• Asking Price $3,100,000
  • Estimated Value: $1,160,402

  • 442 W 93RD ST LOS ANGELES, CA 90003

  • 28 Beds 18 Baths 11,386 SqFt
  • Townhouse or Condo / Resale (MLS)
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Property Details for 442 W 93RD ST, LOS ANGELES, CA 90003

Features

  • Price/sqft: $272
  • Lot Size: 18730 sq. ft.
  • Total Units: 16
  • Total Rooms: 5
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • Stories: 2
  • Roof Type: HIP
  • Heating: 24
  • Construction Type: Wood
  • Exterior Walls: Stucco

Facts

  • Year Built: 01/01/1939
  • Property ID: 912923894
  • MLS Number: 24-431023
  • Parcel Number: 6039-005-001
  • Property Type: Townhouse or Condo
  • County: LOS ANGELES
  • Legal Description: TRACT # 4715 VAC ST ADJ ON W AND LOTS 60,61,62 AND LOT/SEC 63
  • Zoning: LARD2
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. THIS PROPERTY IS AVAILABLE FOR PURCHASE INDEPENDENTLY OR AS PART OF A 4 PROPERTY, 118 UNIT PORTFOLIO. Introducing, for the first time on market in over 20 years, a unique opportunity to purchase this four multifamily property portfolio comprised of 118 units in the heart of Los Angeles. The collection includes four large properties that sit on a total of seven parcels and almost 100K sf of land. Each building ranges from 17 to 50 units and has plenty of onsite parking, independent meters for gas and electricity, and various recent upgrades. 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 the 75% upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historical low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently at $3,915 for 3-bedroom units, $3,052 for 2-bedroom units, $2,407 for 1-bedroom units, and $2,132 for studio units. The properties are strategically located near access to major freeways, employment, entertainment, and transportation options. SoFi Stadium (LA Rams), the new Intuit Dome (LA Clippers), BMO Stadium (Angel City FC), Los Angeles International Airport, are all within minutes of any of the subject properties.

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Property Brokerage: RE/MAX Commercial & Investment 99 South Lake Ave. Pasadena CA 90505
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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