9623 Bandera, Los Angeles, CA 90002
- $799,900
- List Price
- $799,900
- Price Change
- ▼ $50,100 1781399673
- Status
- ACTIVE
- MLS#
- DW26011671
- Year Built
- 1922
- Lot Size
- 7,150
- Acres
- 0.16
- Lot Location
- Street Level, Yard
- Days on Market
- 190
- Property Type
- Multifamily
- Property Sub Type
- Duplex
Property Description
Strong income-producing duplex in Los Angeles with actual performance metrics of a 6.9 percent cap rate and an 11.8 GRM. This updated, well-maintained property delivers real current returns, making it an excellent opportunity for investors seeking reliable cash flow today rather than projected returns. One unit is occupied by a long-term tenant with a documented history of on-time payments, providing stability and proven performance. The second unit is currently on a one-year RSO lease, giving any investor added confidence that returns are already in place and highly reliable from day one. The property features two separate units with recent upgrades throughout, including brand new windows, new flooring, fresh interior paint, updated tile, kitchen sinks, and modern finishes. The front unit includes a newly remodeled bathroom and updated appliances, while the back unit features a new water heater. Additional improvements include a reinforced foundation, adding long-term structural value and durability. Each unit offers separate laundry, and the property includes a long driveway with ample parking and a private backyard, a rare feature in Los Angeles. Conveniently located near freeways, shopping, and local amenities, this duplex benefits from strong rental demand and tenant appeal. Ideal for both investors and owner occupants seeking a move-in-ready duplex with dependable income, stability, and upside potential in a prime Los Angeles location.
Additional Information
- Appliances
- Gas Oven, Gas Range
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Radiant
- Cooling Description
- None
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $72,000
- Operating Expense
- 13366
Listing courtesy of Listing Agent: Herbert Diaz (herb@PLFrealestatesolutions.com) from Listing Office: PLF Real Estate Solutions.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.