Detailed Introduction Of This Home
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 5.20% Cap rate with 63% in
Rental upside stabilizing at a 10.07% 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 6.21% (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.