CA > Los Angeles
Los Angeles, CA 90003,442 W 93rd ST
Los Angeles, CA 90003,442 W 93rd ST
Los Angeles, CA 90003,442 W 93rd ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,875,000
Est. payment /mo
29 Beds
18 Baths
11,386 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,386 sqft

Price per Sqft $252

MLS Listing ID 25483463

Bedrooms 29

HOA Y/N No

Year Built 1939

Lot Size 0.430 Acres

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.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LARD2

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Assigned

Total Parking Spaces 17

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6039005001

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Enrique Viramontes • Remax Commercial and Investment Realty

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