113 E 95th St, Los Angeles, CA 90003
$795,000
List Price
5.94%
Market CAP
1,946
Sq Ft
COMPLETELY VACANT. NEWLY UPGRADED. TWO STORY MASTER SUITE.
113 E 95th St is a two building duplex in South Los Angeles, just east of Main Street, offered at $795,000 and delivered completely vacant at close of escrow. No tenants to inherit and no below market rents to wait out: an owner user can move in on day one, and an investor can set both rents at market immediately.
The front unit (113) is a newly upgraded 3 bed, 2 bath that can be used as a two story master suite. A private stair leads to an upstairs master bedroom with an ensuite bath, a walk in closet and a private balcony. Plank flooring runs throughout, the galley kitchen has quartz counters, the second bath has been remodeled, and there are washer and dryer hookups in the unit.
The back unit (115) is an oversized 1 bed, 1 bath in its own building, with an open living and dining room, a full L shaped kitchen and a separate laundry room with hookups.
THE NUMBERS
→ List price: $795,000 | $397,500 per unit | $408.53 per SF
→ Building: 1,946 SF on a 4,371 SF lot, two separate buildings, built in 1959
→ Market rents: $3,250 (front) and $2,250 (back), $5,500 per month, $66,000 per year
→ Market CAP rate: 5.94% | Market GRM: 12.05
→ Delivered 100% vacant at close of escrow
Eight closed duplex sales nearby averaged $386,938 per unit and $396.87 per square foot. 127 E 95th St, on the same block, closed at $820,000, its full asking price. The 110 Freeway is within a mile, with Downtown Los Angeles about eight miles north, SoFi Stadium roughly four miles west and LAX about eight miles out.
All property showings are by appointment only. Read the full write up on the blog: Just Listed: A Completely Vacant South LA Duplex With a Two Story Master Suite at $795,000.
Listing Agent | Chandler Rockwell
Direct: (310) 405-7632
Mobile: (510) 468-7404
Email: chandler@fredleedsproperties.com
Lic: 02080782