442 W 93rd Street, Los Angeles, CA 90003 - Berkshire Hathaway HomeServices California Properties
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442 W 93rd Street, Los Angeles, CA 90003

$2,875,000 Approx. USD 29 beds, 18 baths
11,386 sqft
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Listing Agent


Enrique Viramontes | eviramontes@remaxcir.com
Lic#: 01372010
Broker: Courtesy of Remax Commercial and Investment Realty

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25483463
Price: $2,875,000
Beds: 29
Baths: 18
Built in 1939
11,386 sqft
2 stories
0.43 acres
Lot size: 0.4300
County: Los Angeles
Zoning: LARD2
Parking description: Assigned
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: C36 - Metropolitan Southwest

Last Updated: 1/23/2025

 Days On Market (DOM): 117

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This listing belongs to the C36 - Metropolitan Southwest MLS area

Lat/Long: 33.951628, -118.282308.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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