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 flow–focused investors and potential… Read More owner-users. The property features two large units: one 4-bedroom/2-bath unit and one 3-bedroom/2-bath unit—each offering spacious layouts well-suited for families or shared living arrangements. The property currently generates a strong in-place return with a 5.88% CAP rate and 12.02 GRM, with upside to reach a 6.66% market CAP and 10.95 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 parking—an 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Brett Lyon 3107801899
Listing Snapshot
Days Online
71
Last Updated
Property Type
Duplex
Lot Size
0.14 Acres
Year Built
2008
MLS Number
SB25105200
30 Days Snapshot Of 90044
$627k
0%
(avg) sold price
9
-30%
homes sold
84
-26%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 2008, Building area total: 1,780, Levels: One, 1 story, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Community
Biking
Expenses
Gardener expense: $1,200, Insurance expense: $2,670, Maintenance expense: $2,996, New taxes expense: $11,797, Operating expense: $19,763, Other expense: $1,700
Garage
2 spaces
Income
Gross income: $74,892, Net operating income: $52,882
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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