tomo logo

$3,100,000

Beds
28
sq ft
11,386

442 W 93rd St, Los Angeles, CA 90003

442 W 93rd St

Los Angeles, CA 90003

  • 125 days on market
THIS PROPERTY IS AVAILABLE FOR PURCHASE INDEPENDENTLY OR AS PART OF A 4 PROPERTY, 118 UNIT PORTFOLIO. Introducing, for the first time on market in over 20 years, a unique opportunity to purchase this four multifamily property portfolio comprised of 118 units in the heart of Los Angeles. The collection includes four large properties that sit on a total of seven parcels and almost 100K sf of land. Each building ranges from 17 to 50 units and has plenty of onsite parking, independent meters for gas and electricity, and various recent upgrades. 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 the 75% upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historical low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently at $3,915 for 3-bedroom units, $3,052 for 2-bedroom units, $2,407 for 1-bedroom units, and $2,132 for studio units. The properties are strategically located near access to major freeways, employment, entertainment, and transportation options. SoFi Stadium (LA Rams), the new Intuit Dome (LA Clippers), BMO Stadium (Angel City FC), Los Angeles International Airport, are all within minutes of any of the subject properties.

Details

Property type

Lot size

0.43 acres

Price per sq ft

$273

Year built

1939

HOA

No

Price History

08/22/2024
CLAW

CLAW #24431023

Listed
$3,100,000

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/25/2024 at 6:15 AM

Listing updated: 12/05/2024 at 2:37 PM

Listed by: Enrique Viramontes, Remax Commercial and Investment Realty Phone #: (213) 817-1000

MLS: CLAW #24431023

CLAW logo

Recently listed in Los Angeles