9623 Bandera,Los Angeles, CA 90002
Los Angeles, CA 90002
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.
Details
| MLS # | DW26011671 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 226 |
| Listing Provided By | PLF Real Estate Solutions | Herbert Diaz |
Features
| SQ Feet | 2,208 |
|---|---|
| Story(s) | 1 |
| Units | 2 |
| Building(s) | 1 |
| Acreage | 0.16 |
Interior
| Cooling | None |
|---|---|
| Heating | Radiant |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | All Bedrooms Down |
| Appliances | Gas Oven, Gas Range |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Shingle |
|---|---|
| Lot Features | Street Level, Yard |
| Fencing | Block, Wood |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Street Lights, Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90002 |
| Area | WATT Watts |
| Listing VS Median (in 90002) | |
Price: $799,900 low | high Med: $900,000 sqft: 2,208 low | high Med: 2,551 $ / sqft: $362 low | high Med: $353 On site: 226 low | high Med: 277 | |
Market Activity 90002
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90002 |
| Area | WATT Watts |
| Listing VS Median (in 90002) | |
Price: $799,900 low | high Med: $900,000 sqft: 2,208 low | high Med: 2,551 $ / sqft: $362 low | high Med: $353 On site: 226 low | high Med: 277 | |
 | $780,0009320 FirthLos Angeles, CA 90002 |