442 W 93rd Street, Los Angeles CA, 90003

Active

442 W 93rd Street

Los Angeles CA, 90003

$2,875,000

$252.50 per sqft

Active

29 Beds

18 Baths

11,386 sqft

Residential

Built in 1939

Listed by Enrique Viramontes with Remax Commercial and Investment Realty 213-233-4363

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.

25483463

MLSⓇ ID

January 15, 2025

Listed

February 12, 2025

Updated

Interior Features

Total Stories: 2
Bedrooms: 29
Total Bathrooms: 18
Fireplace: No
Cooling: Yes
Cooling Description: Wall/Window Unit(s)
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.43 Acres

Other Property Details

Area Name: C36 - Metropolitan Southwest
Days on Market: 8
Garage: No
Parking: Assigned
Parking Total: 17
View: No
County: Los Angeles
Pool: No
Zoning: LARD2

Listing Contact: 213-817-1000

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/12/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 2/12/2025 at 7:03 PM UTC