442 W 93Rd Street, Los Angeles, CA 90003
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Listed Price :
$2,875,000
-
Beds :
29
-
Baths :
18
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Property Size :
11,386 sqft
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Year Built :
1939
Property Description
We are pleased to introduce, for the first time on market in over 20 years, 442 W 93rd Street. The property consists of an attractive mix of 1 three bedroom + two bath, 10 two bedroom + one bath, 5 one bedroom + one bath and 1 Studio on a huge 18,730 SF Lot. Plentiful parking is available onsite for tenants. Further investment highlights include a low $169,000 per unit, a 9.64 current GRM and the possibility to achieve additional income from adding multiple ADUs. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize a significant upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historically low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently at $3,528 for 3-bedroom units, $2,748 for 2-bedroom units, $2,172 for 1-bedroom units, and $1,920 for studio units.
Interior Features
| Bedroom Information |
| Bedrooms |
29 |
| Bathroom Information |
| Bathrooms |
18 |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
442 W 93Rd Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90003 |
| County |
Los Angeles |
| Listing Agent |
Enrique Viramontes DRE #01372010 |
| Courtesy Of |
Remax Commercial and Investment Realty |
| List Price |
$2,875,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
11,386 |
| Lot Size |
18,730 |
| Year Built |
1939 |
Listing information courtesy of: Enrique Viramontes, Remax Commercial and Investment Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 15th, 2025 at 11:03 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
