For Sale
$1,350,000

154 94Th StLos Angeles, CA 90003

Gated, 5-bed/3-bath units, 6.7% CAP.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a newly constructed (2022) gated duplex in Los Angeles, California. Boasting a desirable R2-1 zoning, this Class A property offers two identical 5-bedroom, 3-bathroom units, each spanning a generous portion of the 3,513 square foot building. The property sits on a 5,034 square foot lot and includes four parking spaces – one attached garage for the front unit and a two-car attached garage plus one uncovered space for the rear unit. Both units feature 12-foot ceilings, newer laminated wood flooring, updated interior paint, white kitchen cabinetry, and included refrigerators. Individual electrical, gas, and water meters ensure efficient utility management. Further enhancing the property's value is a complete NFPA 13D fire sprinkler system and a 100-amp electrical power pole. The duplex currently enjoys 100% occupancy, generating a substantial $91,525 annual net operating income (NOI), representing a compelling 6.78% capitalization rate. This fee-simple ownership offers a strong return on investment and is suitable for a 1031 exchange. Located at 154 E 94th St, Los Angeles, CA 90003, this property presents a rare opportunity to acquire a high-performing, turnkey investment in a prime Los Angeles location. The solar panel system further contributes to the property's energy efficiency and long-term value.

Highlights

  • Newly constructed (2022) gated duplex in Los Angeles, CA.
  • Two identical 5-bedroom, 3-bathroom units, each approximately 1757 sq ft.
  • Located on a 5,034 sq ft lot with four parking spaces.
  • Features include 12-foot ceilings, laminate wood flooring, updated paint, white kitchen cabinetry, and included refrigerators.
  • Individual utility meters and a complete NFPA 13D fire sprinkler system.
  • 100% occupancy with a $91,525 annual NOI and a 6.78% capitalization rate.

Property Details for 154 94Th St

Property type
Residential income homes
Square Feet
3,513 SF
Class
A
Year Built/Renovated
2022/2022
Buildings
1
Stories
2
Units
2

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
33.950747758776
Longitude
-118.27172578648
154 94Th St, Los Angeles, California

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154 94Th St
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