Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90003 442 W 93rd Street

Pending
442 W 93rd Street Los Angeles, CA - Image 1442 W 93rd Street Los Angeles, CA - Image 2442 W 93rd Street Los Angeles, CA - Image 3
Presented By: Enrique Viramontes with Remax Commercial and Investment Realty;
  • MLS# 25483463
  • 01/15/2025
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  • Beds • 28
  • Baths • 17
  • SQFT • 11,386
  • Year Built • 1939

Home Details

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 nonconforming Studio on a huge 18,730 SF Lot. Plentiful parking is available onsite for tenants. Further investment highlights include a low $170,000 per unit, a 9.13 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.
Presented By: Enrique Viramontes with Remax Commercial and Investment Realty;

Interior Features for 442 W 93rd Street

Bedrooms

Total Bedrooms28

Bathrooms

Half Baths0
Total Baths17
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2

General for 442 W 93rd Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.23
Carport Y/NNo
CityLos Angeles
CoolingWallWindowUnits
CountyLos Angeles
DirectionsLocated on the northeast corner of S Figueroa St and W 93rd St
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income298356.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet18730.0
Lot Size UnitsSquareFeet
MLS AreaC36 - Metropolitan Southwest
MobileHomeRemainsYNNo
Net Operating Income169818.0
New ConstructionNo
Number Of Units Total16
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Year Built1939
ZoningLARD2

Exterior for 442 W 93rd Street

Building Area Total11386.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.43
Lot Size Area18730.0
Lot Size SourceOther
Number of Buildings3
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking16.0
WaterfrontY/NNo

Additional Details

Price History

Keegan Cin

Team Lead
Price $2,725,000
MLS#25483463
List Date 01/15/2025
Property Type Pending
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