NOT LISTED FOR SALE

1242 W 93rd St Los Angeles, CA 90044

Estimated Value: $837,000 - $1,180,000

4 Beds
2 Baths
3,088 Sq Ft
$329/Sq Ft Est. Value

Last Sold October 03, 2019

Last sale price $700,000 $227 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,350/month

28 Days on Market

About This Home

As of October 2019

Huge value-add deal, tons of cash flow available! All units are 2-bed/1-bath. One unit is currently section 8. Easily achievable 6.37% Cap. Huge cash on cash return!

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 07/16/2019

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 07/16/2019

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,353

Year Built

  • Built in 1920

Lot Details

  • 9,252 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 3,088 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 46
  • Tax Tract Number 2212
  • Assessor Parcel Number 6056005002

Community Details

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $18,336
  • Gross Income $69,600
  • Net Operating Income $47,784

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,353

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LCR320U*
  • Property Type: Residential Income
  • Parcel Number: 6056005002
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 226.68

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9252.00
  • Lot Size Acres: 0.2124

Multi Family

  • Gross Income: 69600.00
  • Gross Scheduled Income: 69600.00
  • Lot Size Area: 9252.0000 Square Feet
  • Net Operating Income: 47784.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 18336.00
  • Rent Control: Yes
  • Total Expenses: 18336.00

Tax Info

  • Tax Census Tract: 6002.01
  • Tax Lot: 46
  • Tax Tract Number: 2212

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2019
Closed on
Aug 12, 2019
Sold by
Rodriguez Marie Isabel
Bought by
1242 West 93Rd St Llc
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%
Current Estimated Value
$1,015,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$315,373
Avg. Annual Appreciation
6.37%
Original Mortgage
$490,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 21, 2019
Sold by
Rodriguez Edwardo
Bought by
Rodriguez Marie Isabel

Purchase Details

Closed on
May 17, 2006
Sold by
Shin Kyungmi
Bought by
Rodriguez Marie Isabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
1.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 4, 2003
Sold by
Stokes Wycedra M
Bought by
Shin Kyungmi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,438
Interest Rate
6.4%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 3, 1999
Sold by
Kronsberg Family Trust Kronsberg Don And Bren
Bought by
Stokes Wycedra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
7.84%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1242 West 93Rd St Llc $700,000 Westminster Title Company
Rodriguez Marie Isabel -- Westminster Title Company
Rodriguez Marie Isabel $650,000 Southland Title Company
Shin Kyungmi $360,000 Southland Title Company
Stokes Wycedra M $164,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1242 West 93Rd St Llc $490,000
Previous Owner Rodriguez Marie Isabel $455,000
Previous Owner Shin Kyungmi $354,438
Previous Owner Stokes Wycedra M $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2019 10/03/19 Sold $700,000 -6.7% $227 / Sq Ft
08/13/2019 08/13/19 Pending -- -- --
07/16/2019 07/16/19 For Sale $750,000 -- $243 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $11,353 $765,547 $546,820 $218,727
2024 $11,353 $750,538 $536,099 $214,439
2023 $10,835 $735,823 $525,588 $210,235
2022 $10,370 $721,396 $515,283 $206,113
2021 $10,268 $707,252 $505,180 $202,072
2020 $11,380 $796,288 $557,403 $238,885
2019 $10,970 $780,675 $546,474 $234,201
2018 $10,781 $765,368 $535,759 $229,609
2016 $10,326 $735,649 $514,955 $220,694
2015 $10,173 $724,599 $507,220 $217,379
2014 $10,182 $710,406 $497,285 $213,121
Source: Public Records

Agents Affiliated with this Home

  • Cameron Samimi

    Seller's Agent in 2019

    Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 259-7556

    7 in this area

    190 Total Sales

    Cameron Samimi
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19168928

California Regional Multiple Listing Service (CRMLS)

APN: 6056-005-002

California Los Angeles County Los Angeles 90044

1242 W 93rd St, Los Angeles, CA

This home is located at 1242 W 93rd St, Los Angeles, CA 90044 since 16 July 2019 and is currently estimated at $1,015,373, approximately $328 per square foot. This property was built in 1920. 1242 W 93rd St is a home located in Los Angeles County with nearby schools including Ninety-Fifth Street Elementary School, Bret Harte Preparatory Middle School, and George Washington Preparatory High School.

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.

California Regional Multiple Listing Service (CRMLS) 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

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