Introducing the rare investment opportunity of 1237 W 93rd St, nestled in the heart of Unincorporated Los Angeles County. This asset is a value add 6-Unit Apartment comprised of (6) 1-Bed/1-Bath Units with RTI plans for (1) additional 1-Bed/1-Bath ADU. This 6+1 RTI unit building is located in a rapidly growing submarket of Los Angeles with plenty of value for an investor looking to increase the value. Going in at an attractive 5.44% Cap rate with 63% in Rental upside stabilizing at a 10.20% cap rate even before starting the ADUs! With RTI plans for an ADU, the buyer can begin adding value immediately and take advantage of this 12,220 Square foot lot. After the construction of the ADU, the cap rate jumps to 6.46% (Including estimated construction Costs). Located in an unincorporated area of Los Angeles County and NOT in Los Angeles city, the subject property is steps from the new recreational development at 5800 Figueroa, as well as new apartment developments in the area.
MLS #
CRSB23181553
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.00
Laundry
None
Garage/Parking
Garage: 6 Car(s)
HOA Fee
$0
Listing Agent
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
License #: 01315042
Phone: (310) 606-2076
Co-Listing Agent
Cameron Samimi
License #: 02035763
Phone: –
# Buildings | # Leased Units | # Total Units |
---|---|---|
3 | 5 | – |
1237 W 93rd St is a Residential Income in Los Angeles, CA 90044. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1924.
This address can also be written as 1237 W 93rd St, Los Angeles, CA 90044.©2024 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of March 08, 2024. For the most current information, please contact Olga Wright, (310) 606-2076