442 W 93Rd Street, Los Angeles, CA 90003

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Property Description

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.


Interior Features

Bedroom Information
Bedrooms 28
Bathroom Information
Bathrooms 18

Listing Information

Address 442 W 93Rd Street
City Los Angeles
State CA
Zip 90003
County Los Angeles
Listing Agent Enrique Viramontes DRE #01372010
Courtesy Of Remax Commercial and Investment Realty
List Price $3,100,000
Status Active
Type Residential Income
Structure Size 11,386
Lot Size 18,730
Year Built 1939

Listing information courtesy of: Enrique Viramontes, Remax Commercial and Investment Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 1:59 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.