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442 W 93rd St

442 W 93rd St Los Angeles, CA 90003

Multi-Family (2-4 Units) MLS #: 25-483463 Courtesy Of RE/MAX Commercial & Investment

$2,875,000

29 beds | 11,386 sq ft
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Estimated monthly payments: $12,568/mo.* (recalculate)
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Property InformationDescription

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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Features

  • Age: Over 50 Years Old
  • Amenities: Dock
  • Architecture Style: Other
  • Lot Size: 0.43 Acres

MAP & DIRECTIONS

MAP & DIRECTIONS

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442 W 93rd St, Los Angeles, CA 90003
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School Information

442 W 93rd St, Los Angeles, CA 90003

Elementary School
Grades KG-5 | Public School
CHARLES W. BARRETT STEAM ACADEMY
Los Angeles, CA 90003
419 W 98th St
323.­756.1419
Distance: 0.3 mi
School Rating
D+
Student:Teacher Ratio
21:1
Total Students
680
Middle School
Grades 6-8 | Public School
BRET HARTE PREPARATORY
Los Angeles, CA 90044
9301 S Hoover St
323.­242.5400
Distance: 0.3 mi
School Rating
D-
Student:Teacher Ratio
21:1
Total Students
392
High School
Grades 9-12 | Public School
ALAIN LEROY LOCKE COLLEGE PREPARATORY ACADEMY
Los Angeles, CA 90061
Distance: 1.3 mi
Other Nearby Schools Distance Type Grades School Rating
Watts Learning Center 0.2 mi Public KG-5 B+
Knox Elementary School 0.5 mi Public KG-6 B
Alliance College-ready Middle Academy 4 0.5 mi Public 6-8 B
Manchester Elementary School 0.5 mi Public 1-6 B-
Alliance Judy Ivie Burton Technology Academy High School 0.6 mi Public 9-12 A
Sheenway School And Culture Center 0.6 mi Private 1-5
Mother Of Sorrows School 0.6 mi Private KG-8
Kipp Academy Of Opportunity 0.7 mi Public 5-8 D
Danny J. Bakewell Sr. Primary Center 0.7 mi Public KG
95th Street Elementary School 0.7 mi Public KG-5 D
Kipp Empower Academy 0.7 mi Public KG-4 B
Youth Opportunities Unlimited 0.8 mi Public 9-12 D
St Michaels School 0.8 mi Private KG-8
93rd Street Elementary School 0.8 mi Public KG-6 C-
Watts Learning Center Charter Middle School 0.8 mi Public 6-8 C+
Dymally High School 0.8 mi Public 9-12 D
Vox Collegiate Of Los Angeles 0.9 mi Public 6-8 B+
Alliance Piera Barbaglia Shaheen Health Services Academy 0.9 mi Public 9-12 C
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Los Angeles, CA 90003

Median Age: 31.2
Married: 37%
Number of Households: 16,439
Households with Children: 55.5%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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