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1237 W 93rd Street
USD 1,295,000
Property ID: SB23181553
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1237 W 93rd Street ,90044
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icon 12129 SqFt
icon Built in 1924
icon USD 107/SqFt
icon 0 Bed
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
3450
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1924
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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.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
1 of 16
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Photos (16)
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1237 W 93rd Street
USD 1,295,000 0 Beds
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