1237 W 93rd Street
Los Angeles, CA 90044
- – beds
- – baths
- – sqft
- 12,129 sqft lot
- 1924 build
- – on site
More homes
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.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Mar 8, 2024
•
MLS# SB23181553 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/8/24
Mar 8, 2024
|
Sold | CRMLS_CA | $1,125,000 | -10.0% |
|
10/18/23
Oct 18, 2023
|
Price Changed | CRMLS_CA | $1,250,000 | -3.5% |
|
9/28/23
Sep 28, 2023
|
Listed / Active | CRMLS_CA | $1,295,000 | 48.0% (43.2% / YR) |