site amenities include a detached 2-car garage along with five tandem driveway parking spaces, offering ample off-street parkingan increasingly rare feature in this dense urban submarket. Centrally located in South Los Angeles with convenient access to the 110 Freeway, 660 W 94th Street offers a strategic position for commuters and tenants alike. With favorable operating fundamentals, large unit layouts, and rent control exemption, this property presents a compelling opportunity in a high-demand rental market.
Location
State CA
County Los Angeles
Zoning LARD2
Direction On the corner of W 94th St and S Hoover St.
Interior
Cooling Central Forced Air
Fireplace No
Laundry Electric, Washer Hookup
Exterior
Garage Spaces 2.0
View Y/N Yes
Water Access Desc Public
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Tax ID 6039010031
Special Listing Condition Standard
Listed by Brett Lyon Lyon Stahl Investment Real Estate, Inc.
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Patrick Cohen
REALTOR® | Lic# 1936110