Seller's Agent in 2024
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
3 in this area
96 Total Sales
1237 W 93rd St Los Angeles, CA 90044
Westmont NeighborhoodEstimated Value: $1,138,296 - $1,151,000
7
Beds
6
Baths
3,450
Sq Ft
$332/Sq Ft
Est. Value
Highlights
- 0.28 Acre Lot
- Park
- 1-Story Property
- No HOA
About This Home
As of March 2024Introducing 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 Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01315042 Listed on: 09/28/2023
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $14,053
Year Built
- Built in 1924
Lot Details
- 0.28 Acre Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 3 Open Parking Spaces
- 6 Car Garage
Interior Spaces
- 3,450 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 32
- Tax Tract Number 6001
- Assessor Parcel Number 6056002032
- $2,398 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 6 Units
Recreation
- Park
- Dog Park
Building Details
- 5 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $300
- Fuel Expense $300
- Gardener Expense $1,440
- Insurance Expense $2,588
- Maintenance Expense $3,900
- Professional Management Expense $5,146
- Water Sewer Expense $2,800
- New Taxes Expense $15,799
- Operating Expense $31,798
- Gross Income $102,912
- Net Operating Income $68,027
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 28, 2023
Closed on
Feb 14, 2024
Sold by
Mcp Independence Llc
Bought by
1246 W 96Th St Llc
Seller's Agent
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,250,000
Sold Price
$1,125,000
Premium/Discount to List
-$125,000
-10%
Views
52
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,484
Avg. Annual Appreciation
1.24%
Original Mortgage
$852,100
Interest Rate
6.6%
Mortgage Type
Construction
Purchase Details
Listed on
May 19, 2022
Closed on
Jul 11, 2022
Sold by
Mckinney Family Trust
Bought by
Mcp Independence Llc
Seller's Agent
Dolores Golden
1st Interstate Realtors
Buyer's Agent
Dolores Golden
1st Interstate Realtors
List Price
$1,300,000
Sold Price
$875,000
Premium/Discount to List
-$425,000
-32.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.60%
Original Mortgage
$548,000
Interest Rate
5.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 13, 2008
Sold by
Mckinney Farley G and Mckinney Alice R
Bought by
Mckinney Farley G and Mckinney Alice R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,000
Interest Rate
6.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 19, 2004
Sold by
Mckinney Farley G and Mckinney Alice R
Bought by
Mckinney Farley G and Mckinney Alice R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,500
Interest Rate
5.65%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 9, 2004
Sold by
Mckinney Farley G and Mckinney Alice R
Bought by
Mckinney Farley G and Mckinney Alice R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.88%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1246 W 96Th St Llc | $1,125,000 | Chicago Title Company | |
| Mcp Independence Llc | $875,000 | Fidelity National Title | |
| Mckinney Farley G | -- | Chicago Title Company | |
| Mckinney Farley G | -- | Financial Title Company La | |
| Mckinney Farley G | -- | Commonwealth Land Title Co | |
| Kinney Farley G | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 1246 W 96Th St Llc | $900,000 | |
| Closed | 1246 W 96Th St Llc | $852,100 | |
| Previous Owner | Mcp Independence Llc | $548,000 | |
| Previous Owner | Mckinney Farley G | $610,000 | |
| Previous Owner | Mckinney Farley G | $442,000 | |
| Previous Owner | Mckinney Farley G | $253,500 | |
| Previous Owner | Mckinney Farley G | $245,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/08/2024 03/08/24 | Sold | $1,125,000 | -10.0% | $326 / Sq Ft |
| 01/09/2024 01/09/24 | For Sale | $1,250,000 | +11.1% | $362 / Sq Ft |
| 12/21/2023 12/21/23 | Off Market | $1,125,000 | -- | -- |
| 11/28/2023 11/28/23 | For Sale | $1,250,000 | +11.1% | $362 / Sq Ft |
| 11/22/2023 11/22/23 | Off Market | $1,125,000 | -- | -- |
| 11/01/2023 11/01/23 | For Sale | $1,250,000 | +11.1% | $362 / Sq Ft |
| 10/30/2023 10/30/23 | Off Market | $1,125,000 | -- | -- |
| 10/18/2023 10/18/23 | Price Changed | $1,250,000 | -3.5% | $362 / Sq Ft |
| 09/28/2023 09/28/23 | For Sale | $1,295,000 | +48.0% | $375 / Sq Ft |
| 08/19/2022 08/19/22 | Sold | $875,000 | -32.7% | $255 / Sq Ft |
| 06/06/2022 06/06/22 | Pending | -- | -- | -- |
| 06/03/2022 06/03/22 | For Sale | $1,300,000 | 0.0% | $379 / Sq Ft |
| 05/29/2022 05/29/22 | Pending | -- | -- | -- |
| 05/19/2022 05/19/22 | For Sale | $1,300,000 | -- | $379 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,053 | $1,147,500 | $816,000 | $331,500 |
| 2024 | $14,053 | $892,500 | $612,000 | $280,500 |
| 2023 | $12,936 | $875,000 | $600,000 | $275,000 |
| 2022 | $2,721 | $28,094 | $14,871 | $13,223 |
| 2021 | $2,718 | $27,544 | $14,580 | $12,964 |
| 2019 | $2,695 | $26,730 | $14,149 | $12,581 |
| 2018 | $2,477 | $26,207 | $13,872 | $12,335 |
| 2016 | $2,332 | $25,191 | $13,334 | $11,857 |
| 2015 | $2,321 | $24,813 | $13,134 | $11,679 |
| 2014 | $2,363 | $24,328 | $12,877 | $11,451 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2024
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
7 in this area
183 Total Sales
-
Buyer Co-Listing Agent in 2024
Aaron Jacobson
Lyon Stahl Investment Real Estate, Inc.
(310) 729-1559
5 in this area
31 Total Sales
-
Seller's Agent in 2022
Dolores Golden
1st Interstate Realtors
(213) 718-2305
2 in this area
20 Total Sales
-
T
Seller Co-Listing Agent in 2022
Thomas Golden
1st Interstate Realtors
(310) 489-1792
2 in this area
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23181553
APN: 6056-002-032
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
Nearby Homes
- 1212 W 92nd St
- 1220 W 91st St
- 1341 W 92nd St
- 1238 W 90th Place
- 1241 W 95th St
- 1223 W 90th St
- 1431 W 90th Place
- 1234 W 89th St
- 1023 W 94th St
- 1043 W 91st St
- 1021 W 94th St
- 1412 W 89th St
- 860 & 862 W 73rd St
- 1104 W 89th St
- 9617 S Normandie Ave
- 1322 W 97th St
- 1243 W 98th St
- 1152 W 88th St
- 9705 S Normandie Ave
- 1041 W 89th St
- 1245 W 93rd St
- 1245 W 93rd St Unit 1/2
- 1245 W 93rd St
- 1235 W 93rd St
- 1243 W 93rd St Unit 1/2
- 1243 W 93rd St Unit 1
- 1243 W 93rd St
- 1231 W 93rd St
- 1247 W 93rd St
- 1227 W 93rd St
- 1249 W 93rd St
- 1248 W 92nd St
- 1242 W 92nd St
- 1250 W 92nd St
- 1301 W 93rd St
- 1238 W 92nd St
- 1256 W 92nd St
- 1234 W 92nd St
- 1225 W 93rd St
- 1309 W 93rd St