Property Showcase

847 E Imperial HwyLOS ANGELES, CA 90059

$875,000
Multi-Family
Status: Active
  • Bed:5
  • Bath:5
  • Sqft:2,620
  • Lot:50x115
  • MLS#: 21-705562
33.931304931640625-118.25923919677734
Courtesy Of Keller Williams Silicon Beach

Description:

We are pleased to present 847 E Imperial Hwy - a five (5) unit multifamily opportunity located in South Los Angeles built in 1955. The two story property consists of five (5) One Bedroom / One Bath units with three (3) of the units on the upper level and two (2) units on the ground floor. All 5 units have hardwood floors throughout the living space and have been recently renovated with new tile flooring in every kitchen and bathroom. In addition to the flooring, three of the five units have undergone major renovations including new energy efficient windows and fixtures. The Seller has Parking Seismic Retrofit plans in place but has yet to complete the work. The property possesses a total of (9) parking spots: 3 of which are in a covered garage. Situated on a lot spanning 5,749 SF with 2,620 SF of building space, the building offers a comfortable amount of room for each unit. The offering is priced at a 6.10% CAP and 10.40 GRM, attractive rates in this active and emerging market. 847 E Imperial Hwy will surely benefit the investor with high returns, providing a premier CAP rate and low annual expenses. With historically high rental demand in the South Los Angeles Multi-Family market an investor can benefit from receiving full rental income from a recently renovated property that provides on-site parking and excellent amenities.

Main Features:

Listing Status Active Year Built 1955
Floors 2 County LOS ANGELES
Rental Price $0 Units 5
Zoning LARD2

Additional Features:

Board The Combined Los Angeles/Westside MLS
Cooling Wall/Window
Disclosures As Is
Heating Wall
Other Structures None
OtherEquipment None
Parking Garage
Uncovered
Special Conditions Standard
Unit 1 Furnished No
Unit 2 Furnished No
Unit 3 Furnished No
Unit 4 Furnished No
Unit 5 Furnished No

Extra Features:

Cap Rate 6.10 Co Listing Office ID X72031
Expenses 28225 Gross Income 84138
Gross Operating Income 81614 Listing Agent License Number 01816119
Lot Size Area 5769 LP Per SQFT 333.97
Net Operating Income 53389.00 Number of Buildings 1
Office Co List Name Keller Williams Silicon Beach Parking Spaces 9
Total Acres 0.1324 Unit 1 Bathrooms 1.00
Unit 1 Bedrooms 1 Unit 1 Rent 16800.00
Unit 1 Total Units 1 Unit 2 Bathrooms 1.00
Unit 2 Bedrooms 1 Unit 2 Rent 11610.00
Unit 2 Total Units 1 Unit 3 Bathrooms 1.00
Unit 3 Bedrooms 1 Unit 3 Rent 18600.00
Unit 3 Total Units 1 Unit 4 Bathrooms 1.00
Unit 4 Bedrooms 1 Unit 4 Rent 17928.00
Unit 5 Bathrooms 1.00 Unit 5 Bedrooms 1
Unit 5 Rent 19200.00 Unit 5 Total Units 1

Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is copyrighted in 2021 by the Combined L.A./Westside Multiple Listing Service, Inc. L.A., CA. Any dissemination of this information in violation of copyright laws is strictly prohibited. TheMLS
Information deemed reliable but not guaranteed.
Copyright© 2021 Combined L.A./Westside Multiple Listing Service, Inc. L.A., CA. All Rights Reserved.
Last Updated On: 5/11/2021 7:33:39 AM

847 E Imperial Hwy, LOS ANGELES, CA 90059

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Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is copyrighted in 2021 by the Combined L.A./Westside Multiple Listing Service, Inc. L.A., CA. Any dissemination of this information in violation of copyright laws is strictly prohibited. TheMLS
Information deemed reliable but not guaranteed.
Copyright© 2021 Combined L.A./Westside Multiple Listing Service, Inc. L.A., CA. All Rights Reserved.
Last Updated On: 5/11/2021 7:33:39 AM

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