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442 W 93rd St, Los Angeles, CA 90003

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For Sale

$2,875,000

29 beds11,386 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $252.50
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 25-483463

Courtesy Of RE/MAX Commercial & Investment

(213) 817-1000

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Lot Size
    0.43 Acres

Map and Directions

Directions to 442 W 93rd St, Los Angeles, CA 90003
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Home seller CENTURY 21 Jervis & Associates

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Jervis & Associates

(562) 862-2226
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

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