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442 W 93rd Street
USD 2,875,000
Property ID: 25483463
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442 W 93rd Street ,90003
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icon 18730 SqFt
icon Built in 1939
icon USD 153/SqFt
icon 29 Beds
icon 18 Full
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Location
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Interior Details
Bedrooms
29
Bathrooms
18
Interior Size
11386
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1939
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Detailed Introduction Of This Home
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.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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442 W 93rd Street
USD 2,875,000 29 Beds
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