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    250 W 92Nd St

    Los Angeles, CA 90003
    • $850,000
    • STATUS: Active
    • ON SITE: 5 Days
    • ID#: 21-794060
    New On Site 5 Days Ago
    UPDATED: 41 min ago
    $850,000
    • 3
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,748
      SQFT
    • $179
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1914
    County:

    School Ratings & Info

    Description

    Iconic Investments is pleased to offer for sale 250 W. 92nd St., consisting of 2 buildings, a single-family residence and a 3-unitretail commercial building located in the Broadway-Manchester area of Los Angeles. The 3-bed/1-bath single-family residence was built in 1925 and is not subject to rent control. The retail/commercial building was built in1914 and is located on the corner of 250 W. 92nd St. and S. Broadway with approximately 100 feet of frontage along S. Broadway. The building is subdivided into 3 units, 2 units are approximately 950 SF and 1 unit of approximately 1,648 SF. There are 10 parking spaces for a parking ratio of 2.11 spaces per 1,000 SF leased. Two of the retail units will be delivered vacant. The property is land zoned C2-1VL which allows for the construction of 20 multi-family units By-Right or up to 32 multi-family units utilizing LA City's new Transit Oriented Communities Affordable Housing Incentive Program. With the programs Tier 1 designation, the development incentive bonuses include the following: A50% Density Bonus, an increased FAR to 2.75:1, and a maximum development height of 56 feet (+11 feet) - Buyer to verify. The property has quick access to the 110 freeway for easy access throughout Los Angeles and is conveniently located SoFi Stadium, The Forum and LAX and is across the street from the Broadway/92ndStreet bus stop and a short distance to the Metro A (Blue) Line.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-16T23:42:35.183. 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.
    www.theparsonsrealestateteam.com/homes/122285164
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    250 W 92Nd St Los Angeles, CA 90003

    • Price: $850,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: 21-794060
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,748
    SQFT
    $179
    $/SQFT
    1914
    Built
    Neighborhood:
    Metropolitan South
    County:
    Los Angeles
    Area:
    Metropolitan South
    Property Description
    Iconic Investments is pleased to offer for sale 250 W. 92nd St., consisting of 2 buildings, a single-family residence and a 3-unitretail commercial building located in the Broadway-Manchester area of Los Angeles. The 3-bed/1-bath single-family residence was built in 1925 and is not subject to rent control. The retail/commercial building was built in1914 and is located on the corner of 250 W. 92nd St. and S. Broadway with approximately 100 feet of frontage along S. Broadway. The building is subdivided into 3 units, 2 units are approximately 950 SF and 1 unit of approximately 1,648 SF. There are 10 parking spaces for a parking ratio of 2.11 spaces per 1,000 SF leased. Two of the retail units will be delivered vacant. The property is land zoned C2-1VL which allows for the construction of 20 multi-family units By-Right or up to 32 multi-family units utilizing LA City's new Transit Oriented Communities Affordable Housing Incentive Program. With the programs Tier 1 designation, the development incentive bonuses include the following: A50% Density Bonus, an increased FAR to 2.75:1, and a maximum development height of 56 feet (+11 feet) - Buyer to verify. The property has quick access to the 110 freeway for easy access throughout Los Angeles and is conveniently located SoFi Stadium, The Forum and LAX and is across the street from the Broadway/92ndStreet bus stop and a short distance to the Metro A (Blue) Line.
    Exterior Features

    Carport Spaces Total 0 Covered Parking 0 Cross Streets S Broadway Direction Faces West Exterior Construction BlockHard Coat Garage Structures Total 0 Lot Location Corner Lot Lot Size Area 8032 Other Structures None Parking Garage Unassigned Total Parking 10

    Interior Features

    Baths Total 1.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 465443 Gross Income 88778 Gross Operating Income 88778 Like Units1 1 Like Units2 2 Like Units3 1 Net Operating Income 64910.00 Number Of Buildings 2 Number Of Units 4 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityCable Tv Total Annual Expense 23868 Type Of Units Comm Water Public Water Heaters YN Yes Year Built Source Owner Zoning Lac2

    Listing provided courtesy of Peter Strauss DRE#01335696 of Iconic Investments.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-16T23:42:35.183. 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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    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101