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$ 2,500,000
$ 2,725,000 8.3%
Est. payment /mo
Sold on 07/03/2025
442 W 93rd ST Los Angeles, CA 90003
28 Beds
17 Baths
11,386 SqFt
UPDATED:
Key Details
Sold Price $2,500,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 11,386 sqft
Price per Sqft $219
MLS Listing ID 25483463
Sold Date 07/03/25
Bedrooms 28
HOA Y/N No
Year Built 1939
Lot Size 0.430 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LARD2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 16
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6039005001
Special Listing Condition Standard
Listed by Enrique Viramontes Remax Commercial and Investment Realty
Bought with Enrique Viramontes Remax Commercial and Investment Realty
Bought with Enrique Viramontes Remax Commercial and Investment Realty
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