1237 W 93rd Street, Los Angeles, CA 90044 (MLS # SB23181553)

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PRICE $1,125,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 3,450 sqft
LOT SIZE 12,128 sqft
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Introducing the rare investment opportunity of 1237 W93rd St, nestled in the heart of Unincorporated Los AngelesCounty. This asset is a value add 6-Unit Apartmentcomprised of (6) 1-Bed/1-Bath Units with RTI plans for (1)additional 1-Bed/1-Bath ADU. This 6+1 RTI unit building islocated in a rapidly growing submarket of Los Angeleswith plenty of value for an investor looking to increase thevalue. Going in at an attractive 5.44% Cap rate with 63% inRental upside stabilizing at a 10.20% cap rate even beforestarting the ADUs!With RTI plans for an ADU, the buyer can begin addingvalue immediately and take advantage of this 12,220Square foot lot. After the construction of the ADU, the caprate jumps to 6.46% (Including estimated constructionCosts).Located in an unincorporated area of Los Angeles Countyand NOT in Los Angeles city, the subject property is stepsfrom the new recreational development at 5800 Figueroa,as well as new apartment developments in the area.

DAYS ON MARKET 162 LAST UPDATED 3/8/2024
YEAR BUILT 1924 COMMUNITY Metropolitan Southwest
GARAGE SPACES 6.0 COUNTY Los Angeles
STATUS Sold PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA Metropolitan Southwest
GARAGE Yes
HOA DUES 0
LOT 0.28 acre(s)
LOT DESCRIPTION 0-1 Unit/Acre
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
WATER Public
MORTGAGE CALCULATOR
   

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Listed with Lyon Stahl Investment Real Estate, Inc.

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