442 W 93rd Street
Los Angeles, CA, 90003
$2,875,000
Beds
0 Baths
SqFt
0.43 Acres
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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.

Property Details

Price:
$2,875,000
MLS #:
25483463
Status:
Active
Baths:
0
Address:
442 W 93rd Street
Type:
Residential Income
Neighborhood:
c36metropolitansouthwest
City:
Los Angeles
Listed Date:
Jan 15, 2025
State:
CA
ZIP:
90003
Lot Size:
18,730 sqft / 0.43 acres (approx)
Year Built:
1939
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442 W 93rd Street
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